Answer:
I am not sure but is A
Explanation:
A. It will increase the money supply
Answer: More, Right
Explanation:
Appreciaton of a currency means the value of the currency has increased. When the pound sterling appreciates against the United States dollar, England will buy more of the products in the United States because the goods are cheaper when compared to their own currency.
Due to the increase in the United States product bought by England, the aggregate demand curve of the United States shifts to the right. The shift to the right of the aggregate demand curve shows that there is an increase in demand.
Answer:
Net amount paid = 391050
Explanation:
Accounts payable
=395,000
Cash
=391,050
Inventory
=3,950
Accounts payable
=396,000
Cash
=396,000
Accounts payable
=395,000
Purchase discount =3,950
Cash
=398,950
Accounts payable
=400,000
Cash
=396,000
Purchase discount
=4,000
Accounts payable = 395,000
Cash = 391,050
Inventory = 3,950
Gross amount due = Amount of purchase - return = 400000-5000 = 395000 will be debited to Accounts payable
Discount will be allowed as payment made within 15 dyas
Disount will be = 1% of 395000 = 3950 which will be credited to inventory
Net amount paid will be credit to cash = 395000-3950 = 391050
Answer:
Option E is the correct answer
5300$ is the correct answer.
Explanation:
Credit Sales = $800000
Uncollectible net sales = $800000*0.6% = $4800
Hence, balance in Allowance for uncollectible accounts after adjustment should be $4800 credit
Balance already in the account = $500 debit
Hence, adjustment required is $5300 credit
Answer:
$93,750
Explanation:
Required: "<em>Calculate the overhead assigned to the fabric case using the traditional costing system based on direct labor hours."</em>
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Total estimated overhead costs (A) = 150,000
Total labor hours (B) = 15,000 + 9,000 = 24,000
Overhead allocation rate (C) = A/B = 150,000/24,000
Overhead allocation rate (C) = $6.25 Per labor hour
Total labor hours used by Fabric case (D) = 15,000 Hours
Overhead assigned to the fabric case (C*D) = $6.25 Per labor hour * 15,000 Hours = $93,750
