Answer:
The debit and credits for the tax proration will be as follows:
Debit seller for $483.29; and Credit buyer for $483.29.
Step-by-step explanation:
The assignment of how much is owed to the responsible party is the major reason of a proration.
For the days owned by the seller, the buyer needs money from the seller since the buyer will pay the taxes at end of the year.
Amount per day = Annual tax bill / 365 = $2800 / 365 = $7.67
Total number of days from January 1 to a day before March 5 = Number of days in January + Number of days in February + Number of days from March 1 to March 4 = 31 + 28 + 4 = 63
Amount the seller owes for the time he owned = Amount per day * Total number of days from January 1 to a day before March 5 = $7.67 * 63 = $483.29
Therefore, the debit and credits for the tax proration will be as follows:
Debit seller for $483.29; and Credit buyer for $483.29.
First substitute
(3)(4)/4
then simplify.
12/4
then solve
3
First off hmm <span>26°1' is just 26 degrees and 1 minute
there are 60 minutes in 1 degree, so 1minute is just 1/60 degrees
so </span>26°1' is 26° + (1/60)° or 26.1667 rounded up, since 1/60 is a recurring unit
alrite... so hmm, check the picture below
make sure your calculator is in Degree mode.
47/15 in its simplest form would be 2/15