Answer:
The journal entries to record this transaction would include: E. a credit to Sales Revenue for $45,000.
Explanation:
When Morgan Manufacturing sold goods, the company should make two journal entry to record Cost of goods sold and Sales revenue.
The entries:
1. Debit Cost of goods sold $35,000
Credit Finished-Goods Inventory $35,000
2. Debit Cash $45,000
Credit Sales revenue $45,000
The journal entries to record this transaction would include: E. a credit to Sales Revenue for $45,000.
Answer:
Date Particular Debit Credit
Jan 1, 2021 Cash $64,700
Discount on bond payable $5,930
Bond payable $70,000
Jun 30,2021 Interest expense $3,882
Discount on bonds payable $2,132
Cash $1,750
Workings:
Semi annual interest payment = 70,000 x 5% x 6/12
= $1,750
Interest expense on June 30, 2021 = Carrying value of bonds x Market interest rate
= 64,700 x 6%
= $3,882
Discount on bonds payable amortized on June 30, 2021 = Interest expense - Interest payment
= 3,882 - 1,750
= $2,132
Solution:
Slope = y2 - y1 / x2 -x1
slope = 81 - 111 / $2.00 - $1.25
slope = -30/$0.75
So every $0.75 increase causes a decrease of 30 sales.
So the rise over run or slope of the line is -30/0.75 = -40/1
Start forming the equation:
y = mx + b
y = -40x + b
Substitute one of the points to find the y-intercept:
81 = -40(2) + b
Isolate for the y-intercept:
b = 161
So,
y = -40x + 161
B
2(32+20)
= 104
hope this helps
Answer:
Current money obligation coverage is determined by partitioning net money gave by working exercises by the normal absolute liabilities.
It shows the amount of the organization's absolute liabilities can be secured (paid) with net money from working exercises. As it were, this proportion is one of the proportions of the organization's money related adaptability and steadiness.
In the given instance of Coca-Cola and Pepsi the Current money inclusion proportion of Pepsi is higher (34%) when contrasted with Coca-cola(28%). This implies Pepsi money age from its working activities is better when contrasted with its Average all out liabilities than Coca-Cola. This proportion shows that if Pepsi is producing money from activity to the sum it can pay 34% of its normal all out liabilities where as coca-cola can create 28% money from tasks to take care of normal complete liabilities. In the given money pepsi is better.
Money obligation proportion is a little deviation from Current obligation proportion as from the numerator "income from activities" , profit is subtracted and afterwards the equalization money is separated by the normal absolute liabilities.
For the Coco-cola and Pepsi case , this proportion is better for Coca-cola that implies Coca-cola delivers less profits when contrasted with Pepsi that is the reason the rate inclusion of Pepsi is diminished from 34% to 12%(22% decline) and Coca-cola decrease is just 13%.
