Inflation is an increase in prices so the answer would be more
Answer:
Dr. Account Payable $5,700
Cr. Discount Income $114
Cr. Cash $5,586
Explanation:
Term 2/10, net/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after purchase and net credit period of 30 days.
According to given data
Purchases = $5,700
As the payment is made within discount period, so discount will be availed
Discount = $5,700 x 2% = $114
Amount to be paid = $5,700 - $114 = $5,586
Answer:
the cost for the running the boarding school for 600 students is $61000
Explanation:
Let x be the constant cost and y be the variable cost . then according to the given condition
total cost=<em><u> x +25y= $3500-------1</u></em>
<u><em>x +50y= $6000----------2</em></u>
Subtracting 1 from 25y= 2500
<u><em>y= 2500/25= $100-----------3</em></u>
<em><u>Putting the value of y from 3 in 1 </u></em>
x+ 25(100)= 3500
x+ 2500= 3500
<u><em>x= 1000$---------4</em></u>
<u><em>Putting the value of y from 3 in 2</em></u>
x+ 50(100)= 6000
x+ 5000=6000
<u><em>x= 1000$----------5</em></u>
<u><em>Putting the values of x and y in 1 for 600 students</em></u>
1000+ 600(100) =1000+ 60000= $61000
Answer:
Collectivism
Explanation:
In China is found a highly collectivist culture where individual members of the society act in the interest of the groups and not to satisfy their own personal interests. The unity established by this culture helps them collaborate effectively in large –scale projects and contribute their best towards attaining a better outcome.
The collectivism practiced in china is different from what is seen in most western parts of the world where individuals, rather than groups, are at the center of activities.
Answer:
The customer's tax basis is:
$20,000.
Explanation:
The non-recourse notes of $20,000 do not provide basis for the customer's tax. Since the partnership cannot recover beyond the secured property, a non-recourse note is not a qualified basis. IRS Section 752 rules apply to non-recourse liabilities. A non-recourse note provides the basis for partnership distributions but generally do not provide basis for at-risk rules.
