Answer:
New price = $108
Explanation:
Given:
Old price for cleaning = $120
New discount rate = 10% = 10 / 100 = 0.1
Computation of new price for cleaning:
New price = Old price for cleaning (1-New discount rate)
New price = 120 (1-0.1)
New price = 120 (1-0.1)
New price = $108
Journal entry
Date Account Title and Explanation Debit Credit
Cash A/c Dr. $108
Service Revenue A/c $108
(Being amount received from cleaning)
Solution:
Date General Journal Debit Credit
July 04 Accounts receivable 5,620
Sales 5,620
July 04 Cost of goods sold 3,597
Merchandise inventory 3,597
July 09 Cash 19,200
Factoring fee expense 800
Accounts receivable 20,000
July 17 Cash $3,091
Accounts receivable $3,091
July 27 Cash 10,960
Notes payable 10,960
July 27 No journal entry required
Invention or discovery that have significant educational or scientific value such as literary and artistic work
Answer:
D) cause the supply curve for car batteries to shift to the left by $15.00.
Explanation:
A $15.00 tax levied on the sellers of car batteries will Use letters in alphabetical order to cause the supply curve for car batteries to shift to the left by $15.00.
Taxation has a significant effect on supply, thus causing market equilibrium when a price is higher without the tax and a lower quantity without the tax. This simply means equilibrium price will rise while the equilibrium quantity falls.
After an imposition of the $15.00 tax, the supply curves shifts to the left.
Answer:
5,880
Explanation:
The computation of number of equivalent units of production is shown below:-
Completed units = 6,000 × 100%
= 6,000
Ending units = 600 × 30%
= 180
Total = Completed units + Ending units
= 6,000 + 180
= 6,180
Beginning units = 500 × 60%
= 300
So, Number of equivalent units of production = Total - Beginning units
= 6,180 - 300
= 5,880