Answer: Option (B)
Explanation:
Condition subsequent clause is referred to as an exit clause from the existing contract. This agreement in between the parties tends to include languages that loosens or frees one of individuals from the agreement or the deal. This tends to mostly occur when the conditional outcome or result takes place. The conditional subsequent relieves an individual or a party from all the obligations.
The creatives who designed this ad intended its headline to
be an attention-getting device. It is defined as having to show an opening
statement in which the speaker uses that is to be engaged to the attention of
the audience are likely to be capture after the component of the introduction
that the speaker has given.
Answer:
Option (a) is correct.
Explanation:
Given that,
Sales = $410,000
Costs = $284,000
Depreciation Expense = $510,000 × 0.1920]
= $97,920
Therefore,
Operating Cash Flow:
= [(Sales - Variable Costs - Fixed Costs) × (1 - Tax Rate)] + [Depreciation × Tax Rate]
= [($410,000 - 284,000) × (1 - 0.35)] + [$97,920 × 0.35]
= [$126,000 × 0.65] + [$97,920 × 0.35]
= $81,900 + $34,272
= $1,16,172
Answer:
The Journal entry with their narrations shown below:-
Explanation:
The Journal Entry is shown below:-
1. Petty cash Dr, $271
To Cash $271
(Being establishment of petty cash fund is recorded)
2. Freight-in Expenses(delivery charges) Dr, $76
Supplies expenses Dr, $41
Postage expenses Dr, $49
Loan to employees (Accounts receivable) Dr, $33
Miscellaneous expenses Dr, $52
Cash short and over Dr, $8
To Cash $259
($271 - $12)
(Being disbursement of cash is recorded)
3. Petty cash Dr, $116
To cash $116
(Being increase in petty cash is recorded)
