Answer:
a. Cash 7,000 Accounts Receivable 7,000
Explanation:
As for the information provided, the payment is received for a sales made in last month, and thus entry at the time of sales shall be:
Accounts Receivables A/c Dr. $7,000
To Sales $7,000
Therefore, when the amount is collected today it will increase cash by debiting cash for the same amount.
Further, balance of accounts receivables will be decreased by crediting such account.
Therefore, correct option is
a. Cash 7,000 Accounts Receivable 7,000
Answer:
Instructions are below.
Explanation:
Giving the following information:
Units Produced 20,000
Units Sold 17,000
Unit Sales Price $ 240
Full Manufacturing Cost Per Unit $97
<u>Under the absorption costing method, the fixed manufacturing overhead is part of the product cost.</u>
Income statement:
Sales= (17,000*240)= 4,080,000
Cost of goods sold= (17,000*97)= (1,649,000)
Gross profit= 2,431,000
Variable Selling Expenses= (71,000)
Fixed General and Administrative Costs= (88,000)
Net operating income= 2,272,000
Answer:
you can start a cyber cafe like modern theme of mechanism you can put there some cats there or some toy cars
Answer:
The answer is given below;
Explanation:
Description 0 1 2
Equipment (40,000)
Depreciation
(40,000/10,000)*4,000 (16,000)
(40,000/10,000)*6,000 (24,000)
Savings 28,000 40,000
Salvage Value 15,000
Net Cash flows 12,000 31,000
PV factor 1/1.1 =.91 1/1.1^2=.83
Net present value
PV factor*net cash flows 10,920 25,730
(10,920+25,730) 36,650
Net present value (40,000)+36,650=(3,350)
