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andreev551 [17]
3 years ago
6

The Giles Agency offers a 8% trade discount when providing advertising services of $1,000 or more to its customers. Audrey’s Ant

iques decides to purchase advertising services of $3,300 (not including the trade discount), while Michael’s Motors purchases only $680 of advertising. Both services are provided on account.
Record both transactions for Giles Agency, accounting for any trade discounts.
Business
1 answer:
zalisa [80]3 years ago
7 0

Answer:

Accounts receivable - Audrey's Antiques      $3036 Dr

              Service Revenue                                     $3036 Cr    

Accounts Receivable - Michael's Motors      $680

               Service Revenue                                     $680

Explanation:

Both the services are provided on account which means that the services are provided on credit and cash against these services are yet to be received. Thus we debit the accounts payable that will be creadted because of these services and credit the service revenue.

The company gives 8% trade discount for sevices above $1000 and as Audrey's Antiques receives services of $3300 it will receive the trade discount while Michale's motors will not receive it.

The trade discount is provided on the list price and it is not recorded in the books of accounts. Thus the service provided to Audrey's will be recorded at 3300 - (3300 * 0.08) = $3036.

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Answer:

Explanation:

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Since B is the predecessor of C.

Project completion time for each run will be calculated as Maximum (Duration of A, Duration of B +Duration of C).

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Run = R

Duration of A  = DA

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Project Completion time = PT

<u>R       DA          DB                        DC               PT</u>

1       51            48                        17             48 + 17 = 65

2      60          48                        19             48 + 19 = 67  

4      31           48                       22              48 + 22 = 70

5      30         31                         14              31 + 14 = 45

6      41           16                       17                 41

7     44            12                       6                 44

8     44            12                      10                44

9     45           43                     9              43 + 9 = 52

10     60          41                     10                60

                                                                <u> Total = 546</u>

Total Project completion time in 10 Stimulations = 546

Average project Completion time = 546/10 = 54.6

Therefore, average Project completion time is between 53 and 56 days.

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3 years ago
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Answer:

Withheld from employee pay.

Explanation:

Your paycheck stub should show the following withholdings:

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6 0
3 years ago
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An unexpected frost in the orange groves of California would causea. a decrease in the supply of orange juice, increasing the eq
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Answer:

The correct answer is option a.

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3 years ago
Marwick Corporation issues 15%, 5 year bonds with a par value of $1,070,000 and semiannual interest payments. On the issue date,
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Answer:

The bond's issue (selling) price = $1,146,890.2

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During the 5 years, there are 10 equal periodic coupon payments that will be made. In each  year, the total coupon paid will be $1,070,000*0.15=$160,500 and this payment will be split into two equal payments equal to  \frac{160,500}{2}=$80,250. this stream of cashflows is an ordinary annuity

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The  PV of the cashflows = PV of the coupon payments + PV of the par value of the bond

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=$80,250*7.1888+$1,070,000*0.5327 = $1,146,890.2

7 0
3 years ago
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