Answer:
Entries are given
Explanation:
We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.
DEBIT CREDIT
April 01
Account Receivable $3,800
Sales $3,800
Apr - 01
Cost of Goods Sold $2,280
Merchandise $2,280
Apr - 04
Sales Return $460
Account Receivable $460
Apr - 04
Merchandise $276
Cost of Goods Sold $276
Apr - 08
Account Receivable $1,400
Sales $1,400
Apr - 08
Cost of Goods Sold $980
Merchandise $980
Apr - 11
Cash $3,340
Account Receivable $3,340
Answer:
13,6%
Explanation:
The first step to calculate the annual interest rate is to calculate the total yearly interest amount you will pay.
So, you'll pay $340 each quarter and, of course, there are 4 quarters in a year,... so a total of $1,360 (4 x $340) for the year.
Then you need to calculate the ratio of that interest amount compared to the loan amount in order to get the yearly interest
The effective annual rate on the load is then of 13,6%.
Answer:
$20,000
Explanation:
Calculation for self-employment tax payment
Using this formula
Self-employment tax=Gross income-Deductible expenses paid in
Let plug in the formula
Self-employment tax= $26,000-$6,000
Self-employment tax=$20,000
Therefore She must pay on self-employment tax on:$20,000
First what is the product (fun) aimed at children the "mom I want this" or healthy the "I want this for my kid" after you know your market advertise for such ... for example the healthy kind should be promoting whole grain and less sugar but taste great... that should drove up sales
Answer:
The answer is $1,701 billion
Explanation:
Gross Domestic Product (GDP) is the cumulative (total) market value of the final outputs (goods and services) produced within an economy(country) during a given period of time usually a year.
GDP = C + I + G + (X - M)
where C - expenditure by households or consumers
I - investments by businesses or firms
G - expenditure from the government
X - exports from the country
M - imports into the country
Total consumers' expenditure is:
durable goods = $200 billion;
nondurable goods = $350 billion; services = $600 billion
Total. $1,150 billion
Total business investment is $200billion
Therefore, GDP is
$1,150 + $200 + $400 + ($30 - $79)
=$1750 - $49
= $1,701 billion
