Answer:
இ௰இ
Dam i only have the old cd.. i dont get updates
Explanation:
Answer:
Cash Over and Short
Explanation:
An income statement account that is used to record cash overages and cash shortages arising from petty cash transactions or from errors in making change is titled Cash Over and Short.
By definition, 'Cash Over and Short' is an account within the general ledger of a company in the income statement in which shortages or overages of cash is posted.
At the end of the period, the balance in the account (whether debit or credit) will determine what side of the income statement it will appear.
Select an appropriate topic.
Research and gather ideas about the subject.
Make a list of these important facts.
Create an outline that will organize your facts in a logical way.
Write the essay based on the outline you've created.
Answer:
$100,340
Explanation:
<em>The amount of cost recorded in the asset account would be:</em>
List price $93,000
Less: Discount ($93,000*2%) $1,860
Add: Freight $3,800
Add: Installation&Testing <u>$5,400 </u>
Cost of the machine <u>$100,340</u>
Note: Insurance cost is not included in the cost of the machine
Given:
Total winnings = $700000
Rate on utility bond = 80% per year
Rate on savings account = 20% per year
To find: Funds to be allocated to each investment so as to get same income from both investments.
Solution:
Let the amount invested in utility bonds be x.
Let the amount invested in savings account be y.
We get equations as below,
x + y = 700000
y = 700000 - x
0.80x = 0.20y
Putting value of y in the formula, we get
0.80x = 0.20 (700000-x)
0.80x = 140000 - 0.20x
x = 140000
x = $140000
y = $700000 - x
y = $700000 - $140000
y = $560000
So, in order to get same income from both the investments $140000 should be invested in utility bonds and $560000 should be invested in savings account.