D because your exchanging good for an equal value
Answer:
The average amount charged to each customer is $81.25.
Explanation:
The sales revenue is given at $13,000.
The variable cost is $7,000.
The contribution margin is $6,000.
The number of customers is 160.
The average amount charged to each customer
= 
= 
= $81.25
No!
It's biased. Grumpy people have a right to have their opinions known just as well as cheerful people. Grumpy looks are momentary. They can be brought about (especially at a University) by math problems that are illusive, by girl friends (or boy friends), that are illusive, by something for lunch that was barely edible, by any number of things.
She should ask people on some sort of other scale that is more random.
Answer:
The price should be recorded as $167,500
Explanation:
As per the accounting principles, assets should be recorded at the price they were paid for. In case of a purchase, the accountant should record in the books the amount the company paid to acquire the asset. For sales, the amount received from the buyer is the figure to be recorded in the books.
For Reliable Repair Service, there were different prices quoted, but the buyer paid $167,500. It means the company sold the land for $165,000. This is the amount that should be recorded in the books.
Answer and Explanation:
The computation is shown below:
Amount Uncollectible is
= $128,500 × 6%
= $7,710
Now the bad debt is
= $7,710 - $905
= $7,105
The adjsuting entry would be
Bad Debt A/c Dr $7,105
To Allowance for Doubtful Debts $7,105
(being bad debt expense is recorded)
here bad debt expense is debited as it increased the expenses and credited the allowance as it decreased the assets. Also the expenses and assets contains normal debit balance
