Since the company paid for $6000 good for one year, look for
the monthly advertising payment, to do this divide the total payment by 12 months.
6000/12 = 500. So the monthly payment would be $500.
a.
Cash basis accounting:
Advertising expense using cash basis would be $6000. Because
the company already paid for the advertising good for 12 months.
b.
Accrual basis accounting:
Advertising expense under accrual basis would be $1000.
Calculations:
$6000 Advertising prepaid on January 1 for 12 months.
Advertising expense per month is $500.
Advertising expense per month× 2 months = $1000 Advertising
expense for January and February.
Answer:
$188,170
Explanation:
Cash collection in a month includes the collection of current and prior years's of credit sales.
Cash Collection for September is $188,170.
It includes 7% collection of July sales, It includes 35% collection of August sales and It includes 55% collection of September sales.
Schedule for Cash Collection is attached with this answer please find it.
The owner is usually the one who developed the menu.
Answer:
Increase; Increase
Explanation:
A government budget surplus from reduced government spending (no change in net taxes) will increase the level of investment in the economy and increase the level of total saving (private plus public) in the economy
Cities are municipal corporations that operate under C. Charters from the state.
