Answer:
Check the explanation
Explanation:
Journal Entries to be recorded in the books of Partnership accounts
a)Jesse's Investment
Account Name Debit($) Credit($)
Accounts Receivable(48,000-3600) 44300
Equipment(Agreed Price) 68,500
Allowance for Doubtful Debts 2500
Jesse,Capital A/c(Balancing Figure) 110300
b.Tim's Investment
Account Name Debit($) Credit($)
Cash 22000
Inventory(At Agreed price) 48000
Tim Capital 70,000
Answer:
Account Debit Credit
Work in process $73,300
($78,000-$4,700)
Manufacturing overhead $4,700
Raw material $78,000
Option D is correct($78,000)
Explanation:
Journal Entries:
They help to keep track of transactions as debited and credited. It helps to manage accounts and shows all the details of transactions.
Since total of $78,000 raw materials were requisitioned from the storeroom for use production. So it is credited as Raw material n journal. Indirect material is $4,700 acts as manufacturing overhead in journal as debit and remaining will be work in process (($78,000-$4,700)) as debit.
Journal entries to record these events:
Account Debit Credit
Work in process $73,300
($78,000-$4,700)
Manufacturing overhead $4,700
Raw material $78,000
Part B:
Option D is correct($78,000)
The credits to the Raw Materials account for the month of November total is $78,000.
Shoemaker Corporation Journal Entries
1. April 01, 2021
Dr Notes receivable 600,000
Cr Cash600,000
2. December 31,2021
Dr Interest receivable 42,075
Cr Interest revenue 42,075
3. April 01, 2019
Dr Cash 566,100
Cr Notes receivable 510,000
Cr Interest receivable 42,075
CrInterest revenue 14,025
Workings:
2.Interest revenue: $510,000 × 11% × 9/12 = $42,075
3.Interest revenue: $510,000 × 11% × 3/12 = $14,025
42,075+ 14,025=56,100
510,000+ 56,100= 566,100
Answer:
$1,747
Explanation:
Given:
Generate Cash flows = $20,000 per year
Salvage value = $10,000
Interest = 10% = 0.10
Computation:
Net present value = PV of cash inflows - PV of cash outflow
= [($20,000 X 6.1446) + ($10,000 X 0.3855)] - $125,000
= [$122,892 + 3855] - $125,000
= $1,747
PV factor (for salvage value)
Inflow PV factor = 6.1446
Answer:
The answer is: B) supertrends
Explanation:
A trend can be defined as a general direction in which things are developing. Economists use the term supertrend as predictions of how the economy and businesses will develop in the future.
One of the most common supertrend prediction is; technological progress will improve human health and promote economic growth - artificial intelligence is the key. This might sound very obvious, since it has been continually occurring since the industrial revolution, but the pace of technological progress should accelerate. Just imagine 30 years ago computers weren't that common at homes, now it is difficult to stop looking at your smartphone every once in a while.