Answer:
$60
Explanation:
The computation of interest revenue is shown below:
= Note receivable amount × rate of interest × given number of months ÷ (total number of months in a year)
= $1,000 × 12% × (6 months ÷ 12 months)
= $60
Basically we multiplied the note receivable amount with the interest rate and the given number of months so that the interest revenue could come
Answer:
The correct interpretation of the given problem is outlined in the following portion of the explanation.
Explanation:
On 2019,
Company purchased = $540,000
Life useful = 5 years
(1)...
On year 2019,
On putting the values, we get
⇒ 
⇒ 
Journal - Dr $108,000 in depreciation A/c.
(2)...
Assets A/c Dr $ 92,880, To reassess surplus $92,880
Now,
On putting the values, we get
⇒ 
⇒ 
(Gained revaluation)
(3)...
On year 2020,
On putting values,
⇒ 
⇒ 
Journal - Depreciation A/c Dr. $131,220
.
(4)...
Surplus revaluation: Dr $39,312
On putting values,
⇒ 
⇒ 
(Loss revaluation)
Marine recon/spec op team is i pick hope this helps
Answer:
Proportion of sales of each department.
Explanation:
Advertising expense directly effects the sales of the business. As the campaign is made store-wide sales and it does not directly traceable to any specific department. It need proper basis for allocation of expenses. The proportion of sales of each department is the most suitable basis from all of the given options because the share of benefit from the campaign is received in the form of sale. A campaign might mostly effects the sales.
To find your net sales you will follow the equation:
Net sales = Gross sales - returns, allowances and discounts
Gross sales = $19,000
Returns = $1,750
Discounts = $3,000
Net sales = $19,000 - $1,750 - $3,000
Net sales = $14,250
