Answer: $780,000
Explanation:
The Paid-In Capital refers to the amount of Equity in the company which can also be said to be the amount of money raised from share sales;
= (45,000 * 10) + (30,000 * 11)
= $780,000
Answer:
C. Debit to cash
D. Credit to notes receivable
Explanation:
When a company received money for previous sales, the following entry is required -
Debit Cash XXXX
Credit Accounts/Notes receivable XXXX
In that case, as Davis sold Weber equipment with an agreement of notes because of long-term payment, they treated the sale as a note receivable. Whenever the subsequent payment occurred, the entry to record the journal -
Debit to cash and Credit to notes receivable. Therefore, options C and D are both correct.
Answer:
low ball
Explanation:
From the question, we are informed about A dealer who persuades a customer to buy a new car by reducing the price to well below that of his competitors. Once the customer has agreed to buy the car, the terms of the sale are shifted by lowering the value of the trade-in and requiring the purchase of expensive extra equipment. Now the car costs well above the current market rate. In this case, This is an example of the low ball procedure. The low-balling procedure can be regarded as lpersuasion tactic whereby the seller offer will give an initial offer of goods/ service at a lower price than the expected price, so that the buyer can commit, after the commitment from buyer, the price will be suddenly increased. This technique is famous among salesmen as well as advertisers.
Answer:
105%.
Explanation:
Price index = (price of Market Basket of the year of interest / price of the Market Basket of the base year) × 100
Given,
Cost of basket of goods in base year = $200
Cost of basket of goods in year of interest = $210
Price index in year of interest (second year) = (210/200) × 100
= 105%
The price index in the second year is 105%.
Answer:
The average processing time per income tax form is more than 3 but less than or equal to 4 days.
Explanation:
The average processing time per income tax form is an average number of days it takes to process an income tax form.
WIP = R x T
Where: WIP = Work in progress; R = Rate; and T = Time
WIP = R X T or 64
WIP = 20T = 64
T = 64 / 20 = 3.2 days
Therefore, the average processing time per income tax form is more than 3 but less than or equal to 4 days.
