Answer:
$1,160,000.00
Explanation:
The amount of cash received during the year is the total sales revenue minus the increase in accounts receivable which is the credit sales upon which payment was not received as well as the decrease in unearned sales revenue which is the sales revenue recorded in the year but its cash was received in the prior year.
Amount of cash received during the year=$1,200,000-$25,000-$15,000=
$ 1,160,000.00
The decrease in unearned sales revenue would a debit to unearned sales revenue and a credit to sales revenue, hence it has increased sales revenue
Answer:
One of the most challenging aspects of a virtual meeting is keeping people’s attention. It’s important to be thoughtful about how you engage attendees. In the first minute of your meeting, help participants experience the problem you want them to solve by sharing statistics, anecdotes, or analogies that dramatize the issue. Then emphasize shared responsibility for solving it. Define a highly structured and brief task they can tackle in small groups of two or three people and give them a medium with which to communicate with one another (video conference, Slack channel, messaging platform, audio breakouts). Then have the groups report out. Never go longer than 5-10 minutes without giving the group another problem to solve. The key is to sustain a continual expectation of meaningful involvement so participants don’t retreat into an observer role. When that happens, you’ll have to work hard to bring them back.
Explanation:
Answer:
C) 100 − 16Y
Explanation:
The computation of the marginal benefit is shown below:
The marginal functions represent the derivatives with respect to the total functions as compared to Y.
so, the marginal benefit function is MB(Y)=dB(Y) ÷ dY
d (100Y - 8Y^2} ÷ dY
= 100 -16Y
Therfeore the option c is correct
Answer:
(a)
Dr Investment in Gordon Corp. 230,400
Cr Cash 230,400
( to record investment in Gordon Corp.; calculated as 10 x 23,000 + 400)
(b)
Dr Investment in Gordon Corp. 18,400
Cr Share of Gordon Corp earning 18,400
( to record share of profit in Gordon Corp, calculated as % of Gordon Corp share owned x Gordon Corp's earnings = 23,000/100,000 x 80,000)
(c)
Dr Cash 45,000
Cr Investment in Gordon Corp. 45,000
( Record dividend receipt from Gordon Corp)
Explanation:
Further explanation, as Morgan Co. acquires 23% of Gordon Corp. ( 23,000/100,000); equity method should be applied.
Answer:
Correct option is (c)
Explanation:
Nominal interest rate is the sum of real interest rate and inflation. The lender charged nominal interest rate of 15% expecting inflation to be 10% in the following year. However, inflation was 12%. So, nominal rate becomes 17% (12% + 5%).
The lender should have charged a nominal interest rate of 17% instead of 15%. Now, he has to bear the loss of 2%. Borrower on the other hand benefited as he is paying lower interest rate than what is prevailing in the market.
