Answer:
The answer is D). 1.15, hope this helps, have a great day/night, stay safe, happy thanksgiving!
Answer:
![\large\boxed{\large\boxed{\$ 13,200}}](https://tex.z-dn.net/?f=%5Clarge%5Cboxed%7B%5Clarge%5Cboxed%7B%5C%24%2013%2C200%7D%7D)
Explanation:
This is an algebra question about fractions.
You need to find 3/10 of the income, and the income is $44,000.
You must muliply the fraction 3/10 by the $44,000 income.
To multily one fraction by a whole number you convert the whole number to a fraction with denominator 1. Then multiply numerator with numerator and denominator with denominator. This is how:
![\dfrac{3}{10}\times \dfrac{\$ 44,000}{1}=\dfrac{3\times \$ 44,000}{10}=\\\\\\=\dfrac{\$ 132,000}{10}=\$ 13,200](https://tex.z-dn.net/?f=%5Cdfrac%7B3%7D%7B10%7D%5Ctimes%20%5Cdfrac%7B%5C%24%2044%2C000%7D%7B1%7D%3D%5Cdfrac%7B3%5Ctimes%20%5C%24%2044%2C000%7D%7B10%7D%3D%5C%5C%5C%5C%5C%5C%3D%5Cdfrac%7B%5C%24%20132%2C000%7D%7B10%7D%3D%5C%24%2013%2C200)
The answer is A
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Answer:
c. Debit: Discount on notes payable, $41,884.
Explanation:
The journal entry is shown below:
Equipment $883,116
Discount on Notes payable $41,884 ($740,000 - $698,116)
To Notes payable $740,000
To Cash $185,000
(Being the amount paid in cash and note payable is recorded)
Working note
= Note payable amount × PVF factor at 6% for one year
= $740,000 × 0.94340
= $698,116
For recording this we debited the equipment as it increased the assets and discount is always debited while the note payable and cash is credited as it increased the liabilities and reduced the assets
Answer:
Total contribution margin= $1,220,000
Explanation:
Giving the following information:
Purchase price= $1.8
Selling price= $14
Number of untis= 100,000
<u>First, we will determine the unitary contribution margin:</u>
Unitary contribution margin= selling price - unitary variable cost
Unitary contribution margin= 14 - 1.8
Unitary contribution margin= $12.2
<u>Now, the total contribution margin:</u>
Total contribution margin= 100,000*12.2
Total contribution margin= $1,220,000