Capital gain is a rise in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price. The government encourages investment by setting the capital gains tax rate below the normal income tax rate.
Groceries are still primarily a bricks-and-mortar industry. Bricks-and-mortar refers to the building that the store is housed in, most people can handle their book reading, music listening and banking online these days however, with the exception of ordering groceries online you still need to venture into the store to pick or purchase them.
Answer:
(A)
inventory 8,000 debit
account payable 8,000 credit
to record purchase ofthe merchandise on account
(B)
account payable 8,000 debit
inventory 80 credit
cash 7,920 credit
to record payment within discount period
Explanation:
(A)
The company will increase his inventory by the nominal, and declare the account payable (liability) with his supplier.
(B)
We write-off the account payable.
We record the cash paid.
discount 2% x 8,000 = 80
8,000 - 80 = 7,920 cash disbursement
The difference decrease the inventory because, we are on perpetual inventory, <u>we adjust directly to inventory,</u> we don't use a discount account.
Answer:
7! = 5040
Explanation:
Given that Number of campus buildings = 7
To obtain the number of different possible tours, obtain the factorial of 7
7! = 7 * 6 * 5 * 4 * 3 * 2 * 1
7! = 5040
Answer:
the fixed costs for Rackit Corporation is $161,500.
Explanation:
Cash Flow DOL = 1 + Fixed Cost / EBITDA
2.7 = 1 + Fixed Cost / 95,000
1.7 = Fixed Cost / 95,000
Fixed Cost = $161,500
Therefore, the fixed costs for Rackit Corporation is $161,500.
