Alter ego theory is the theory that applies to the situation in which owners of a corporation have so mingled their own affairs with those of the corporation that the corporation does not exist as a distinct entity.
Answer:
a. $7,000
b. $9,000
Explanation:
The computations are shown below:
a. The equation is
y = 4,000 + 0.20x
where,
X = miles driven
And y = Annual cost
Since 15,000 miles car is driven this year, so the forecasted cost would be
y = 4,000 + 0.20 × 15,000 miles
= 4,000 + 3,000
= $7,000
b. And if the car is driven 25,000 miles, so the forecasted cost would be
y = 4,000 + 0.20 × 25,000 miles
= 4,000 + 5,000
= $9,000
We simply put this miles in the equation above
The appropriate journal entry for each of these transactions,
Date Journal entry Debit credit
Nov 20 Cash a/c 441
credit card discount 9
To sales revenue 450
Nov 25 Accounts receivable 2800
To sales receivable 2800
Nov 28 Accounts receivable 7200
To sales receivable 7200
Nov 30 Sales return 600
To account for receivable 600
Dec 06 Cash 6468
sales discount 132
To accounts receivable 6600
Dec 30 Cash 2800
To accounts receivable 2800
Net sales:450+2800+7200-600-132
= 9718
Examples of transactions are as follows: Paying a provider for offerings rendered or goods introduced. Paying a vendor with cash and a note so one can obtain ownership of assets formerly owned by the seller. Paying an employee for hours worked.
A transaction is a finished settlement between a client and a seller to exchange items, offerings, or monetary property in going back for cash. The term is also commonly utilized in company accounting. In business bookkeeping, this simple definition can get complex.
A cash transaction is the immediate charge of coins for the acquisition of an asset. some market stock transactions are considered cash transactions although the exchange might not settle for some days. A futures agreement isn't always considered a cash transaction.
Learn more about transactions here brainly.com/question/5007419
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Answer:
Option "b" is the correct answer to the following question.
Explanation:
This is the agreed price of the relevant material, commodity or tangible asset as negotiated by the consumer and the forward agreement dealer, to be payable in the future event at a fixed date.
In this situation, Before 4:00 P.M is the present price of mutual fund and after 4:00 P.M is the future price of the mutual fund.
