Answer:
$2,600 in the Accounts Receivable Dr./Sales Cr. column and $1,700 in the Cost of Goods Sold Dr./Inventory Cr. column.
Explanation:
If we assume that Maxie's Game World uses a perpetual inventory system, the appropriate journal entries should be:
Date XXX, merchandise sold on credit to client YYY, terms 1/10, n/30
Dr Accounts receivable 2,600
Cr Sales revenue 2,600
Dr Cost of goods sold 1,700
Cr Merchandise inventory 1,700
Answer:
hope it's help you ok have a good day
Answer:1. The higher before tax real gain is for Steve for $2000 i.e (32,000- 30,000) while Stephanie makes $1800(6% of $30,000)
2. The higher after tax real gain is for Stephanie losing 35% of her income
which reduce her income to $1170 while Steve loss 50% of his income which reduce to $1000.
Explanation
The inflation rate is not considered in the calculation because it's constant for both parties.
Solution:
Slope = y2 - y1 / x2 -x1
slope = 81 - 111 / $2.00 - $1.25
slope = -30/$0.75
So every $0.75 increase causes a decrease of 30 sales.
So the rise over run or slope of the line is -30/0.75 = -40/1
Start forming the equation:
y = mx + b
y = -40x + b
Substitute one of the points to find the y-intercept:
81 = -40(2) + b
Isolate for the y-intercept:
b = 161
So,
y = -40x + 161
Answer:
e. Stocks can have negative growth rates.
Explanation:
According to the given options, the option e is correct as the growth rate could never be zero and positive as it is not necessary that the growth rate should be same or constant
But in the other cases the things can be changed like the stock could assigned to more than one dividend growth rate, etc
Therefore the option e is correct
