Answer:
For seller = $196.44
For buyer = $4583.56
Explanation:
Data provided in the question:
Taxes for the year = $4,780
Date of closing = January 16
since the day of closing belongs to the buyer therefore the seller owns the tax for 15 days only
Per day tax = [ Taxes for the year ] ÷ 365
= $4,780 ÷ 365
= $13.095 per day
Hence,
Proration will be
for seller = $13.095 per day × 15 days
= $196.44
For buyer = $4,780 - $196.44
= $4583.56
Answer:
A. $153,000
Explanation:
The Journal Entry is shown below:-
Property Dr, $1,173,000
To Treasure stock $1,020,000
To additional paid-in-capital $153,000
The computation is given below:-
For Property
= 25,500 × $46
= $1,173,000
For Treasure stock
= 25,500 × $40
= $1,020,000
For Additional paid-in-capital
= $1,173,000 - $1,020,000
= $153,000
Answer: Demand is elastic
Explanation:
Total revenue from the sale of a good is negatively related to the price when demand for the good is elastic and positively related to the price when demand for the good is inelastic.
So, as increase in price by 48% decreases total revenue by 61%, therefore the demand for Ruko, a device used to stream movies at home is elastic.
Answer:Drop-shipper
Explanation:Dropshipping is an arrangement between a business and the manufacturer or distributor of a product the business wishes to sell in which the manufacturer or distributor--and not the business--ships the product to the business's customers.
Dropshipping is a service offered by (some, not all) Wholesalers. When you use a Wholesaler who offers Drop Shipping you don't have to worry about stocking or shipping products. Instead, when you get an order from a customer, you contact your wholesaler and they ship it to your customer for you.
