Answer:
$1,130.137 debit the seller and credit the buyer.
Explanation:
Given that:
- Purchase price : $203,500
- Time: June 15.
- Taxes: $2,500 have not been paid by the seller, it means the tax is settled by the seller
Assume 365 day year (30 days per month) , he purchased at June 15 so the number of outstanding days is:
(5 months * 30)+ 15= 165
Hence, the tax pay per day is:
= $6.849315 per day
=> the outstanding tax = tax pay per day*number of outstanding days
= $6.849315*165
= $1,130.137
So $1,130.137 debit the seller and credit the buyer.
They are examples of non sworn personnel
Answer:
0.33
0.5
Ted
Explanation:
Ted's opportunity cost = 20 / 60 = 0.33
Tom's opportunity cost = 15 / 30 = 0.5
A person has comparative advantage in an activity if he carries out the activity at a lower opportunity cost when compared with other people.
Thus, ted has an opportunity cost in washing cars.
I hope my answer helps you
Answer:
What is the proper order of these steps?
Explanation:
(5) Record the Journal Entries.
(4) Post the journal entries to the ledger.
(3) Prepare the unadjusted trial balance.
(2) Prepare the adjusting journal entries. (Chapter 3)
(7) Post the adjusting journal entries to the ledger
(6) Prepare an adjusted trial balance. (Chapter 3)
1) Prepare the financial statements.
Explanation:
I mean, everybody deserves to have an achievement plan. So why not make one from it?