The correct answer is that there was $3,080 worth of office supplies purchased during the period.
In order to answer this question you know that the company started with $630 worth of office supplies and ended the year with $460 worth, or $170 less than they started with. The company used $170 of supplies from inventory, so they needed to purchase another $3,080 in order arrive at the $3,250 that we know was the total expense during the reporting period.
Answer:
$135,260
Explanation:
Remember to follow the cash collection history to determine the budgeted cash receipts for January.
Budgeted cash receipts for January
January Cash Sales $113,000 x 20% $22,600
January Credit Sales $113,000 x 80% x 40 % $36,160
December Credit Sales ($73,500 - $27,000) $46,500
November Credit Sales $27,000
Total $135,260
Therefore,
Boone Co.'s budgeted cash receipts for January is $135,260
Answer:
Void
Explanation:
Void is the term of law, which is defined as the contract is not valid currently, and the parties of the contract are not held to its terms. The void contract is the one which is generally unenforceable.
The contract could be void because of many reasons like the contract need one party to perform that act which is impossible or in that case, where one party is not mentally incompetent.
So, in this case, the contract is most likely to be void as the contract with the party who is mentally incompetent, though the party has not been adjudged through court.
The answer is:
Traditionally, SOCIAL ENTERPRISES were always set up as non profit corporations.
I would say the subsidies for corn-based sugar will result in more of that sugar being produced and therefore sales should increase and the government should benefit by more tax revenue in the long run to offset the cost of the subsidies.
