Answer:
Item Assets Liabilities Stockholders’ Paid-in Retained Net
Equity Capital Earnings Income
1. Increase No effect Increase No effect Increase Increase
2. No effect Increase Decrease No effect Decrease No effect
3. No effect No effect No effect No effect No effect No effect
4. No effect No effect No effect No effect No effect No effect
5. Decrease No effect Decrease No effect Decrease Decrease
6. Decrease Decrease No effect No effect No effect No effect
7. No effect Increase Decrease No effect Decrease Decrease
8. No effect No effect No effect Decrease Decrease No effect
9. No effect No effect No effect No effect No effect No effect
The ramen noodles that the college students have brought is
considered to be a rivalrous type of good in which is at the excludable part.
This is where the clothing, cars, parking space and even private goods or foods
falls under as ramen noodles is considered to be a food.
Answer:
Debit to sales discounts for $100
Explanation:
Please see journal entry to record the sales below;
a. Dr accounts receivable $5,00
To sales revenue account $5,000
(Being merchandise that is sold on credit basis)
Suppose payment is made within 10 days, the journal entry will be;
Dr Cash account $4,900
Sales discount account $100
(5,000 × 2%)
To accounts receivable $5,000
(Being cash that is received)
Answer:
Selling price would the store set for the item 500
Explanation:
SELLING PRICE= 100% 500
COST= 60% <u>300 </u>
MARKUP= <u>40%</u> 200
% Cost 60% 300 Cost
%Selling price 100% x
X=selling price
X=100%*300/60%
X=500
I think reading panel is the correct option
Hope this helps
-AaronWiseIsBae