Answer:
See Explanation section
Explanation:
We know,
Profit = Sales - Expenses
To find the total seminar profit, we have to determine the number of newly opened accounts. As it is binomial distribution, we have to make an equation to reach out the seminar profit -
Therefore, the profit equation = (new opened account × Sales commission) - Fixed seminar costs
Since we do not know how many attended open account, the profit equation of seminar = (New open account × $5,300) - $3,700
The time value of money is the idea that an amount of money in the present is more valuable and is worth more than the amount of money in the future. Two things you'd need to consider when making this type of deal is putting yourself at risk of not getting the money and putting your trust into the person who owns you the money. You would need to consider that putting yourself in that position is your decision, no one elses. Ask yourself, "Can I trust this person?" or, "What if I don't get as much money as they promised?"
I hope this helps!
Answer:
D) Debit Accounts Payable $1500; Credit Merchandise Inventory $1500
Explanation:
The journal entry to record the merchandise return is shown below:
Account payable A/c Dr $1,500
To Merchandise inventory A/c $1,500
(Being returned inventory is recorded)
For recording the returned inventory we debited the account payable and credited the merchandise inventory account so that the proper posting could be done
Quebec could not legally secede.
