Answer:
Explanation:
The journal entries are shown below:
On March 1
Notes receivable A/c Dr $10,400
To Service revenue A/c $10,400
(Being the acceptance of the note is recorded)
On September 1
Cash A/c Dr $10,868
To Notes receivable A/c $10,400
To Interest revenue A/c $468
(Being the cash collection is recorded)
The computation of the interest revenue is shown below:
= Notes receivable × interest rate × (number of months ÷ total number of months in a year)
= $10,400 × 9% × (6 months ÷ 12 months)
= $468
Answer:
$14,880
Explanation:
The formula to compute EVA is shown below:
= Net operating income or earnings after taxes - (Total capital employed × cost)
= $45,360 - ($381,000 × 8%)
= $45,360 - $30,480
= $14,880
We simply applied the economic value added formula so that the accurate value can come.
All other information which is given is not relevant. Hence, ignored it
Answer:
The answer is A.
Explanation:
Current liabilities are the total amount of money due within a period of s year. Current liabilities must be repaid within a year(less than 12 months.
Current liabilities in this question are:
Payable. $5,300
Unearned revenue $900
Sales tax payable. $3,700
Estimated warranty payable $900
Note payable due in 90days $1,300
Total. $12,100
$12,100 is therefore the total current liabilities
