We have to go backwards:
After the discount in July ( 50 % ), the cost of jeans is $25.50
So the price before this discount was 2 * $22.50 = $45
In June, the price was reduced by 25%.
45 ------------------75%
x --------------------100 %
45 : x = 75 : 100
45 * 100 = 75 x
4,500 = 75 x
x = 4,500 : 75
x = $60
Finally, in May the price was 250% of its wholesale cost.
60 ----------------- 250%
x -------------------100 %
60 : x = 250 : 100
6,000 = 250x
x = 6,000 : 250
x = $24
Answer: The cost of the jeans in the wholesale was $24.
Answer:
The answer is: A) by purchasing an equal number of shares of each stock in the S&P 500 in proportion to the price weight of the stock in the S&P 500
Explanation:
The Vanguard 500 Index Fund Investor Shares (VFINX) attempts to provide investors with return rates corresponding to the S&P 500 Index performance. To do so, the VFINX invests in stocks included in the S&P 500 in the same proportion as their weight in the index. Because of this, the VFINX has an extremely high degree of positive correlation with the S&P 500.
According to APPEX the answer is: To calculate a person's tax rate based on. earnings.
Answer:
C. Profit motive ensures that companies and workers are encouraged to participate and thrive in the market.
Explanation:
The profit motive is the aspiration for an economical gain when participating in the economy. In this case, this desire maintains motivated the companies and workers.
Answer and Explanation:
1. The effect of the error on the accounting equation in 2018 is shown below:-
Error utilities expenses = Correct utilities expenses in 2018 - Wrongly entered utilities expenses
= $95,000 - $20,000
= $75,000
Here due to an increase in utilities expenses, so the net income will be decreased.
Now, the Decrease in net income, there will be decrease in stockholders equity
2. The error should be reported for the year 2019 financial statements as a prior period adjustment. It is an adjustment to the beginning balance in the retained earning account
And it will be an addition of the $20,000
