Answer:
The tickets cost $208.74
Explanation:
The exchange rate is an indirect quotation from the dollar's perspective if dollar is considered to be the domestic currency.
We know that $1 = 0.618 pound
If the price of the ticked is 129 pounds, to convert it to dollars, we need to divide the pound amount by the exchange rate of dollar to pound.
Thus, 129 pounds in dollar are,
129 / 0.618 = $208.7378 rounded off to $208.74
After interest he will pay a total of 3631.88 back to the bank
hope this helps<span />
Answer:
Leave the price alone. Although it may lack some of the features that competitors’ models have, the Boss brand is well-recognized and well-respected in the market
Explanation:
You chose to lower the price to $359.That was the best choice.During the maturity stage of the product life cycle, increased competition eventually forces price cutting, and market share leadership may outweigh profit as a pricing objective, so this is a good option. However, it would take some research to determine whether the company can still make a profit at this price.
Answer:
Sales Returns and Allowances $140 and Accounts Receivable $140
Explanation:
When goods are returned, the sales revenue decreases through Sales Returns and Allowances which is an expense so it is debited and the goods sold on account so the Accounts Receivable which is an asset decreases so it is credited.
Date Account Titles and Explanations Debit Credit
Sales Returns and Allowances $140
Accounts Receivable $140
(To record sales returns)
Answer and Explanation:
The preparation of the operating activities section is shown below:
Rodriguez Company
Statement of Cash Flows (partial)
Cash flows from operating activities:
Net loss $ (6,400)
Adjustments
Add: Depreciation expenses $4,500
Add: Amortization of copyright $200
Add: Decrease in accounts receivable $5,000
Add: Increase in salaries payable $11,000
Less: Decrease in other current liabilities -$1,800
Net cash flow from operating activities $12,500
The negative sign reflects the cash outflow and the positive sign reflects the cash inflow
