Answer:
$7,250,500
Explanation:
Given that 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale, it means that cash collection for third quarter per budget will comprise;
- 40% sales for the 3rd quarter
- 70% of 60% sales in the 3rd quarter and
- 30% of 60% sales in the 2nd quarter
Furthermore, if estimated sales for first quarter is 270000 units and sales will increase by 11000 units each quarter over the year then,
2nd quarter sales
= 270,000 + 11,000
= 281,000 units
3rd quarter sales
= 281,000 + 11,000
= 292,000 units
and Each unit sells for $25
Hence , Cash collections for the third quarter are budgeted
= $25 * 40% * 292,000 + $25 * 70% * 60% * 292,000 + $25 * 30% * 60% * 281000
= $2,920,000 + $3,066,000 + $1,264,500
= $7,250,500
Answer:
(C) A government deciding which products to tax
Explanation:
Microeconomics is the subdivision of economics that studies the economic decisions of individuals, households, and firms. It is concerned with around how firms and households allocate scarce resources to meet different needs. It analyses how limited resources are distributed to many alternatives.
Microeconomics deals with individual choices, the factors that influence those choices, and how those decisions influence supply and demand in individual markets. Tax decisions affect the entire economy and not individual markets. Government decisions on taxation are concerns of Macroeconomics.
Answer:
makes the feel like the accomplished something or r worth something
Explanation:
Answer:
Debit to loss on sale of equipment of $20,000
Explanation:
Data provided in the question:
Selling cost of the equipment = $100,000
Cost of the equipment = $300,000
Accumulated depreciation of the equipment = $180,000
Now,
The book value of the equipment
= Cost of the equipment - Accumulated depreciation
= $300,000 - $180,000
= $120,000
Therefore,
Proceeds for selling
= Selling cost of the equipment - Book value of the equipment
= $100,000 - $120,000
= - $20,000
Here, the negative sign depicts a loss
Hence,
The company’s journal entry to record the sale of the equipment would include a Debit to loss on sale of equipment of $20,000
Is this is japanese or what