Answer:
$2200
Explanation:
The reason is that the property owned by the seller was 5 and half year starting from first of January to 15th of June. This means that 5.5/12 share of the total property tax relates to the seller and the remainder 6.5 months of total 12 months relates to the buyer of the property.
Hence the property tax for:
Seller = 5.5 / 12 * $4800 = $2200
Buyer = 6.5 / 12 * $4800 = $2600
Ratio method is used above to calculate the relevant shares of each party.
Here is the inventory ac and the journel entries.itd fairly simple. as for the journel entries,since the claim hasnt been met by the year end and is still recieble,its gonna be debitted. the balance will be charged to the profit and loss ac as a loss,or expense so to speak. in the income statement full amount will not be charged as the insurance calim will reduce the expense. and in balance sheet,only recieble of insurance claim will be shown
Answer:
What will be produced.
Explanation:
Consumer sovereignty is the theory that consumer preferences determine the production of goods and services. This means consumers can use their spending power as 'votes' for goods. In return, producers will respond to those preferences and produce those goods.
A competitive market system is one that involves many buyers and sellers. This is a system where the supply and demand for goods and services largely determines what is produced, how it's to be produced, how much is produced, how the output is to be distributed, and how the economy absorbs change.
Answer:
d. $640,000
Explanation:
The computation of ending balance of Retained Earnings is shown below:-
Ending balance of Retained Earnings = Beginning balance + Net income - Preferred dividends declared - Common dividends declared
= $400,000 + $300,000 - $50,000 - $10,000
= $700,000 - $60,000
= $640,000
Therefore for computing the ending balance of Retained Earnings we simply applied the above formula.
Answer:
D. Touchpoint
Explanation:
Touchpoint is the term refer to any direct interface or interaction between customers and a company. Touchpoint bring customer close the brand and it help the business to understand their customer´s need and requirement, which also help to build reputation and penetrate in the market. Company use different customer touchpoint like website, emails, in-store Cashiers, billboards, etc.
Channels are not touchpoint. It is medium to understand where customer come from, however, touchpoint very specific.
