Answer:
Sales ticket, Telephone bill, Invoice from supplier and Bank statement
Explanation:
Source documents are used as source of information for accounting entries that can be either electronic or paper form. It is the original document which contains the details of a business transactions. It is the source to record accounting transactions. Usually it contains 'Names of the parties involved, Amounts, the date and substance of the transaction'. Simply for the auditor it serves as an evidence to accounting transactions and for the company it serves as a proof.
<u>Source documents:</u>
Sales tickets, it is the evidence to sales revenue
Telephone bill, it is the evidence to telephone expense
invoice from supplier, it is the evidence to purchases
Bank statement, it is the evidence to 'bank charges like interest expense, interest income.
Answer:
$11,895,000
Explanation:
Expected annual earnings before tax = $21,000,000
Debt issue = $30,000,000
Interest rate = 9%
Annual Interest expenses = $30,000,000 × 9%
= $2,700,000
EBT = EBIT - Interest expenses
= $21,000,000 - $2,700,000
= $18,300,000
Net income = $18,300,000 × (1 - 35%)
= $11,895,000
Cash flows available to equity holders after recapitalization will be $11,895,000.
Answer:
A = P (1 + r / m)^n
m
A = Amount
P = Interest rate
R = interest rate
N = number of years
m = number of compounding
Explanation:
The sale for more than the original cost basis before depreciation of machinery is used in trade or business is Section 1245 and Section 1231.
A business is described as an organization or enterprising entity engaged in commercial, commercial, or professional activities. groups can be for-earnings entities or non-profit companies. Enterprise sorts range from confined liability groups to sole proprietorships, organizations, and partnerships.
A business case describes the purpose, or reason, that an enterprise became to start with the base. It describes what makes an enterprise-specific, in addition to what the commercial enterprise plans to do. A business case isn't a venture or price statement and is plenty shorter than both.
The definition of business is an occupation or change and the purchase and sale of services or products to make a profit. An instance of commercial enterprise is farming. An instance of business is a house sale.
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Answer:
Company must make sales of $600,000.
Explanation:
Compute the contribution margin of the company:
Contribution margin=Pre−Tax Income+Fixed Cost
=$60,000+$270,000
=$330,000
Thus, the contribution margin is $330,000. It is computed by summing up the fixed cost and the pre-tax income of the company.
Compute the total sales of the company:
Contribution margin ratio= Contribution margin / Sales
55%= $330,000/ Sales
Sales= $55% / $330,000
=$600,000
The sales of the company are $600,000.
