Answer:
$3,728,203
Explanation:
Particulars Amount
Cash Received $2,408,400
Add: Mortgage assume by purchaser $1,445,040
Less: Broker's commission ($96,336)
Less: Points paid by Peyton <u>($28,901) </u>
Amount realized <u>$3,728,203</u>
Answer:
C. using more liberal credit terms to increase sales
Explanation:
According to the question it is given that the ratio of account receivable turnover has measured that comes 12 times which means it took 30 days
= 365 ÷ 12
= 30.41
= 30 days
But according to the competition, the ratio of account receivable turnover is 8 times so the competitor took 45 days
Therefore the Management of marian would have more liberal credit terms that would increase the sales
Answer:
E) None of these
Explanation:
Calculation to determine which of the following is the mean time between arrivals
Using this formula
Mean time between arrivals = 1/Arrival rate
Let plug in the formula
Mean time between arrivals= 1/12
Mean time between arrivals= 0.0833 hours or 5 minutes
Therefore the Mean time between arrivals will be 0.0833 hours or 5 minutes
Answer:
decrease the stockholder equity and decrease in assets
Explanation:
As we know, the accounting equation is
Total assets = Total liabilities + stockholder equity
In the given case,
The rent is paid for the current month, so the journal entry would be
Rent expense A/c Dr XXXXX
To Cash A/c XXXXX
(Being rent is paid)
So it decreases the stockholder equity as it includes the income and expenses part and it decreases in assets as it reduces the cash balance
Answer:
The value of shareholders' equity is -$300
Explanation:
Shareholders' equity is the corporation's owners' residual claim on assets after debts have been paid.
Total assets= Total liability + shareholders' equity
Shareholders' equity = Total assets - Total liability
Shareholders' equity = $5,800 - $6,100
Shareholders' equity = -$300