264.91 times .79 is 209.2789
Subtract 209.2789 from 264.91 is 55.6311
The sale price is $55.63
Answer:
<u>The correct answer is B. Accounts payable for US$ 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>
Answer:
study :)
Step-by-step explanation:
Answer:
yes, they are parallel lines in #23
Step-by-step explanation:
the slope of both lines is -1
Answer:
-1.5
Step-by-step explanation:
The distance between S and T is
4 - -7
4+7 = 11
Divide this in half to find the midpoint
11/2 = 5.5
Add this to point S to get the point itself
-7 + 5.5 = -1.5
