Answer:
Debit Credit
Cash $18,468
Sales $18,468
(Being Cash sales made.)
Sales Commission Expense 79
Cash 79
(Being commission paid on sales.)
So thus the balance of cash book = $18468 - 79 = $18,389
Explanation:
The appropriate response is the third one. This perspective is vital to check regardless of whether the versatile test ran effectively, you can open the test report. You can likewise see each recorded useful activity in the report.
Answer:
The correct answer is D. not able to be calculated from the information given.
Explanation:
The consumer surplus is the gap between the maximum price that the consumer is willing to pay and the price the consumer actually pay.
So, in this case, to get consumer surplus , we have to know the price that Mister Smith was willing to pay and the price he actually paid. We only have the price he paid and we don't know how much he was willing to pay.
Then , we are not able to calculate consumer surplus with the information given.
Answer:
B. the amount by which government purchases and transfers exceed tax revenues.
Explanation:
Primary deficit is the borrowing requirements of government excluding interest. It is the addition of government purchases and transfers less tax revenues. It is the amount by which spending exceeds money received in form of revenues.
Mathematically
Primary Deficit = Government purchases + transfers - tax revenues.
Primary deficits is different from deficits as net interest isn't added.