First we have to evaluate our income: $100,000. And then the expenditure (sum of all expenses): $25,000 + $40,000 + $25,000 = $90,000. This is the expenditure, taken away from our income we get $10,000, this is the economic profit of the family farm.
Answer:
y = 5x - 4
Step-by-step explanation:
Step 1: Write known variables
m = 5
y = 5x + b
Step 2: Find <em>b</em>
6 = 5(2) + b
6 = 10 + b
b = -4
Step 3: Rewrite equation
y = 5x - 4
Answer:
12
Step-by-step explanation:
Answer:
r = -31
Step-by-step explanation:
The picture is how I solved it.
Answer:
<u>The correct answer is B. Accounts payable for US$ 53.oo</u>
Step-by-step explanation:
1. Let's recall what is the Journal entry when a company return part of the inventory previously purchased:
Debit
The amount Heidi's accessories owed to the supplier would have been sitting as a credit on the accounts payable account because the invoice has not been payed. In the case of this return, we should debit it because we should diminish the amount due.
Credit
The goods Heidi's accessories are returning and therefore, the asset of inventory decreases. The credit to purchase returns reduces the value of the total purchases. That's why options C and D are incorrect.
2. Now, let's calculate the amount of the return that Heidi's accessories made, this way:
Return = Number of necklaces * Price of each necklace + Sales taxes
Replacing with the real values, we have:
Return = 5 * 10 + (5 * 10) * 0.06
Return = 50 + (50) * 0.06
Return = 50 + 3 = 53
<u>The correct answer is B. Accounts payable for US$ 53.oo</u>
