Answer:
The price should be recorded as $167,500
Explanation:
As per the accounting principles, assets should be recorded at the price they were paid for. In case of a purchase, the accountant should record in the books the amount the company paid to acquire the asset. For sales, the amount received from the buyer is the figure to be recorded in the books.
For Reliable Repair Service, there were different prices quoted, but the buyer paid $167,500. It means the company sold the land for $165,000. This is the amount that should be recorded in the books.
Answer: $400,000
Explanation:
Days Sales Outstanding is used by a firm to estimate the amount of its accounts receivable.
DSO (Days Sales Outstanding) = Accounts Receivables/Average Sales per day
Where DSO= 20 days
Average sales per day= $20,000
Accounts receivable (AR) =?
20=AR/20000
Cross multiply to make AR the subject of the formula
Accounts Receivables = 20 x 20000
AR=$400,000.
Answer:
contextual stimuli
Explanation:
Contextual stimuli refers to such a situation wherein an individual's behavior varies as per the context or as per the situation.
Stimuli refers to stimulation induces an individual to act in a certain way.
In the given case, John behaves differently in both the situations i.e when he is alone or while he is surrounded by his friends. Both the situations extract different sort of reactions.
When he is surrounded by his friends, his reactions are governed by social factor and his social presence. Such reaction could also arise when an individual seeks social recognition and in such events ignores the content being derogatory or mocking.
When the same individual is alone with her, he acts naturally since the social factor does not exist.
Answer:
DR Cash................................................ $172.8
0
DR Credit card expense.......................$7.2
0
CR Sales.................................................................... $180
Explanation:
The bank will deduct a service charge of 4% before remitting the money so;
Cash = 180 * ( 1 - 0.04)
= $172.80
Credit Card expense
= 180 - 172.80
= $7.20
Answer:
Option C (Precept............real world) is the right answer.
Explanation:
Laissez-faire economics seems to be a hypothesis that always constrains government interference.
- It maintains that perhaps the financial sector was indeed particularly strong since all the current regime was doing was safeguard the freedom of persons.
- Subsequently, free-market statisticians predicated on the premise of laissez-faire mostly as an approach to sustainable economic success, because while critics disparaged it for helping to promote unfairness.
The other actions taken are not connected to the circumstance in question. That would be the right response to the above.
