Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr 15,900
To Notes Receivable A/c $15,000
To Interest Revenue A/c $900
(Being cash is collected with respect of notes receivable and interest revenue)
For recording this transaction, we debited the cash account and credited the notes receivable and interest revenue account
Answer:
Explanation:
Calculation of materials budget for 2012
Budgeted production units (A) 17,700
Material Required per unit (Yards) (B) 7
Total Material required (C) = A*B (Yards) 123,900
Add: Desired Ending material inventory 5,400
Less: Beginning Material inventory (4,870)
Material to be purchased (Yards) 124,430
Price Per yard $4
.70
Cost of Material to be purchased $584,821
Answer:
Explanation:
The net assets would increase. This is because the $100,000 earnings from investments are additional cash inflows hence an increase in current assets. For the $3,000,000 if invested, it will be considered an asset. It is a cash donation invested to generate earnings for the non-profit organization. Thus, these two instances add onto the net asset value of Lifeworks.
<span>The answer to this question is Problem and solution organizational pattern. In Problem and
solution organizational pattern it presents the problem and what caused the
problem then explains the possible solution for the problem. Using this kind of
organizational pattern, it can persuasive listeners and can tend to let the
audience believe in the solution that the person is implying. </span>
Answer:1000
Explanation:
Equipment decreases $6000 ($10000-$4000). Accumulated depreciation decreases $9000 ($22000+4000-$17000). $10000 cost -$9000 accumulated depreciation = $1000 cash received from sale.
