Answer:
Total annual cash inflow= $5,000
Explanation:
The total annual cash inflow will be the sum of the savings in operating costs and the incremental contribution from the sale of the bagels.
Annual contribution from Bagel = 1,500×$0.90=1350
Operating cost savings = 3,650
Total annual cash inflow = 1,350 + 3,650 =5,000
Total annual cash inflow= $5,000
<span>Answer : Chart of accounts
Explanation:
A chart of accounts (COA) is a created list of the accounts used by an organization to define each class of items for which money or the equivalent is spent or received. It is used to organize the finances of the entity and to segregate expenditures, revenue, assets and liabilities in order to give interested parties a better understanding of the financial health of the entity.</span>
Buy the car if it is good quality... or if he has enough money
Answer:
Miller's retained earnings on December 31, 2016 is $9,000,000.
Explanation:
Miller's retained earnings on 31 December 2016 = retained earnings on January 1, 2016 + net income - declared dividends
= $8,000,000 + $1,500,000 - $500,000
= $ 9,000,000
Therefore, Miller's retained earnings on December 31, 2016 is $9,000,000.
Answer and Explanation:
The Journal entry is shown below:-
On November 2022
Cash Dr, $193,200 (6,900 × $28)
To Unearned Subscription Revenue $193,200
(Being the receipt of the subscriptions is recorded)
Therefore to record the receipt of the subscriptions we simply debited the cash as it increased the assets and we credited the unearned subscription revenues as increased the liability so that the correct posting could be done
