Answer:
Please refer the journal entries below
Explanation:
Trade Discount:
There is no accounting entry for the trade discount, trade discount is simply deducted from the total amount and the entry is passed after incorporating the trade discount
1) Audrey’s Antiques
Since Audrey’s Antiques have taken the services amounting more than $1,000, they are eligible for the trade discount of 12% i.e. ( 12% of $1,900) = $228, hence Income will be recorded at ($1,900 - $228) = $ 1,672
Advertising Fee Receivable Debit $ 1,672
Advertising Fee Income Credit $ 1,672
2) Michael’s Motors
Since Michael’s Motors have taken the services amounting less than $1,000, they are not eligible for the trade discount of 12%
Advertising Fee Receivable Debit $ 540
Advertising Fee Income Credit $ 540
Answer:
2.5% is the current two years interest rate
Explanation:
If the first year interest rate is 2% and expected coming year interest rate is 3% based on the hypothetical projection which is believed to be correct, then the interests rate for the two years will be the average of the interest of the two years in focus which gives us:
Current IR = IR (yr 1) + IR (yr 2) / no of years
Current IR = 2 + 3 / 2 = 2.5
Answer:
Option C. Have a low value-to-weight ratio.
Explanation:
The reason is that the transportation cost is connected with the weight of the product whereas the profit of the profit will diminish if the value to weight is low which means that the profit generated is very low which will be paid off to transport the product. So the option C is correct.
Option A is not connected with transportation cost which turns the profitable products into unprofitable products due to its high cost.
Option B is opposite of option C hence both are incorrect.
Option D is incorrect because if the product is only produced in one region then it will be the only firm offering that product which means it can price its product geographically to adjust the transportation cost. Hence it is also not connected with the transportation cost which turns the profitable products into unprofitable products due to its high cost.
If i could be become invisble,id prank people
Answer: Struck by hazards.
Explanation:
Struck by hazards is caused when there is a sudden forceful contact between an object and an injured person.
Classes of stuck by hazards include
1. Falling objects, for example a falling wood from a construction site.
2.Rolling objects.
3.Swinging objects.
4.Flying objects.
• It is important to note that putting in place and using the right safety measures can serve as a means of protection against any form of job related hazard.
