Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $5,200
To Sales revenue A/c $5,000
To Sales tax payable A/c $200
(Being the cash is collected in respect of sales and sales tax)
Since the cash is collected so we debited the cash accounts and the sale is made. Along with it, the sale tax is also collected so these two accounts are credited.
D because it’s like group work there focused on the same thing
Answer:
(A) net working capital = 1,510
(B) current ratio = 1.49
(C) debt to assets = 54.6153%
Explanation:
working capital
current assets - current liabilities
4,570 - 3,060 = 1,510
current ratio
current assets / current liab
4570/3060 = 1.493464052
(c) debt to assets
total liab/ total assets
4,544/8,320 = 54.6153%
Answer:
<em><u>It would generate a financial disadvantage for 62,800</u></em>
Explanation:
It would generate a financial disadvantage for 62,800
Because the product, while is having a loss, their contribution cover is enought to cover at least the avoidable fixed cost.