<span>The sales in 2018 will be $800,000. Let the sales in 2018 be x and 13% increase shows 1.13x and the calculation will be done by dividing 904000 with 1.13 and the answer will be 800000. This is simple calculation as the question is showing that the sales in 2018 were less so that answer is also checked.</span>
Answer:
The correct answer to the following question is option B) $2500 .
Explanation:
Given information -
Proceeds to be received on life insurance - $150,000
Carin receives 10 installments of $17,500 each , which takes total amount to - $175,000
Premiums paid by Carins husband - $60,000
Carin collected - $17,500 from insurance company
The interest element that would be included in her gross income -
$175,000 - $150,000
= $25,000
She is receiving payments in form of annuity, and the amount that should be included in her gross income in the first year should -
$25,000 / $175,000 x $17,500
= $2500
As it pertains to the diffusion of innovation, if the Early adopters
<span>group is relatively small, the number of people who ultimately adopt the innovation likely will also be small.
Early adopters refers to a group of people that start to use our product as soon as it available. The more early adopters we have, the easier it is for us to take the market share because of the mouth-to mouth advertising.</span>
Answer:
1. Stockholders invested $24,500 cash in the business in exchange for common stock.
Dr Cash 24,500
Cr Common stock 24,500
2. Purchased equipment for $4,500 cash.
Dr Equipment 4,500
Cr Cash 4,500
3. Paid $200 cash for May office rent.
Dr Rent expense 200
Cr Cash 200
4. Paid $600 cash for supplies.
Dr Supplies 600
Cr Cash 600
5. Incurred $350 of advertising costs in the Beacon News on account.
Dr Advertising expense 350
Cr Accounts payable 350
6. Received $4,900 in cash from customers for repair service.
Dr Cash 4,900
Cr Service revenue 4,900
7. Declared and paid a $1,000 cash dividend.
Dr Dividends 1,000
Cr Cash 1,000
