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Phoenix [80]
3 years ago
6

Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 5% charge on sales for using its c

ard. On May 26, Brinker had $6,200 in First Savings Bank Card credit sales. What entry should Brinker make on May 26 to record the deposit
Business
1 answer:
ZanzabumX [31]3 years ago
3 0

Answer:

Date      Account titles and explanation              Debit      Credit

May 20  Cash ($6,200 - $310)                              $5,890

              Credit card expenses ($6,200*5%)       $310

                    Sales                                                                    $6,200

               (To record the deposit)

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Which of the following occupations is among the 10 projected most rapidly declining U.S. occupations in terms of percentage decr
NemiM [27]

Answer:

Postal service mall sorters and processors is the correct answer for the following.

Explanation:

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Therefor, the Postal service is the correct answer.

6 0
3 years ago
What is the present value of $1,400 a year at a discount rate of 8 percent if the first payment is received 7 years from now and
valentinak56 [21]

Answer:

Present Value = $9,417.69  (Approx)

Explanation:

Given:

Annual payment = $1,400

Total payments = 25

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Computation:

First payment [7 years from now ]

So,

Present Value = $1,400(1/1.08⁶)[1 - (1/1.08)²⁵] / 0.08

Present Value = $1,400[6.72692]

Present Value = $9,417.69  (Approx)

5 0
2 years ago
While in India you purchased a hat for $15 U.S. How many rupees would you have to pay if each rupee was .032 U.S. dollars? 48 ru
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Answer:

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3 years ago
Kray Inc., which produces a single product, has provided the following data for its most recent month of operations:
Ilya [14]

Answer:

$76

Explanation:

The computation of Unit product cost under variable costing is shown below:-

Unit product cost under variable costing = Direct material + Direct labor + Variable manufacturing overhead

= $47 + $21 + $8

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So, for calculating the Unit product cost under variable costing we simply added the direct material, direct labor and variable manufacturing overhead.

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