Answer:
Explanation:
1	
Dr Accounts Receivable  74600                    
    Cr Sales Revenue  	74600                  
Dr Cost of Goods Sold  	37900                    
     Cr  Inventory    	37900                  
2	
Dr Freight Out  310                    
    Cr Cash     310                  
3	
Dr Sales Revenue  	3880                    
    Cr Accounts Receivable  	3880
Dr Inventory    1910                    
  Cr Cost of Goods Sold    1910                  
4	
Dr Sales Revenue  	1160                    
    Cr Accounts Receivable    1160                  
5	
Dr Cash  	53300                    
    Cr Accounts Receivable A/c  	53300                  
 
        
             
        
        
        
Answer:
Instructions are below.
Explanation:
Giving the following information:
Sales= 8,000 units
Total cost= $612,500. 
Selling price= $100. 
Selling costs: 
commissions equal to 5% of the sales 
other selling expense of $45,000. 
Administrative expense totaled $47,500
<u>Income statement:</u>
Sales revenue= (8,000*100)= 800,000 100%
COGS= (612,500)  76.56%
Gross profit= 187,500 
commissions= 0.05*800,000= (40,000) 5% 
other selling expense= (45,000) 5.63% 
Administrative expense= (47,500) 5.94%
Net operating income= 55,000 6.87%
 
        
             
        
        
        
Answer:
b) be more inelastic than supply curves that apply to longer periods of time.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply. In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.
Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.
An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.
In the short run or in shorter time periods supply curves tend to be more inelastic than supply curves that apply to longer periods of time. 
This ultimately implies that, a rightward shift in the aggregate supply (AS) curve causes output to increase and result in a price fall (lower price), in the short run.
However, in the long-run or in longer time periods, supply curves tend to be fairly elastic than supply curves that apply to shorter periods of time. 
 
        
             
        
        
        
Help earning more money than you currently make. A budget does not do that for you, that is dependent upon your job.
        
                    
             
        
        
        
The present value of money, P, and the annuity can be related through the equation,
 
     P = A x ((1 - (1 + r)⁻ⁿ) / r)
where A is the periodic payment, r is the interest rate, and n is the number of years. Substituting the known values to the equation,
   P = (12,000) x ((1 - (1 + 0.08)⁻²⁰) / 0.08)
    P = $117,817.77
<em>ANSWER: $117,817.77</em>