Answer:
[(Accounts receivable at the beginning of the year + $138,000) - $144,000] - cash realizable value at the beginning of the year
Explanation: The question is incomplete but just apply the missing figures: [(Accounts receivable at the beginning of the year + Sales on account - Collections on account - write off) - bad debt] - cash realizable value at the beginning of the year
[(Accounts receivable at the beginning of the year + $390,000 - $230,000 - $22,000) - $144,000] - cash realizable value at the beginning of the year
Answer:
Following are the solution to this question:
Explanation:
In point 1:
Date Title post reference Dr. Cr.
30-sep Method work – refining 141 388000
Materials 131 385000
In point 2:
Date Title post reference Dr. Cr.
30-sep Method work – refining 141 141000
Payable Wages 251 141000
In point 3:
Date Title post reference Dr. Cr.
30-sep Method work – refining 141 96800
Factory overhead- refining 151 96800
In part B:
Date Title post reference Dr. Cr.
30-sep Method work – Sifting 142 625600
Method work – refining 141 625600
Answer:
B. Shorter time periods usually have no affect on interest rates.
Explanation:
The interest rate is correllate to the potential risk of the investment.
As in a long period, there’re more unpredetermined risks, and we normally say “high risk high return). Thus a longer time period ussually have higher interest rate and vice versa.
In shorter period, we may dertermine the risk more easily then it deserves to enjoy lower interest risk.
Answer:
$95.45%
Explanation:
The computation of the probability of getting a return between -28% and 64% in any one year is shown below:-
Particulars Percentage
Total probability 100%
Less:
Probability that return will be lower
than -28% 2.28%
1- (NORMDIST (-28%,18%,23%,TRUE)
Probability that return will be More
than 64% 2.28%
(NORMDIST (64%,18%,23%,TRUE)
Probability of getting a return between
-28% and 64% $95.45%
The statement " Incorporators are required to sign the charter, deliver it to the proper state officials, and purchase a certain percentage of the initial stock offering " is FALSE.
Explanation:
Incorporation of a business means making a company officially known by the company's sole property or general partner. If a company forms, it becomes a legal structure separating the individuals who founded the company.
Even though a company does not have a office there, the company must always have a registered agent within the state of incorporation.
Incorporation provides shareholders with immunity from personal liability for the company's debts.
