Answer:
40%
Explanation: 720,000/1,800,000 = .4 x 100 = 40%
Answer:
a. $25
Explanation:
According to the given situation, the computation of deadweight loss of the tax is shown below:-
Deadweight Loss = 1 ÷ 2 × 1 × ($350 - $300) = 1 ÷ 2 × ($50)
Or, Deadweight Loss = 1 ÷ 2 × ($50)
Or, Deadweight Loss = $25
Therefore the correct option is a. $25
We simply considered the above values so that the deadweight loss of the ta could come
Answer:
Explanation:
The journal entry is shown below:
Interest expense A/c Dr $28,000
Mortgage payable A/c $12,000
To Cash A/c $40,000
(Being the installment is paid for cash and the remaining balance is debited to the interest expense account)
Simply we debited the interest expense and mortgage payable account and credited the cash account as cash is paid
Answer:
A. Body Language should be your answer
