Answer: 22,000.
Explanation: 105,000-83,000 Is 22,000
Answer:
The social grants that were awarded by the federal government during the coronavirus lockdown had a very positive impact on the people who lost their jobs during this pandemic.
Thus, the extraordinary income that these people received through checks issued directly by the federal government helped thousands and thousands of American families not fall into poverty, and could survive while keeping consumption and the economy active.
<u>Solution and Explanation:</u>
The given data is as follows:
Error rate = 4%, per hour payment of inspector = $8, inspection of units = at the rate of 49 per hour, cost = $9 per unit
The problem can be solved as considering an opportunity to have an improvement of 4% in the quality.
In case inspector is not hired then it will cost .04 multiply 9= $.3.6 per unit and in case the inspector is hired it will cost $ 0.163 approx.(8 divided by 49).
Therefore, on comparison, it is recommended to hire the inspector.
Answer:
Business A
Journal Entries:
Debit Accounts Payable $96,000
Credit 10% Notes Payable $96,000
To record the issuance of a 60-day, 10% note to a creditor on account.
Debit 10% Notes Payable $96,000
Debit Interest Expense $1,600
Credit Cash $97,600
To record the payment of the note at maturing, including interest.
Explanation:
a) Data and Analysis:
Accounts Payable $96,000
10% Notes Payable $96,000
10% Notes Payable $96,000
Interest Expense $1,600
Cash $97,600
