Answer:
Current year cost of goods sold is $181,800.
Explanation:
The current year cost of goods sold is calculated as follows:
Current year cost of goods sold = Last year cost of goods sold + Current year change
= $180,000 + ($180,000 * 1%)
= $180,000 + $1,800
= $181,800
Therefore, current year cost of goods sold is $181,800.
Answer:
option a 13.5%
Explanation:
Expected
Return Volatility
Value Stocks 0.12 14%
Growth Stocks 0.15 24%
<u>Solution</u>
Expected return on market portfolio = Weight of value stock * return of value stock + weight of growth stock * value of growth stock
Expected return on market portfolio = 0.5 * 0.12 + 0.5 * 0.15
Expected return on market portfolio = 0.06 + 0.075
Expected return on market portfolio = 0.135 or 13.5%
Answer:
Kailua and Company
Schedule of Cash Collections
August September
Cash collections from June $25,200 $0
Cash collections from July $38,500 $19,250
Cash collections from August $17,220 $43,050
<u>Cash collections from September $0 $17,800 </u>
Total cash collections $80,920 $80,100
I suppose that 5% of the billings are uncollectible since 20% + 50% + 25% = 95%.
Answer: the answer is B on edgenuity. hope this help :)
Explanation:
Answer:
increase total assets by $1,300.
Explanation:
The net effect is shown below
The first entry is
Cost of goods sold Dr $2,300
To Merchandise Inventory $2,300
(Being the cost of inventory is recorded)
Now the second entry is
Account receivable Dr 3,600
To Sales revenue 3,600
(Being the sales is recorded)
Now the net effect is
= 3,600 - 2,300
= 1,300
This 1,300 reflect the increase in the total assets
