Answer:
false
Explanation:
A statement of cash flows on tracks Cash, not credit, expenses, or any of that jazz. There are other financial reports to account for them.
Answer and Explanation:
The journal entries are shown below:
On June 1
Anthony Trucking Company $25,000
To Merchandise $25,000
(Being the sale of merchandise is recorded)
On July 15
Cash Dr $6,000
To Account Receivable $6,000
(Being the cash received is recorded)
On September 5
Bad debt Expense $18,000
To Account Receivable Expense $18,000
(Being the bad debt expense is recorded)
On March 5
Cash $18,000
To Account Receivable $18,000
(Being the cash received is recorded)
Only these journal entries are required
Answer:
3. one case of 24 sodas @ $ 18.50
Explanation:
The question requires that the hosts need to have enough to have two sodas each. The number of guests being 10, the requirement is to have 20 sodas.
Now comparing the various pack sizes available:
1. 20 sodas $ 1.50 per bottle, Total cost $ 30, per serving cost $1.50
2. 4 6 packs @ $ 5 each. Total cost $20, Per serving cost $0.83
3. 24 soda case @ $18.5. Total cost $ 18.50, Per Serving costs $ 0.77
4, 2 x 24 soda cases @ 18.50. Total Cost $ 37.00 Per serving costs $ 0.77
The per serving costs are the same in 3 & 4 above, however, since the requirement is to have 20 sodas and the overall costs as well as the per serving costs is the best in option 3, this is the preferred option.
Answer:
Property tax is progressive
Sales Tax is regressive
A progressive tax is one that takes a higher proportion of revenue from high-income people than it does from low-income people. A regressive tax is one that takes a higher percentage of low-income people's income than it does from high-income people.
Explanation:
I think that it might be C
