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frozen [14]
3 years ago
15

Merry Maidens Cleaning generally charges $120 for a detailed cleaning of a normal-size home. However, to generate additional bus

iness, Merry Maidens is offering a new-customer discount of 10%. On May 1, Ms. E. Pearson has Merry Maidens clean her house and pays cash equal to the discounted price.
Required:

Record the revenue earned by Merry Maidens Cleaning on May 1.
Business
1 answer:
faust18 [17]3 years ago
8 0

Answer:

New price = $108

Explanation:

Given:

Old price for cleaning = $120

New discount rate = 10% = 10 / 100 = 0.1

Computation of new price for cleaning:

New price = Old price for cleaning (1-New discount rate)

New price = 120 (1-0.1)

New price = 120 (1-0.1)

New price = $108

                           Journal entry

Date    Account Title and Explanation   Debit   Credit

        Cash               A/c Dr.                         $108

         Service Revenue  A/c                           $108

                 (Being amount received from cleaning)

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Answer:

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Answer:

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In this case your situation has two sides. By one side, watching an extra episode is good and gives you utility, buy you also need to study and not tu study gives you disutilty (or it's a cost). So, you will watch your episode if it gives you more marginal benefit than the cost it gives you.

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Answer:

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