Higher benifits and Lower Costs
Answer:
(a) $1,200
(b) $330
Explanation:
(a)
- The advance payment was issued in 2018, however the items throughout 2018 were not shipped.
- The products were distributed throughout 2019 as well as the transaction for accounting information requirements was announced throughout 2019.
Therefore, in 2019, $1200 would include gross revenue
(b)
<u>Service contract for 6 months will be:</u>
Drake would include gross income throughout 2019 of ($)and gross income throughout 2020 of $120. In October year 2019, because a corporation offered a 6-month contract, total sales in 2019 represented just a 3-month service agreement.
<u>Service contract for 36 months will be:</u>
- Throughout 2019 gross sales, Drake would include .The residual balance would not have been all conducted until the close including its tax year of collection since the contract became sold through 36 month.
- The residual amount of is thus used throughout gross sales for 2020.
Consequently,
⇒ Cumulative gross income used throughout 2019 = total earnings of 6 months service agreement + gross income of 36 months service agreement
⇒
⇒ ($)
Answer:
- <u><em>functions that return a logical value:</em></u>
<u><em>AND </em></u>Returns TRUE if all of the arguments evaluate to TRUE. =AND(A2>=10, B2<5)
<u><em>OR </em></u>Returns TRUE if any argument evaluates to TRUE. =OR(A2>=10, B2<5)
<u><em>XOR </em></u>Returns a logical Exclusive Or of all arguments. =XOR(A2>=10, B2<5)
<u><em></em></u>
2. <u><em>I and functions return a logical value?</em></u>
<u><em></em></u>
<u><em>TRUE</em></u>
The IF function can perform a logical test and return one value for a TRUE result, and another for a FALSE .
As explained above the AND function return a logical value
Answer:
Cash available will increase.
Explanation:
<u>Decrease in of Account Receivable in terms of cash:</u>
The company will collect quicker from his customers. Theerfore the collection cycle will decrase and more cash will be available for use
<u>Increase of Account Payable in terms of cash:</u>
The company will delay payment for longer period of time. The payment cycle will increase. Less cash will be used as the obligation are settle in longer periods
<em></em>
<em>Overall:</em>
The combined effect will increase cash available, as the cash inflow increase form the reduced collection cycle. And also, the cash outflow decrease from the increase in the payment cycle