Answer:
The answer is 13.33%
Explanation:
Sales price of a spring break vacation package = $194.99
Amount saved for booking early = $30
The original sale price(price before the saved amount) = 224.99
Percentage decrease in price is:
Saved amount ÷ original sale price 30/224.99
=0.1333
Expressed as a percentage:
13.33%
The percent decrease in price is therefore 13.33%
Answer: The answer would be $536.73
Explanation: Add up all the deduction amounts which will equal to 198.51, take away that amount from the 735.24 he earned and it will give you your answer of $536.73.
Answer:
The total amount of assets is 15,750.
Explanation:
Reproducing the trial balance below for clarity:
Account Title Debit Credit
Cash 12,500
Accounts Receivable 3,250
Accounts Payable 2,800
Common Stock 6,600
Retained Earnings 4,500
Service Revenue 7,450
Operating Expenses 5,100
Dividends 500
Total 21,350 21,350
Calculation of Total Assets:
Total assets = Cash + Accounts Receivable
= 12,500 + 3,250
= 15,750
Note that among the given accounts, accounts cash and accounts receivable are assets; accounts payable is a liability; common stock and retained earnings are part of the capital; service revenue is a form of revenue; while operating expenses and dividends are expenses.
Answer:
Partial balance sheet of Tamarisk, Inc.
<u>Non Current Assets :</u>
Buildings $1,140,000
Less accumulated depreciation—buildings ($652,000) $488,000
Coal mine $509,000
Less accumulated depletion—coal mine ($107,000) $402,000
Goodwill $421,000
Total $1,311,000
Explanation:
The Items above are Non- Current Assets. Non Current Assets are resources expected to generate economic benefits for a period exceeding 12 months.
Answer:Gundy Enterprise journal $
Date
Jan 31 2021
Income statementl Dr 641.67
Mortage Interest. Cr. 641.67
Recognition of interest payable on mortgage loan for December 2021
Jan 31 2021
Mortgage principal Dr 635.52
Mortgage interest Dr. 641.67
Bank Cr. 1277.19
Narration.payment of principal and interest Interest due on mortgage loan as at January 31 2021.
Explanation:
The monthly installment payments of $1277.19 consist of both the principal sum and accompanying monthly interest.
The interest needs to be first recognized as an expenses into the income statement and increase in the mortgage loan. This will prevent an over deduction on the mortgage loan.
