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Flauer [41]
3 years ago
15

You can buy a television for $349 cash or pay $75 down and the balance in 18 monthly payments of $22.50. What is the installment

price of the television? By what percent would the installment price be greater than the cash price?
Business
1 answer:
noname [10]3 years ago
5 0
349 (cash price)
If payment option
18x22.50=405 (balance) +75(down payment )= 480
A difference of 131
27.292% difference
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$874.50

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J. Morgan and M. Halsted are partners who share income and loss in a 3:1 ratio. After several unprofitable periods, the two part
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Answer:

cash   110,000 debit

  land                   100,000 credit

  gain at disposal  10,000 credit

--to reocrd teh sale of land--

accounts payable 80,000 debit

               cash               80,000 credit

--to record the payment of liabilities--

gain at disposal 10,000 debit

                Morgan           7,500 credit

                Halsted          2,500 credit

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Morgan 22,500

Haslted    7,500

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--to liquidate the partnership--

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ratio 3:1 (3+1=4)

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there is gain of 10,000 in the sale distribute as follow

Morgan 10,000 x 75% =  7,500

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Now we close the account against cash

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