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Irina-Kira [14]

2 years ago

5

Henderson is a local automobile salesperson. He earns 6% commission on all of his automobile sales. Last month, he earned $9,900

in commission. Calculate the total cost of all of Angel’s automobile sales

1 answer:

Murrr4er [49]2 years ago

3 0

The answer for total sales is $165,000

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On January 23, 10,000 shares of Tolle Company are acquired at a price of $30 per share plus a $100 brokerage commission. On Apri

Vaselesa [24]

Answer:

January 23rd

Dr Investment in Tolle 300,100

Cr Cash 300,100

(to record the acquired of 10,000 Tolle's shares at $30 each and a brokerage cost of $100)

April 12th

Dr Cash 5,000

Cr Dividend Revenue 5,000

(to record dividend revenue from 10,00 Tolle's shares at $0.5 each)

June 10th

Dr Cash 135,900

Cr Investment on Tolle 120,040

Cr Gain on investment disposal 15,860

(to record the sales of 4,000 Tolle's shares at $34 plus $110 commission fees incurred).

Explanation:

All the explanation is given at the end of each transaction. Further explanation as below:

Given there is no information mentioned whether the share acquired is fro 20% to above and the partial disposal of the investment comes quite near to the time of first acquire; we apply the Cost Method for accounting these transactions.

In the June 10th transaction, we have:

- The actual selling price per share = (Selling price x share sold - Brokerage commission) / share sold = ( 34 x 4,000 - 100) / 4,000 = $33.975;

- The cost of share sold per share = ( Purchasing price x share purchase - Brokerage commission)/ share purchased = ( 30 x 10,000 + 100) / 10,000 = $30.01

=> Cost of share recorded ( Cr Investment account) = 30.01 x 4,000 = 120,040;

=> Gain on investment disposal = ( 33.975 - 30.01) x 4,000 = 15,860.

=> Cash receipt = 4,000 x 34 - 100 = $135,900.

3 0

3 years ago

Pressure with Two Liquids, Hg and Water. An open test tube at 293 K is filled at the bottom with 12.1 cm of Hg, and 5.6 cm of wa

Radda [10]

Answer:

$1170839.28 dyn/cm^2$

16.9816 psia

$117.083928 kN/m^2$

Explanation:

To calculate the absolute pressure in the bottom of tube we need to sum the atmosferic and gauge pressure.

$P_{abs}=P_{atm}+P_G$

And the gauge pressure is given by the contributions of columns of water ( $P_{w}$ ) and mercury( $P_{Hg}$ ), we can calculate the contribution of each column as:

$P= \rho g h$ (*)

where $\rho$ is the respective density, g gravity and h is height.

So we have all the data required to use the above equations ( $P_{atm}$ , height and density of each column) we only need to be carefully with the units.

For simplicity we can to express all pressure contributions in mmHg ( $P_{atm}$ , $P_{w}$ and $P_{Hg}$ ). Note that the units "x" mmHg means the pressure at the bottom of a column of mercury of "x" mm high. For example, in this case we have a column 12.1 cm of Hg, that is a column of 121 mmHg (passing from cm to mm only requires multiply by 10) pressure exerted by that column is 121 mmHg.

Now pressure of 5.6 cm (56 mm) of water would be 56 mm of water, but it is not the same that mmHg, since the density of water is lower, the pressure exerted by 1 mm of water is lower than the exerted by 1 mm of Hg. The conversion between mmHg and mm of water is given by the relation between the densities.

$mmHg=\frac{\rho_w*mmH_2O}{\rho_{Hg}}$

$mmHg=\frac{0.998*mmH_2O}{13.55}=0.0737 mmH_2O$

And pressure of water in mmHg is

$0.0737*56=4.1246 mmHg$

The absolute pressure is:

$P_{abs}=P_{atm}+P_G= 756 + 121 + 4.1246 = 881.1246 mmHg = 88.11246cmHg$

To pass to dyn/cm^2 units we need to use the equation (*)

$P= \rho g h = 13.55 \frac{g}{cm^3} * 980.665 \frac{cm}{s^2} * 88.11246 cmHg = 1170839.28 \frac{g}{cm s^2} = 1170839.28 \frac{dyn}{cm^2}$

Note: We need to use cm Hg for units coherence

Now passing from dyn/ $cm^2$ to kN/ $m^2$ (or kPa) we need to consider that 1 dyn is $10^{-8}$ kN and 1 $cm^2$ is $10^{-4} m^2$ .

$1170839.28 \frac{dyn}{cm^2} * \frac{10^{-8}kN}{1 dyn}*\frac{cm^2}{10^{-4}m^2}=117.083928kN/m^2$

Now passing kN/ $m^2$ to psia. We need to consider that 1 psia is 6.89476.

$117.083928kN/m^2*\frac{1psia}{6.89476kN/m^2}=16.9816 psia$

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3 years ago

Why studying central tendency alone is insufficient and calculating dispersion is always needed in both descriptive and inferent

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3 years ago

Leigh has three children but has not written her will which danger will she more than likely face if she dies without a will?

labwork [276]

Her children will not inherit any of her assets

4 0

3 years ago

Recently, much of the Western United States experienced drought conditions and water usage was restricted in Denver. Yet, even t

Savatey [412]

Answer: Price inelastic.

Explanation:

In Denver as described in the question the demand for water is price inelastic as it doesn't change regardless of changes in price of water. An item is said to be price inelastic if the demand remains the same regardless of price rise or fall of that item.

8 0

3 years ago