<span>Debit accounts payable and credit cash</span>
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Answer: B. Tabitha figures that the additional benefit of having her own booth ( as opposed to sharing) is at least $300.
Explanation:
When Tabitha moved booths, she began to pay $450 per month. The difference between this cost and the cost she was previously paying is:
= 450 - 150
= $300
If Tabitha is paying $300 extra, it must mean that the benefit she is getting from being in her own booth is at least $300 because that would be the only way she would not be making a loss. Were the benefits anything less than $300, she would be making a loss and it would not make any sense for her to continue renting the booth.
Answer:
The correct option is B
Explanation:
In this question, we are asked to calculate the cash payment to suppliers total.
To calculate this, we employ a mathematical approach.
Mathematically;
Cash Payment to supplier
= cost of goods sold - decrease in inventory +decrease in account payable
From the question, we identify;
Cost of goods sold = $183,000
Decrease in inventory =$8,000
Decrease in account payable =$4,000
Plugging these values in the equation, we have;
Cash payment to supplier = 183000 - 8000+4000
= $ 179000
Answer: b. $ 1,900,000
Explanation:
The Net Increase in PBO can be calculated by the formula;
= Prior service cost + Service cost + Interest on the PBO - Benefits paid
= 1,700,000 + 400,000 + 190,000 - 390,000
= $1,900,000
