Answer:
The answer is <u>A. The Muffler</u>
Explanation:
The first muffler for cars was designed in 1897.
The function of the car muffler is to slow down the speed of movement of the exhaust gases, which helps to smooth the movements of the engine, reduce the temperature of the gases and reduce the emissions of substances that are harmful to the environment.
Answer:
The correct answer is option (a).
Explanation:
According to the scenario, computation of the given data are as follows:
Allowance method shows that, if account is written off, then Accounts receivable account gets credited and Allowance accounts gets debited.
Here, both accounts are or balance sheet items.
So, it will not affect any expenses account.
The types of quasi-contractual terms with which employees view what they owe their employer and what their employer owes them are referred to as Contractual agreement.
What is Quasi-contract terms?
- When there is a dispute between the parties and there was no initial agreement between them, the court may construct an out-of-order contract. This contract has the obligation to prevent one party from unfairly benefiting at the expense of the other parties. This circumstance is known as a quasi-contract.
- A retroactive agreement between two parties with no prior contractual responsibilities is known as a quasi contract.
- A court enacts it to address a situation where one party gains something at the expense of the other.
- A retroactive agreement between two parties with no prior contractual responsibilities is known as a quasi contract. A court enacts it to address a situation where one party gains something at the expense of the other.
To know more about Quasi-contract visit:
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Answer:
Vince's Vehicle Repairs
The Cost of Sales is:
= $72,000.
Explanation:
a) Data and Calculations:
Turnover = $180,000
Gross profit margin = 60%
Net profit margin = 22%
Gross profit margin = Gross profit/Turnover * 100
60% = Gross Profit/$180,000 * 100
Therefore, the Gross Profit = $180,000 * 60%
Gross Profit = $108,000
Cost of sales = Turnover - Gross profit (100% - 60%)
Cost of sales = $180,000 - $108,000
= $72,000
Alternatively, Cost of Sales:
= $180,000 * (100% - 60%)
= $72,000
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
