Answer:
Net dollar sales projection for this year is $645,840.
Explanation:
Last year = 15,000 units
Price = $45
Projected:
Sales = 15000 units x ( 1 + 30%) = 15000 units x ( 1 + 0.30) = 15000 units x 1.30 = 19,500 units
Price = $45 x ( 1 - 20%) = $45 x ( 1 - 0.20) = $45 x 0.80 = $36
Total Sales Projection = 19,500 x $36 = $702,000
Returned Marchandise = $702,000 x 8% = $56,160
Net Sale = Total Sales - Returned Marchandize = $702,000 - $56,160
Net Sale = $645,840
The answer is: B. State ; B. payroll
The amount of your municipal would be proportional to the value of the property that you own and the amount of salary you receive . This tax is used to fund various local government activities (such as fixing sewers, taking out garbage, etc). Most states usually already set up method of payment with your employer so it would taken directly before you receive your payroll.
Answer: Please see answer in explanation column
Explanation:
a) Due date = April 22+90 days = July 21
b) Maturity value = 96,000+(96,000*6%*90/360) = $97,440
c1) Journal entry for receipt of note by Bork Furniture
journal Debit Credit
Notes receivable $96,000
Account receivable $96,000
C2) Journal entry to record receipt of payment at maturity
journal Debit Credit
Cash $97,440
Notes receivable $96,000
Interest revenue $1,440 (97,440-96,000)
Answer:
C
Explanation:
Escrow service is a form of risk mitigation medium in the course of a transaction , where a third party receives and disburses money for the main transacting parties as can be seen in the scenario given .
Nothing is really wrong in the transaction as suspected by the Wrights but a difference in the rules guiding escrow in North and South Carolina.
Escrow instruction are due for signing in South Carolina by both parties immediately after they have all signed the purchase agreement , about 60 days ahead of the actual close of the escrow date , while in North Carolina , escrow are not signed until the day before the actual close of escrow.
Answer:
C
Explanation:
Market forces and of supply and demand
