Answer:
The debit and credits for the tax proration will be as follows:
Debit seller for $483.29; and Credit buyer for $483.29.
Step-by-step explanation:
The assignment of how much is owed to the responsible party is the major reason of a proration.
For the days owned by the seller, the buyer needs money from the seller since the buyer will pay the taxes at end of the year.
Amount per day = Annual tax bill / 365 = $2800 / 365 = $7.67
Total number of days from January 1 to a day before March 5 = Number of days in January + Number of days in February + Number of days from March 1 to March 4 = 31 + 28 + 4 = 63
Amount the seller owes for the time he owned = Amount per day * Total number of days from January 1 to a day before March 5 = $7.67 * 63 = $483.29
Therefore, the debit and credits for the tax proration will be as follows:
Debit seller for $483.29; and Credit buyer for $483.29.
No i don't but if u need anything else about this syndrome feel free to ask
Answer: Unit rates are the factor that takes you from one column to the other column in a table of equivalent ratios. Equivalent ratios have the same unit rates.
Hope this helps!
The point-slope form of ay line is:
y-y1=m(x-x1), where m=slope and (x1,y1) is any point on the line.
In this case we are given that m=-12 and (x1,y1) is (5,3) so
y-3=-12(x-5)
The slope is -1. Hope this helps! :)
