Answer:
The company has incorrectly credited the sales revenue account at the time of the receipt of payment. So, the journal entry to record the transaction is as follows:
Date Particulars Debit Credit
March 1, 20 Sales Revenue A/c $45,000
To Unearned Sales Revenue A/c $45,000
(To record Unearned sales revenue)
Answer:
A. the change in the value of the optimal solution.
Explanation:
- A shadow pricing is associated with each constraint of the model and is the instantaneous changes that occur in the objective model of the optimal solution that is obtained by changing the right-hand side constrained by one unit and a reduced cost is associated with each variable of the model. Also referred to as a monetary values that is assigned to the current unknowable or difficult to calculate costs.
Answer:
$89,100
Explanation:
Let us first calculate annual gross rent for Year 1:
Total rent per month:
= 2 suites at $1,800 + 1 suites at $3,600 + 5 suites at $1,560
= $3,600 + $3,600 + $7,800
= $15,000
Annual gross rent = Total rent per month × 12
= $15,000 × 12
= $180,000
Effective gross revenue = Potential gross rent revenue - Vacancy and connection losses (10% of potential gross rent)
= $180,000 - $18,000
= $162,000
Net operating income = Effective gross revenue - Operating expenses including depreciation
= $162,000 - $72,900
= $89,100
Accumulated depreciation changed into disposed of for $27,000 cash. The access to file this event could include a gain of $3,000
Gross e-book fee=$54,000.00
Acc Deprecition=($30,000.00)
net e-book fee as on date of sale=$24,000.00
Sale Proceeds=$27,000.00
advantage =$3,000.00
Amassed depreciation is the sum of all recorded depreciation on an asset to a specific date. accumulated depreciation is supplied at the stability sheet just beneath the associated capital asset line. The wearing price of an asset is its ancient value minus collected depreciation.
As an example, if an organization purchased a bit of printing gadget for $ hundred,000 and the collected depreciation is $35,000, then the internet ebook price of the printing device is $65,000. $one hundred,000 - $35,000 = $65,000. gathered depreciation can't exceed an asset's price.
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Answer:
A) $160,000
Explanation:
To calculate Nichola's accounts receivable at the end of the current business cycle we have to add credit sales during the fifth and sixth months:
accounts receivables = $150,000 + $10,000 = $160,000
The credit sales made during the sixth month should be received during the seventh month and the credit sales made during the fifth month should be paid next year (in 9 months). Since the business cycle is only 6 months long, any credit sale that should be collected beyond the sixth month, should be included under accounts receivables.