Answer:
The correct answer is option (A).
Explanation:
According to the scenario, the given data are as follows:
Television cost = $100
Tax imposed = $5
So, we can calculate the minimum willingness to pay to buy television can be concluded by taking following observation:
- As the minimum amount of the television without taxes is $100 So, the minimum amount we will take is $100.
- While after new excise tax law the maximum amount that should be payable to buy television is ($100 + $5 = $105) $105. So, the maximum amount we will take is $105.
Hence, the amount that should be pay to buy the television should be between $100 and $105.
Answer:
Construction firms have listed highest number of jobs in last several months.
Explanation:
Construction companies have listed jobs and hired employees on the highest number in past several months. This is because of demand for development work and support from government to the construction companies to continue the progress of the country. The construction companies have projected largest number of jobs whether it is labor or tech staff there is vacancy for everyone.
Answer:
The journal entries are as follows:
(i) On December 1,
Merchandise inventory A/c Dr. $5,700
To Account payable $5,700
(To record the merchandise purchase on account)
(ii) On December 6,
Account payable A/c Dr. $5,700
To cash $5,586
To Merchandise inventory $114
(To record the payment of merchandise within the discount period)
Workings:
Cash = 98% × $5,700
= $5,586
Answer:
Quantity supplied and demand.
Answer:
TRUE
Explanation:
This is known as historical cost, a common term in generally accepted accounting principles (GAAP). It's the original cost recorded in the balance sheet when an asset acquisition is recorded. It takes into consideration all of the items that can be attributed to its purchase and putting the asset to use. These items include the purchase price and such factors as commissions, transportation, appraisals, warranties, installation, and testing. For example, if a company buy a computer system, the original cost can include delivery charges, sales taxes, and setup fees.