Answer: $150
Explanation:
Based on the information given in the question, the journal entry provided will be:
Debit Customer $1500
Credit Account Payable (Apple) $1350
Credit Commission income/Revenue $150
Therefore, the revenue that Amazon will recognize for the sale of one MacBook Pro is $150.
Answer:
D)-26%
Explanation:
The computation of the realized return on your investment is shown below:
= (Rate of return × total investment) - (interest paid)
= (-10% × $20,000) - (6% × $1,000)
= (-$2000 - $600)
= -$2,600
Now the Rate of return is
=(-$2,600 ÷ $10,000)
= -26%
hence, the realized return on your investment is -26%
Therefore the correct option is D.
Answer:The price will also increase
Explanation:According to the law of demand and supply, demand has a positive relationship with price, which means the higher the demand, the higher the price of the same commodity
Answer:
DR - Interest expense - $4,400
Explanation:
DR - Interest expense - $4,400
DR - Notes payable - $10,808
CR - Bank/Cash - $15,208
