Answer:C
Explanation: Collectability of the receivables is in doubt
Answer:
The multiple choices are as follows:
$4,720.
$17,260.
$48,680.
$43,960.
$42,960.
The beginning cash balance was $4,720
Explanation:
The formula for closing cash balance can be used to determine the opening cash balance as shown thus:
closing cash balance=net increase in cash+opening balance of cash
by arranging the equation
opening cash balance =closing cash balance-net increase in cash
closing cash balance is $26,700
net increase in cash is $21,980
opening cash balance=$26,700-$21,980=$4,720
Answer:
Decrease by $132,100
Explanation:
Computation of the given data are as follow:-
We can calculate the Operating Income by using following formula:-
Fixed Cost = Fixed Cost * Dropped Rate
= $193,000 * 30/100
= $57,900
So, Operating Income = Sales - Variable Cost - Fixed Cost
= $,1050,000 - $860,000 - $57,900
= $132,100
According to the Analysis, the operating income will be decrease by $132,100 if the business segment is eliminated.
Answer:
Fuel is an expense and the fact that it was not paid off immediately means that it is an amount owed to Western Oil thereby making it an Accounts Payable.
Journal entry is:
Date Account title and Description Debit Credit
Fuel Expense $4,360
Accounts Payable $4,360
Answer:
The correct answer is Middle.
Explanation:
Traditionally, the middle class is considered as the largest representative of the population in developed countries, although it is also a reality that the limits of this class are not very strong, since it can range from professionals and administrators of important level to employees in the area of services. So, as a consequence of this lack of internal union, it is often subdivided into upper middle class and lower middle class.
