Answer: A. people in the northeast did not have enough oil to heat their homes, but people elsewhere in the U.S. had enough oil to heat their swimming pools.
Explanation:
1973 saw the beginning of the energy crises after the Arab world placed an oil embargo on the U.S. As a result, gasoline and oil products became very expensive in the U.S. and had to be appropriately used.
The North-East did not suffer as much during this time New York receiving some of the lowest amounts of snow in modern history so less oil went to the north east for heating as it was ruled not to be cold enough.
Answer:
Total cash collection= $158,500
Explanation:
Giving the following information:
<u>Cash collection:</u>
40% in the month of sale
55% in the month following sale
5% in the second month following sale
<u>Sales:</u>
April $210,000
May $160,000
June $150,000
<u>Cash collection June</u>:
Sales in cash from June= 150,000*0.4= 60,000
Sales on account from May= 160,000*0.55= 88,000
Sales on account from April= 210,000*0.05= 10,500
Total cash collection= $158,500
<h2>Luke cannot sell the product because patent is already been issued to the similar product.</h2>
Explanation:
According to the given scenario, Luke though he is an inventor and he has created a product which is similar to already patented, Luke is not allowed to sale based on the patent rule.
Since there is a patent right obtained by someone for similar product, then what Luke is trying to do is against the Patent law.
Luke cannot prove that he already had an idea. Any law always needs a proof than a statement.
Luke may be punishable under the patent law if he tries to sell his invention.
$560 I just took the test on primavera and this was right.
Answer:
Dr merchandise inventory $3,500
Cr accounts payable $3,500
Dr accounts payable $600
Cr purchases returns and allowances $600
Dr accounts payable($3,500-$600) $2,900
Cr cash $2,900
Explanation:
The purchase of goods worth $3,500 means that merchandise inventory is debited with $3,500 while accounts payable is credited with the same amount.
Upon returning goods worth $600,purchases returns and allowances is credited while accounts payable is debited.
When payment is made, cash is credited while accounts payable is debited to show that the outstanding debt has been paid