Answer:
a. $720,000
Explanation:
Since in the question, it is given that the equipment is sold at the list price
The list price is $800,000 and the selling percentage is 90%
So, the revenue should be recorded
= List price × selling percentage
= $800,000 × 90%
= $720,000
Simply we multiplied the list with the selling percentage so that the correct amount can come
Answer:
The proforma income statement and balance sheet are found in the attached
Above all,additional financing of $1982 is required to finance the growth of 20%
Explanation:
The additional finance is necessary as the assets required for the additional growth of 20% is worth $27900 while debt plus equity(including the added profit of $1318) only gives $25918,there resulting in shortfall in finance of $1982.
Also, a different source of finance other than debt can be used depending the interest applicable since the amount involved is minute.
Answer:
D)
Explanation:
D) identify and evaluate opportunities by conducting segmentation, targeting, and opositioning analysis.
Organization Expenses Dr 7,500
Cash 7,500
June 14 Cash Dr 120,000
Common Stock 110,000
Paid-In Capital in Excess of par value—Common 10,000
June 22 Cash Dr 120,000
Preferred Stock 90,000
Paid-In Capital in Excess of par value—Preferred 30,000
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