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WITCHER [35]
4 years ago
13

Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an in

voice with a list price amount of $5,700 and payment terms of 4/10, n/30. Alison uses the net method to record purchases. Alison should record the purchase at:
Business
1 answer:
Anettt [7]4 years ago
4 0

Answer:

$5,472

Explanation:

Calculation for Alison record of purchase :

First step

Invoice price ×Percentage of payment term

Where:

Invoice price =$5,700

Percentage of payment term =96%

(100%-4%)

Second step

$5,700×96%

=$5,472

Therefore Alison should record the purchase at: $5,472

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Which of the following is an advantage of a partnership?
sergejj [24]

Answer:

B

Explanation:

as if u share a business then the time and management is also shared

hope this helps

i would appreciate it if u can heart and like my answer and maybe even give it 5 stars or brainliest

6 0
4 years ago
Economic theory​ is: A. the specification of a set of assumptions. B. a prediction about cause and effect. C. the development an
RSB [31]

Answer:

The answer is C. Development and use of model to test

hypotheses  

Explanation:

Economic theories are theories that explains economic phenomena and tries to create solutions to the identified economic  problems. They are comprehensive system of assumptions, hypotheses, definitions and instructions about what should be done in a certain economic situation.

Examples of Economic theories are

Classical economic theory

Keynesian theory

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5 0
3 years ago
Choose a real or made up example of a company, and describe at least three fixed costs the company has. (1-3 sentences. 1.5 poin
goldenfox [79]

Answer:

Let us take ABC Company, a manufacturing company to be our example company in discussing the fixed costs. Fixed costs are costs that remain constant for a given period of time regardless of changes in volume. The ABC Company’s fix costs includes the rent, insurance on property, and depreciation on machinery and equipment.

The rent is a fixed cost because it has a fixed amount which is to be paid every month. And the insurance on property is a fixed costs since the amount of the insurance that the company pays every month is already fixed and cannot be changed. The depreciation on machinery and equipment is also a fixed costs because the amount of depreciation is already computed and allocated every year to be expended and recorded at fixed cost.

5 0
3 years ago
Pete makes $825.00 a week. His employer deducts 7.65% for FICA. How much money is the employer deducting?
sattari [20]

Answer:

$63.11

Explanation:

FICA stands for Federal Insurance Contribution Act. It is a combination of two taxes that find Medical health insurance and social security benefits. The employees deduct and withhold FICA from the employee paycheck.

If Pete makes $825 per week

the employer will deduct 7.65% of $825

=7.65/100 X $825

=0.0765 x $825

=$63.1125

6 0
3 years ago
What are the 5 types of insurance
fenix001 [56]

Answer:

- Health Insurance

- Auto/Car Insurance

- Life Insurance

- Renters/Home Insurance

- Disability Insurance

Explanation:

There are other forms or insurance including: Liability, Worker's Compansation, and Errors and Immisions.

But the ones listed above are the general types.

Hope this helps!! <3

3 0
3 years ago
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