Let x be the original price of an item. For the first case, the employee avails the 25% first then the 10%.
Price: (0.75x)(0.90) = 0.675x
For the second case, the 10% discount is availed first then, the 25%.
Price: (0.90x)(0.75) = 0.675x
Thus, whichever is the case, the price would be the same. The answer is letter D.
Answer:
a. 21%
Explanation:
Felix and Freddie
Tax paid for first will be :
$43,850 ×15%
=$6,577.5
Taxable income $124,050
($230,000-$105,950)
Taxable payable $38,455.5
($124,050*31%)
Remaining tax payable $13,041
($58,074-$6,577.5-$38,455.5)
÷
Remaining taxable income $62,100
($105,950-$43,850)
Tax rate between $43,850 and 105,950 will be:
$13,041÷$62,100
=0.21×100
=21%
Make money- get a job or start a business
Save money- dont spend too much money and put 20% into savings account
Answer:
Required a. Record the general journal entries for the preceding transactions:
cash 12,000 debit
common stock 12,000 credit
--to record issuance of stocks --
inventory 5,600 debit
cash 5,600 credit
-- to record purhcase of inventory--
cash 5,712 debit
sales revenue 5,712 credit
COGS 3,360 debit
Invenotry 3,360 credit
--to record sale and subsequent cost--
advertizing expense 650 debit
cash 650 credit
Explanation:
We will post baed on the accounting principles:
debit = creidt
1)we debit cash and credit how we obtain the cash
2) we debit inventory and credit cash which is how we acquire the inventory (if it was o naccount it will be account payable)
3) we recognize the gain and the cash which was obtain for it.
also we recognize the expenses, which are the cost of the goods used so decrease inventory
4) we recognize the expense and decrease the cash used to pay for it.