Answer:
$2,000
Explanation:
Use the format
Jansen Company’s
Bank reconciliation as of May 31, 2013.
Balance as per Bank Statement
Add Outstanding Checks
Less Unpresented Checks
Balance as per Cash Book
In electronics Store there is an electronics items such as wire,etc
N=log((1−14,880×0.0106÷660)^(−1))÷log(1+0.0106)=25.9 months
Answer:
$4000
Explanation:
The total sales would the sum of credit sales and sales on cash basis,in effect total sales is $200,000($100,000+$100,000).
The estimate for allowance for uncollectible debt is 2% of total sales,which is $4000 (2%*$200,0000)
Hence,the correct answer in this case is $4000 and it implies that Sully Corporation intends to receive $96,000 in cash out of the debt to its by customers($100,000-$4,000)
Answer: Option B
Explanation: In simple words, price elasticity refers to the degree of change that a commodity experiences due to change in its price.
In case of coca- cola, the price elasticity will be high as it has a close substitute available in the market named Pepsi. Therefore, if coca-coal increases its prices,its consumers would shift their demand to Pepsi.
Thus,from the above we can conclude that the correct option is B.
