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valentinak56 [21]
3 years ago
12

When customers purchase cable​ tv, the vendor usually uses what form of pricing by offering the buyer his choice of three differ

ent packages of many​ channels, perhaps​ 50, 100, or 125​ channels, each package at a different​ price?
Business
1 answer:
Lunna [17]3 years ago
5 0
The appropriate response is item package evaluating it is when organizations offer a bundle or set of merchandise or administrations at a lower cost than they would charge if the client purchased every one of them independently. Regular illustrations incorporate alternative bundles on new autos, esteem suppers at eateries and digital TV channel arrange.
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During December, Far West Services makes a $3,200 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
Dima020 [189]

Answer:

Dr Accounts receivable 3,472

Cr Sales 3,20

Cr Sales tax payable 272

Explanation:

Since $3,200 is the credit sale and the state sales tax rate is 6% while the local sales tax rate is 2.5% which means we have to calculate for 6% of 3,200 as well as 2.5% of 3,200 which is: Sales tax payable

6%×3,200=192

2.5%×3,200=80

192+80= 272

The last step is to Debit Accounts receivable with 3,472 (3,200+272) , Credit Sales 3,200 and Credit Sales tax payable with 272

Far West Services Journal entry

Dr Accounts receivable 3,472

(3,200+272)

Cr Sales 3,200

Cr Sales tax payable 272

8 0
4 years ago
What is a budget for major investment expenditures called?
vlabodo [156]
It is a Capital Budget, because major investment usually involve some form of capital, such as money or property.  i hope this helps.
7 0
3 years ago
Read 2 more answers
In order to use moving averages to forecast a time series, the first step is to select the order k, the number of time series va
omeli [17]
The answer is b) false
6 0
3 years ago
Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts
scoundrel [369]

Answer:

The amount of uncollectible accounts is calculated as follows:

Amount of uncollectible accounts to be adjusted = 6% * Account receivables

= 6% * $138,500

=$8,310

Therefore, amount of uncollectible accounts is $8,310.

Bad debt Expenses = Opening balance of allowance for doubtful account (Credit balance) - Uncollectible account

Bad debt Expenses = $8,310 - $1,005

Bad debt Expenses = $7,305

The journal entry to record allowance for bad debts is as follows:

Account Titles and Explanation                  Debit         Credit

Bad debt Expenses                                       $7,305

Allowance for doubtful account                                      $7,305

(To record adjusting entry for bad debt)

8 0
3 years ago
Using the accounting equation to analyze transactionsElaine’s Inflatables earns service revenue by providing party planning serv
xenn [34]

Answer:

Elaine's Inflatables

The effects of the business transactions on the accounting equation for Elaine’s Inflatable.

a. Increase asset,(Cash); Increase Equity (Common Stock) by $10,000

b. Increase asset, (Equipment); Increase Liabilities (Accounts Payable) $5,000

c. Increase asset, (Supplies); Decrease asset, (Cash) $400

d. Increase asset, (Cash); Increase Equity (Retained Earnings) $2,500

e. Decrease asset, (Cash); Decrease Equity (Retained Earnings) $400

f. Decrease asset, (Cash); Decrease Equity (Retained Earnings) $1,000

g. Increase asset, (Accounts Receivable); Increase Equity (Retained Earnings) $1,000

h. Decrease asset, (Cash); Decrease Equity (Retained Earnings) $1,000

i. Increase Liabilities (Utilities Payable); Decrease Equity (Retained Earnings) $250

Explanation:

To explain the accounting equation in action, Elaine's Inflatable business transactions will always show the effects on the accounting equation.  This equation states that Assets are always equal to Liabilities Plus Equity with every given transaction.  This equation implies that two or more accounts are impacted by each transaction and the effect is always to keep the accounting equation in balance.  For example, the payment of rent of $1,000 decreases the asset (Cash) and decreases the equity (Retained Earnings) side of the accounting equation by the same amount.

6 0
3 years ago
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