What is required for a patent?

Merchandise is ordered on june 13; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed by th

scoundrel [369]

June 18th.

The date that the buyer receives the item is not important for the credit period, which starts the day the items are send out and invoiced.

4 0

3 years ago

Jasper Company has sales on account and for cash. Specifically, 70% of its sales are on account and 30% are for cash. Credit sal

kaheart [24]

Answer:

Jasper Company

Cash Receipts Budget for April, May, and June:

April May June Total

Cash Sales 30% $157,500 $160,500 $168,000 $486,000

Credit Sales 70% 400,000 367,500 374,500 1,142,000

Total $557,500 $528,000 $542,500 $1,628,000

Explanation:

1. Cash Receipts Budget shows the estimated cash receipts from customers and other sources.

2. Calculations:

a) Cash Sales for April = 30% of April Sales = 30% * $525,000 = $157,500. The difference of 70% is received in May.

b) Sales received on account for April = 100% of Accounts Receivable = $400,000.

c) Cash Sales for May = 30% of April Sales = 30% * $535,000 = $160,500. The difference of 70% is received in June.

d) Cash Sales for June = 30% of April Sales = 30% * $560,000 = $168,000. The difference of 70% is received in July.

3 0

3 years ago

The statement reflecting changes in permanently restricted, temporarily restricted and unrestricted net assets for a private sec

ki77a [65]

Answer:

Statement of Net Assets or statement of financial position.

Explanation:

Statement of net assets shows the permanently restricted, temporarily restricted, and unrestricted funds. This is represented into he equity section.

A template for the creation of statement of financial position is provided by the IRS form 990.

Unrestricted assets are donations to the organisation that can be used for general expenses.

Temporarily restricted assets are set aside for a particular project by donors

Permanently restricted assets are those that are invested in perpetuity, and the revenue earned is used for a specific purpose.

3 0

3 years ago

On January 1, Year 1, the Mahoney Company borrowed $164,000 cash from Sun Bank by issuing a five-year 8% term note. The principa

Georgia [21]

Answer:

Principal payment = $27,505.00

Explanation:

<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.</em>

The principal repayment in year 1 = Annual payment - Interest payment in year 1

<em>Interest payment in year = Interest rate × Principal Amount</em>

=8% × 164,000

= $13,120.00

Principal payment = $40,635 - 13,120 = $27,505.00

Principal payment = $27,505.00

8 0

3 years ago

You work for Emerita's Pizzeria and have been given the task of looking at company goals and deciding how the goals will be acco

Vesna [10]

The plans that must be involved are the strategic planning, the mid level, the low level, the operational planning, the top level planning.

Explanation:

In the strategic planning the company's stakeholders will ask them were they want their company to be in five years

The middle level staff will decide to focus in recruiting the new clients and to increase the productivity and they will find the way to give back to the company

Being a low level employee it is necessary that one must interact with the customers and contribute to the company's performance

In the operational planning it will be difficult to manage the customers meet their day to day needs and satisfy them

A meeting will be held with the top level staff and hence they will be coming up with the new tools of the operational planning

3 0

2 years ago