Answer:
Explanation:
1.August 6.
Account Receivable-Ds Unlimited (64*170) Dr.$10,880
Sales Revenue Cr.$10,880
Cost of Goods Sold ($150*64) Dr.$9,600
Inventory Cr.$9,600
2.August 10.
Inventory/Sales Revenue (4*170) Dr.$680
Account Receivable-Ds Unlimited Cr.$680
3. August 14.
Cash (10,880-680)*99% Dr.$10,098
Cash Discount Dr.$ 102
Accounts Receivable Cr.$ 10,200
Note:
The gross method of discount is used which means at time of receipt, discount impact is taken. In this question 1/10 means 1% discount allowed if payment made within 10 days of sale. This means DS unlimited qualifies for cash discount as payment is received on 14 August
Answer: 1.95%
Explanation:
Your after-tax return can be calculated by the formula;
= return * ( 1 - tax rate)
= 2.6% * ( 1 - 25%)
= 1.95%
Answer:
Must wait for 20 years
Explanation:
Exclusive rights granted for an invention is patent. The law protects the invention from commercial exploitation by others apart from the inventor. The protection is time-limited.
Patents last for 20 years. Before the expiry of the 20 years, any attempts to produce goods under patent protection is illegal. A person wishing to manufacture and sell goods under patent must wait for its expiry.
Answer:
A. One deals with the creation of an item; the other deals with the use of an item.
Explanation:
Production means "To make" and consumption is putting to use of something.
This isn’t considered a smart goal because it’s not attainable (C) since you can’t make 10,000 a month at a fast food restaurant, even more so when you’re working first time. So the answer is C