<u>Answer:</u> Option 1 After income from continuing operations.
<u>Explanation:</u>
A disposal account shows the profit or loss from the sale of any asset. When the sale price is higher than the book value of the component then it is a gain. When the sale price is less than book value then it is a loss.
Loss from the sale of component will reduce the income of the business. When there is a loss it is debited in the income statement. This appears below the operations income and it is deducted from the revenue to show the actual value of the revenue.
Answer:
July 1
No Entry
Sep 1
Dr Cash $2,000
Dr Accounts Receivable $400
Dr Cost of goods sold $1,100
Cr Inventory $1,100
Cr Unearned Service Revenue $554
Cr Sales Revenue $1,846
Oct 15
Dr Cash $400
Dr Unearned Service Revenue $554
Cr Service Revenue $554
Cr Accounts Receivable $400
Explanation:
Preparation of the journal entries for Geraths in 2020.
July 1
No Entry
Sep 1
Dr Cash $2,000
Dr Accounts Receivable $400
($2400-$2000)
Dr Cost of goods sold $1,100
Cr Inventory $1,100
Cr Unearned Service Revenue $554
($600/$600+$2000*$2400)
Cr Sales Revenue $1,846
($2,000/$600+$2000*$2400)
Oct 15
Dr Cash $400
($2400-$2000)
Dr Unearned Service Revenue $554
Cr Service Revenue $554
($600/$600+$2000*$2400)
Cr Accounts Receivable $400
($2400-$2000)
Answer:
47 months
Explanation:
This can be calculated using a financial calculator :
I = 18% / 12 = 1.50%
PV = -5000
PMT = 150
FV = 0
N = 47 months
In maturity stage of the product life cycle a firm would most likely use price reductions and reminder advertising.
<h3>What is product life cycle?</h3>
A product life cycle can be regarded as length of time from introduction of a product to consumers till the the consumer get the product.
This comes in stages, one of the this stage is
maturity stage of product life cycle where discount is used for consumers.
Learn more about product life cycle at;
brainly.com/question/14567370
Answer:
It can take a mortgage up to 90,819 dollars
Explanation:
1,300 per month
-300 maintenance and other cost
1,000 per month
What is the PV of an annuity of 1,000 dollars
C 1000 (proceeds from the rent)
time 240 (20 year x 12 month per year)
rate 0.01 ( 12% / 12 months = 1%)
PV $90,819.4163
It can take a mortgage up to 90,819 dollars
