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kykrilka [37]
3 years ago
12

On July 1, 2014, Agincourt Inc. made two sales.

Business
1 answer:
sesenic [268]3 years ago
5 0

Answer:

Explanation:

Date                   Account title and Explanation     Debit      Credit

1st july-14                  Notes receivable             $1,393,591

                         Discount on notes receivable                                                                     ($1,393,591 - S600,100 - $317,900)                  $475,591

                                                Land                                           $600,100

                                   Gain on disposal of land                                                 `                        ($918,000 - $600,100)                               $317,900  `                                           (To record sale of land)

1-Jul-14

                                  Notes receivable                 $404,300

                                   Service revenue                                  $404,300

`                               (to record service revenue)

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Answer:

$15

Explanation:

The computation of the estimated variable cost per unit by using high low method is shown below:

Variable cost per unit = (High total cost - low total cost) ÷ (Highest level activity  - lowest level activity)

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April and Wayne are the buyer and seller of a condo, respectively. April is represented by Steve. Wayne is represented by Wanda.
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Answer:

Both April and Wayne

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3 years ago
Using higher interest rates will:____.
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b. make less amount of money to be received for the investments made today.

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6 0
2 years ago
g What is one difference between a firm in a perfectly competitive industry and a firm in a monopolistically competitive industr
algol [13]

Answer:

The correct answer is the last statement.

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In a perfectly competitive market, however, there are large number of buyers and sellers. These sellers produce homogenous products. There is no restriction on entry and exit of the new firms. The profit is maximized at the point where price, marginal revenue, and, average revenue are equal to marginal cost.

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The traditional view is that the optimum level of inspection is where the:
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