Answer:
b. $765000
Explanation:
Depreciation is a non-cash item and as such will not be considered in the computation of the amount to be disbursed in the month.
Given that the company pays for 70% of its purchases in the month of purchase and the remaining 30% in the next month for direct materials, it means the company will pay 70% of the material purchase in August and 30% of July's purchase in August.
Hence, The budgeted cash disbursements for August are
= 70% * $530,000 + 30% * $370,000 + $160000 + $73,000 + $50,000
= $765,000
Answer:
The correct answer is Option B.
Explanation:
Stockholders' equity comprises retained earnings, common stock and premium on common stock. Retained earnings are an accumulation of net income or loss over years. The effects of the transactions in Year 1 are as follows:
1) Acquired $1,050 cash from the issue of common stock - increase common stock and cash by $1,050
2) Borrowed $520 from a bank - this increases Cash and Liabilities by $520 - nil effect on stockholders' equity
3) Earned $750 of revenues - this increases net income/Retained Earnings by $750
4) Paid expenses of $270 - reduction in net income/Retained Earnings by $270
5) Paid a $70 dividend - reduces Retained Earnings by $70
Overall, stockholders' equity = $1,050 + $750 - $270 - $70 = $1,460
A. Promissory Note
It means that when you write someone a check, it is a "promise", that their money will be there or liquidated.
The correct statement is that the normal price of the online TV service is $8.95 if the Greenbaum family spends $11.85 over the bill paid each month. So, the correct option is C.
The computation of the normal price can be calculated with the use of given information regarding the credit price monthly and adding such amount by dividing the quarterly spends by 3.
<h3>Computation of monthly payment. </h3>
- The calculation of the TV service cost for each month can be calculated by applying the given information. If the cost of 3 months was $11.85, then one month cost will be,
- But we know that there is a credit of $5 on each month's bill, and therefore the monthly normal price will be calculated as,
Hence, the correct option is C that the normal cost of the online TV service with a credit of $5 each month will be at a monthly payment of $8.95
Learn more about <u>Monthly Payment</u>s here:
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