Answer:
$109,000
Explanation:
The accounting equation for the cost of goods sold
COGS = opening finished good + purchases - Closing finished goods
In a manufacturing firm, purchases are also referred to as manufacturing costs.
For Leslie manufacturing:
beginning finished inventory =$40,000
costs of goods manufactured = $ 144,000
Ending finished inventory = $ 45,000
cost of manufacturing for the period:
=$40,000 +$114,000- $45,000
=$109,000
Answer:
The amount of cash inflow from customers that would appear in the operating section of the statement of cash flows is $26400.
Explanation:
Cash flow from customers = Account receivable, beginning + Credit sales - Account receivable, ending
= 2,100 + 6,500 - 1,100
= $26400
Therefore, The amount of cash inflow from customers that would appear in the operating section of the statement of cash flows is $26400.
Answer and Explanation:
The journal entry is shown below:
Notes Receivable, Dame Company $4,945
To Accounts Receivable, Dame Company $4,945
(Being the note receivable is recorded in settlement of the account receivable)
Here the note receivable is debited as it increased the assets and at the same time the account receivable is credited as it decreased the assets. Also the assets contains normal debit balance
Answer:
Option C Depreciate; long
Explanation:
The reason is that the imports of the items starts increasing and as a result the supply of the currency starts increasing which means the demand of the foreign currency increases and as a result the domestic currency weakens in the longer term.
