Answer:
No Net Impact on Pumpkin's Accounting Equation from collection of cash.
Explanation:
Sales transaction has already been recorded and there is a Account receivable with $500 balance which is an asset account. On January 11 Cash has been received and the transaction was as follows:
Dr. Cash $500
Cr. Account receivable $500
Cash and Account receivable are both assets account therefore there will be no net impact on pumpkin's accounting equation one type of asset account balance is increasing the other type of asset account balance is decreasing when we post transaction.
Accounting Equation
Asset = Equity + Liability
Dr. Cash +500 0 0
Cr. Account Receivable <u>-500 0 0</u>
Total Impact <u> 0 0 0</u>
The document that he needs to complete his FAFSA application is D. None of the above.
FASFA Application is an acronym for The<u> Free Application for Federal Student Aid. </u>This is an application that is done that allows students to be considered for Federal student aid.
The documents that a student needs to complete his FAFSA application include one's security number, the <em>Federal Income tax returns</em>, and every other record of the money that the person has earned.
From the complete question, none of the above options are given, therefore, the correct option is None of the above.
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brainly.com/question/24962716
Answer: BruceCo would have to sell 220 backpacks
Explanation: The projection of a $10,000 profit can be calculated properly by the equation;
Revenue - Cost = Profit
There is a one-time set up charge of 1000 and this is a fixed cost (as it does not change regardless of how many units they eventually sell). Also they would be spending $30 to buy each unit and still spend $20 to customize each. So each unit would cost $50 to acquire. If they plan on selling each unit at the rate of $100, then the total revenue would be 100 times X (where X is the number of units sold). Therefore the profit can be better projected by the equation;
Revenue - Cost = Profit
100X - (50X + 1000) = 10000
100X -50X - 1000 = 10000
50X = 10000 + 1000
50X = 11000
Divide both sides of the equation by 50
X = 220
Therefore, BruceCo must sell 220 units (at least) in order to meet a $10,000 profit projection
Answer:
correct option is A. $145
Explanation:
given data
investment cost = $2900
interest rate = 5% per year
solution
formula for present value of perpetuity is
investment cost = fixed cash saving per year ÷ interest rate ..................1
put her value we get fixed cash saving per year that is
saving per year cost = $2900 × 5%
saving per year cost = $2900 × 0.05
saving per year cost = $145
so correct option is A. $145
