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Eddi Din [679]
3 years ago
9

You got a new credit card and spent $200 on the card last month. You forgot to make the payment on time and were assessed a $40

late fee. What is the late fee as a percentage of your balance?
a) 20%
b) 25%
c) 40%
d) 50%
Business
2 answers:
Nat2105 [25]3 years ago
6 0
The answer is..............A-20%
anzhelika [568]3 years ago
5 0
The answer is A.
10% of 100 = $10
20% of 100 = $20

So:
10% of 200 = $20
20% of 200 = $40
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Eugene Co. has inventory it purchased for $6,000. It sells the inventory to a customer for $10,000, including installation. Inst
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Answer:

The necessary entries would be:

Dr Accounts receivable             $11,000

Cr Sales revenue                                     $10,000

Cr Deferred revenue                                $,1000

Explanation:

Revenue should be recognized in the books of account where the selling party has performed its obligation of delivering goods or rendering services as contained in the sales contract.

This contract contains provision of goods -inventory that have been delivered and rendering of services-installation that is in progress, as a result the revenue relating to the former is due to be recognized now while the  later would be recognized when is installation is concluded.

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3 years ago
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Answer:

$160,000

Explanation:

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Using this formula

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3 years ago
In response to a shortage caused by the imposition of a binding price ceiling on a market,
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In response to a shortage caused by the imposition of a binding price ceiling on a market,

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A binding price ceiling is when the government or an agency of the government sets the maximum price of a good or service below the equilibrium price.

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