Not Competitive b/c not a standardized product.
The differing location, size, and quality makes each college not standardized.
Hope this helps!
Answer:
Please refer the journal entries below
Explanation:
Trade Discount:
There is no accounting entry for the trade discount, trade discount is simply deducted from the total amount and the entry is passed after incorporating the trade discount
1) Audrey’s Antiques
Since Audrey’s Antiques have taken the services amounting more than $1,000, they are eligible for the trade discount of 12% i.e. ( 12% of $1,900) = $228, hence Income will be recorded at ($1,900 - $228) = $ 1,672
Advertising Fee Receivable Debit $ 1,672
Advertising Fee Income Credit $ 1,672
2) Michael’s Motors
Since Michael’s Motors have taken the services amounting less than $1,000, they are not eligible for the trade discount of 12%
Advertising Fee Receivable Debit $ 540
Advertising Fee Income Credit $ 540
Answer:
$38, 288.718
Explanation:
The amount to be withdrawn at the end of each year, for 30 years
The amount of $500,000 represents the present value while yearly withdraws the annuities.
We use a revised formula for calculating annuities.
Applicable formula is
P = PV × r/( 1 − (1+r)−n
P = annual withdrawals
PV = $500,000
r = 6.5%
n 30
P = 500,000 x( 0.065/ ( 1- (1 + 0.065) -30)}
p = 500,000 x (0.065/ (1-1+.065)-30)
p= 500,000 x (0.065 / 1-0.1511860661)
P =500,000 x (0.065 /0.848814)
P= 500,000 x 0.076577436
Yearly withdrawals = $38, 288.718
Answer: What type of nursing?
Answer:
an occupation undertaken for a significant period of a person's life and with opportunities for progress.
