Answer: D
Explanation:
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Answer: See explanation
Explanation:
Rhe journal entry will be recorded as:
a. March 2:
Debit: Accounts Receivable = 928800
Credit: Sales = 928800
Debit: Cost of Goods Sold = 511500
Credit: Merchandise Inventory = 511500
b. March 6:
Debit: Sales Returns and Allowances = 108400
Credit: Accounts Receivable = 108400
Debit: Merchandise Inventory = 60800
Credit: Cost of Goods Sold = 60800
c. March 12:
Debit: Cash = 803992
Debit: Sales discount = 820400 × 2% = 16408
Credit: Account receivable = 820400
To know if it is better to rent a car or buy it according to a person's income, it is necessary to evaluate different factors.
The first factor that a person must take into account to compare whether it is better to buy a car or rent it is the income that he receives each month. For example:
- If a person receives $ 800 a month, his income is low, making it impossible for him to buy or rent a car for a long time.
- On the other hand, if a person receives $ 4,000 a month, he has the facility to buy or rent a car according to her/his preference. Some people prefer to rent a car because they do not have to spend money on repairs and other expenses, while other people prefer to buy it to have it for a long time and have it available all the time.
This situation varies according to other factors such as the purchase value of the car, the monthly rental value, the value of the repairs, the value of the fuel, among others.
Note: This question is incomplete because it does not have the complete information.
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Answer: Limited partner.
Explanation:
The limited or silent partner is part of the ownership of a partnership business that only invests into a business but is not involved in the daily business runnings. The partnership owner in charge of the daily business runnings is the active partner.
