Answer:
On the 50th day, the purchase cost will be equal to the lease cost
Explanation:
Given that:
- Daily operating costs of $500
- Purchasing cost for the item: $10,000
- Lease amount: $700
Let x is the number of days the purchase cost be the same as the lease cost. As we now that:
The total cost should be equal to the total lease received
<=> 10,000 + 500x = 700x
<=> 200x = 10000
<=> x = 50
Hence, on the 50th day, the purchase cost will be equal to the lease cost
A federal agency that regulates the stock market
Answer:
The Journal entry is as follows:
Construction in progress A/c Dr. $950,000
Cost of construction A/c Dr. $1,600,000
To revenue from long term contracts $2,550,000
(To record the revenue in 2018)
Workings:
Cost of construction:
= cost of 2017 + cost of 2018
= $1,100,000 + $500,000
= $1,600,000
Answer:
Dr Cash $1,500
Cr Account Receivable $1,500
Explanation:
Based on the information given we were told that Adriana receives the amount of $1,500 from a client that was billed in a previous month for services provided which therefore means that the appropriate general journal entries that Adriana Graphic Design will make to record this transaction is:
Dr Cash $1,500
Cr Account Receivable $1,500
The system of materials handling called a unit loading is used by Honda in placing its several motorcycles in ""pods"" in order to load them efficiently using forklifts.
<h3>What is an
unit loading?</h3>
This refers to the size of an assemblage into which a number of individual items are combined for ease of storage and handling.
For instance, in the warehouse loading, the pallet load represents a unit load which can be moved easily with a pallet jack, forklift truck and the container load represents a unit for shipping purposes.
Hence, the system of materials handling called a unit loading is used by Honda in placing its several motorcycles in ""pods"" in order to load them efficiently using forklifts.
Read more about unit loading
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