debits Depreciation expense, while the other debits Manufacturing overhead
Yw and pls mark me as brainiest
Answer:
a. $46,000
see the other answers in the explanation
Explanation:
(a) Fair value of leased asset to lessor $245,000
Less: Present value of unguaranteed residual value $24,335 X .63017
(present value of 1 at 8% for 6 periods) $15,335
Amount to be recovered through lease payments $229,665
Six periodic lease payments $229,665 ÷ 4.99271 $46,000*
*Present value of an annuity due of 1 for 6 periods at 8%.
b.
(c)
1/1/17
Lease Receivable 245,000
Cost of Goods Sold 229,665
Sales Revenue 229,665
Inventory 245,000
1/1/17
Cash 46,000
Lease Receivable 46,000
12/31/17
Lease Receivable 15,920
Interest Revenue 15,920
1/1/18
Cash 46,000
Lease Receivable 46,000
12/31/18
Lease Receivable 13,514
Interest Revenue 13,514
The answer in the blank provided is freedom because freedom, well being and fairness would be affected if they go through unethical marketing. It is because they violate the rules that affects the freedom, well being and fairness in terms of marketing of those people who are affected. If they continue to this, there will be no freedom, the well being could be affected in different ways and there will be no fairness among them.
Answer:
9.6 times ; 37.9 days
Explanation:
The computation of the accounts receivable turnover and the average collection period is shown below:
Accounts receivable turnover ratio = Credit sales ÷ average accounts receivable
where,
Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2
= ($4,350 + $3,150) ÷ 2
= $3,750 million
And, the net credit sale is $36,100 million
Now put these values to the above formula
So, the answer would be equal to
= $36,100 million ÷ $3,750 million
= 9.6 times
And, the Average collection period in days = Total number of days in a year ÷ accounts receivable turnover ratio
= 365 days ÷ 9.63 times
= 37.9 days
