Answer:
Year 1 : $20000
Year 2 : $460000
Explanation:
Year 1 calculation:
120000-20000/50000*10000 =$20000
Year 2 calculation:
120000-20000/50000*23000=$46000
When deciding what price to charge consumers, the monopolist may choose to charge them different prices based on the customers income level.
Given that monopolist chooses different prices from different customers.
We are required to give the basis on which the monopolist may charge different prices from different customers.
Monopoly is a situation in which the producer or seller charges comparatively high prices from customers.
So, the monopolist may choose to charge the different prices from different customers based on the income level of customers.
Hence when deciding what price to charge consumers, the monopolist may choose to charge them different prices based on the customers income level.
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Answer:
Cash at the end of June 22000
Explanation:
Invested 85000
Purchase Building -43000
Inventory -24000
Services 15000
Purchase supplies -7000
Utilities -4000
Cash at the end of June 22000
Answer:
They recognize the lifetime value of customers.
In order to close the salaries account you need to credit the account for what the balance is, and then debit retained earnings for the same amount. This will bring the salaries account to zero for the next account cycle and record the expense in retained earnings.
The entry will be a debit to Retained Earnings for $8,000 and a credit to Salaries Expense for $8,000.
