Sue’s Jewelry sold 20 necklaces for $25 each to a credit customer. The invoice included a 6% sales tax and payment terms of 2/10, n/30. Five necklaces were returned prior to payment. The entry to record the original sale would include a debit to A. Accounts Receivable for $530. B. Accounts Receivable for $500. C. Sales for $530. D. Sales for $500.

Answers

Answer 1

Answer: The right answer for the question that is being asked and shown above is that: "B. debit to Sales Returns and Allowances for $125.00. " Five necklaceswere returned prior to payment. The entry to record the return would include a B. debit to Sales Returns and Allowances for $125.00.

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In connection with a "buy-sell" agreement funded by a cross-purchase insurance arrangement, business associate Adam bought a policy on Burr's life to finance the purchase of Burr's interest. Adam, the beneficiary, paid the premiums and retained all incidents of ownership. On the death of Burr, the insurance proceeds will be____________.
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Northeastern cities are important trade centers. Which of the following statements does not correctly describe the economic role of a northeastern city?A)Philadelphia is an important industrial center containing factories producing a variety of goods.B)New York City is considered the financial capital of the United States.C)Boston is a leading center for academic research as well as medical schools and hospitals.D)Providence is a major producer of wheat and other grains.
The direct link between customers and the company is performed by: legal services marketing information chemists environmental chemists corporate management

Which expense might you pay when you rent? A. property taxes B. utilities C. maintenance D. PMI

Answers

Utilities. Since you don't own the property, you are not responsible for paying property taxes. Your landlord should be responsible for any maintenance. PMI is insurance paid on a mortgage - which you wouldn't have as a renter.

Answer:

the answers to this assignment are 1. utilities 2. private Mortgage Insurance 3. 86

Explanation:

did assignment on gradpoint

How much of the federal government's income comes from individual income tax? (1 point)17 percent
27 percent
47 percent
77 percent

Answers

The right answer for the question that is being asked and shown above is that: "47 percent." the federal government's income comes from individual income tax is that of 47 percent. This is the correct answer as far as the federal government's income is concerned.

In which country is the edX main office located.

Answers

edX is headquartered in Cambridge, 141 Portland St, United States, and has 1 office location.

Final answer:

EdX's main office is in Cambridge, Massachusetts, United States. It was established by Harvard University and MIT and offers a multitude of online courses from various fields.

Explanation:

The main office of edX, an online learning platform, is located in the United States, specifically in Cambridge, Massachusetts. EdX was established by Harvard University and Massachusetts Institute of Technology (MIT), and its physical premise resides in close vicinity to these prestigious institutions.

EdX provides courses from various fields including computer science, languages, engineering, psychology, writing, electronics, biology etc. They partner with many universities and organizations from all over the world to offer their courses online.

In conclusion, the significant role of edX is offering access to education to people around the world, irrespective of their geographical location. This is managed from its main office in Cambridge, Massachusetts, United States.

Learn more about edX main office here:

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Under the laws of descent, who gets a property when its owner dies without a will and no legal heirs can be found?

Answers

Answer:

The government takes hold of the property, or on some ocassions it is given in charity.

Explanation:

The column headings on a statement of stockholders' equity best represent a.the column designations in the Stockholders' Equity section of the balance sheet. b.the row designations in the Stockholders' Equity section of the balance sheet. c.the column headings on the retained earnings statement. d.None of these choices are correct.

Answers

Answer: the row designations in the Stockholders' Equity section of the balance sheet.

Explanation: In simple words, statement of changes in equity refers to the financial statement of an organisation that represents the changes that occurred in the company's share capital , accumulated reserves and retained earnings over a specified period time, generally a year.

The columns of such a statement usually deficits the data for which the statement is made and the period for which the capricious is done or forecasting is done for future. These columns depicts the nature of amounts that are recorded with in rows with their titles in the first row.

Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.

Answers

Answer:

Determinants of demand are price of product, price of other products, population, income, etc.

Determinants of supply are price of the product, number of producers, cost of resources, technology etc.

A rightward shift in the demand curve causes price and output level to increase. While a leftward shift contributes to a decline in the price and output level.

A rightward shift in the supply curve causes price to fall and output level to increase. A leftward shift on the other hand causes price to increase and output level to fall.

Explanation:

Other things being constant, the demand and supply both are determined by the price of the commodity. The demand for a product is inversely related to its price. While on the contrary, the supply of a product is directly related to price.

Other than price, demand is affected by a change in income, population, price of other goods, consumers tastes and preferences. Supply is affected by the cost of production including the cost of fixed and variable inputs such as wages, price of raw materials, etc. Other determinants of supply are taxes and subsidies, technology, number of producers, etc.

A rightward shift in the demand curve causes price and output level to increase. While a leftward shift contributes to a decline in the price and output level.

A rightward shift in the supply curve causes the price to fall and output level to increase. A leftward shift, on the other hand, causes the price to increase and output level to fall.

Answer:

Price, product, price of other product, population, income, etc.

Explanation:

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