Indirect tax is D. Sales tax.
Sales tax is the taxes that is charge or added to the items sold in the markets like hygiene, medicines, water, juices and drink and more.
It is added to the SRP of the item.
Answer:
C) $750.
Explanation:
Bad debt Expense will be calculated using the percentage of debt loss. The expense will be calculated using the account receivable balance.
Closing Value of the Allowance for Doubtful Accounts will be as follow
As Allowance for Doubtful Accounts already have debit balance of $110, we need to adjust the remainder to make the closing credit balance of Allowance for Doubtful Accounts $640 at the year end.
Adjustment Value = $640 + $110 = $750
Answer:
$38.45
Explanation:
The computation of the predetermined overhead rate is shown below:
= Estimated variable manufacturing overhead per machine hour + estimated fixed manufacturing overhead per machine hour
where,
Estimated variable manufacturing overhead = $10.75
Estimated fixed manufacturing overhead is
= $648,180 ÷ 23,400 machine hours
= $27.70
So, the predetermined overhead rate is $38.45
From the information given, the price elasticity of demand is -5% and it can be sent that it's elastic.
The percentage change in the quantity demanded will be:
= (20 - 16) / 16 × 100
= 25%
The percentage change in price will be:
= (19 - 20) / 20 × 100
= -5%
Price elasticity of demand = 25/-5 = -5
Sincere it's greater than 1, it's elastic.
Learn more about demand on:
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<span>what is the bond's price?
</span>it is $903.04