I think the correct answer from the choices listed above is option II. The purpose of a cover letter would be to <span>add more detailed information about experiences and skills that cannot be found in your curriculum vitae. Hope this answers the question.</span>
Answer:
Explanation:
1. Accounts Receivable - Asset (Come under Current Asset)
2. Equipment - Asset (Come under Fixed asset)
3. Fees Earned - Revenue (Come under income statement)
4. Insurance Expense - Expense (Come under income statement)
5. Prepaid Advertising - Assets (Come under Current Asset)
6. Prepaid Rent - Asset (Come under Current Asset)
7. Rent Revenue - Revenue (Come under income statement)
8. Salary Expense - Expense (Come under income statement)
9. Salary Payable - Liability (Come under current liabilities)
10. Supplies - Asset (Come under Current Asset)
11. Supplies Expense - Expense (Come under income statement)
12. Unearned Rent - Liability (Come under current liabilities)
Answer:
The correct option is B.
Explanation:
It is given that Garnett Co. expects to purchase $180,000 of materials in July and $210,000 of materials in August.
Purchase in July = $180,000
Purchase in August = $210,000
Three-fourths of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase.
In August, the cash disbursements for materials purchases be 3/4th of $210,000 (Purchase in August) and 1/4 of $180,000 (Purchase in July).
August's cash disbursements for materials purchases be
The August's cash disbursements for materials purchases be $202500. Therefore the correct option is B.
Answer:
$620,000
Explanation:
The amount of compensation expense that Korsak should recognize for the year ended December 31, 2022:
= [($34-$20)*124,000*3/4] - [($31-$20)*124,000*2/4]
= [$14*124,000*3/4] - [$11*124,000*2/4]
= $1,302,000 - $682,000
= $620,000
Note: The answer is not included in the option above
Answer:
Difference in retained earnings
= $840,000,000- $825,000,000
= $15,000,000
Dividend paid = Net income - Difference in retained earnings
Dividend paid = $55,000,000 - $15,000,000
Dividend paid = $40,000,000
Explanation:
In this case, there is need to determine the difference in retained earnings, which equal retained earnings at the end minus retained earnings at the beginning.
Dividend paid is calculated as net income minus difference in retained earnings.
