Answer:
Appreciate more
Explanation:
Suppose an increase in the demand for dollars has caused an appreciation of the dollar. According to the purchasing power parity theorem, the value of the dollar in the future will appreciate more. This is because the shift in demand and supply will cause an increase in the value of the dollar. Purchasing power parity (PPP) is a theory which states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.
Answer:
signed a 10% note due in three years.
C. Incurred and paid $410,000 in salaries for the year.
D. Purchased $730,000 of merchandise inventory on account during the year.
E. Sold inventory costing $590,000 for a total of $910,000, all on credit.
F. Paid rent of $220,000 on the sales facilities during the first 11 months of the year.
G. Purchased $190,000 of store equipment, paying $52,000 in cash and agreeing to pay the difference within 90 days.
H. Paid the entire $138,000 owed for store equipment and $630,000 feel feel guy guess join
Answer:
a. $800000
b. Account receivable Dr. 840000
To sales revenue 800000
To sales tax payable 40000
Explanation:
a. Given the total billed amount = $840000
Sales tax = 5%
Total revenue for the month = 840000 x (100 / 105) = $800000
b. Account receivable Dr. 840000
To sales revenue 800000
To sales tax payable 40000
Answer:
$8,760
Explanation:
The movement in the warranty payable account balance over a period is as a result of the additional warranty expenses payable due to sales and the amount paid as warranty expense during the period.
Given that State Street Digital estimates warranty expense at 4 % of sales, the Warranty Expense for the year
= 4% * $219,000
= $8,760
