Answer:
The August 31 trial balance is a debit and credit amount of $16,986
Explanation:
The journal entries for the following transactions is as follows;
General Journal Debit Credit
1. Cash $6,500
Photography equipment $33,500
Common stock $40,000
2. Prepaid insurance $2,100
Cash $2,100
3. Office supplies $880
Cash $880
4. Cash $3,331
Photography fees $3,331
5. Utilities expense $675
Cash $675
August 31 trial balance $16,986 $16,986
The August 31 trial balance is a debit and credit amount of $16,986
Answer: The operating income is $<u>76 comma 500</u> when 11 comma 000 units are sold.
Explanation:
Selling price = $12 / unit
Variable cost of production = $3 / unit
Selling and Admin cost = $1.5 / unit
Fixed cost for 11 comma 000 units are $ 6 comma 000.
For 11 comma 000 units,
Sales = 12 x 11000 = $132000
cost of production = 3 x 11000 = $33000
Selling and Admin cost = 1.5 x 11000 =$16500
Fixed cost = $6000
Operating Income = Sales - Cost of Production - Selling and Admin cost - Fixed cost
Operating income = 132000 - 33000 - 16500 - 6000 = $76,500
The operating income is $<u>76 comma 500</u> when 11 comma 000 units are sold.
Answer:
Business markets and consumer-goods markets differ in relation to the consumer and the form of operation. Business markets are formed by companies that provide products or services for other companies to manufacture their final products and services. Consumer goods markets, on the other hand, refer to companies that produce products and services already intended for final consumers.
The difference between them is that in business markets there are some significant advantages that reduce competitiveness, such as the creation of a long-term relationship with the customer, since the impact of buying and selling is greater, which also ensures greater stability business, since companies need constant inputs and services for their production of products and services to sell to the final consumer.
Answer:
Instalment receivables (net) of $2,905,600 is the correct answer.
Explanation:
Instalment Receivables ($5,000,000 - $460,000) = $4,540,000
Deferred gross profit ($1,800,000 - $165,600) = $1,634,400
Instalment Receivables (Net) = $2,905,600
2
In numerical form on the left and written out on amount line
