Answer:
The amount of cash received on January 24 is $3332
Explanation:
The amount of cash received will be for the net amount of receivable after adjusting for sales returns and the sales discount as the payment is received within the discount period of 10 days as stated by the term 2/10 which means a 2% discount if payment is received within 10 days of sale.
The accounts receivable at January 15 after sale were $4500. Out of this amount, $1100 of returns are made. Thus, the remaining balance of accounts receivables after return is $4500 - $1100 = $3400
The discount received will be = 3400 * 2% = $68
Thus, the cash received on January 24 will be 3400 - 68 = $3332
When Raphael Corp. incorrectly mentioned an expense of equipment addition instead of capitalizing the effect of the same, then in such case, the net income of the company is understated in the financial statements.
<h3>What is net income?</h3>
The income which is left at the end of an organization at the end of a financial period after making all the regulatory and compliant payments and deductions, such as taxes and depreciation, it is known as net income.
Hence, the significance of net income is aforementioned.
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Your will, determination, your passion for doing a particular thing should decide the career you should opt for.
<u>Explanation:</u>
While picking a vocation it is indispensable to have a decent understanding on what your qualities, interests, abilities and character characteristics are. To know altogether what are the things that you appreciate doing, what are the things that you are acceptable at and what you esteem most in your life will present to you a bit nearer into the correct vocation way.
So before picking a vocation consider the abilities you have obtained for an incredible duration, consider what of your inclinations can be transform into an expert profession and consider your character inclinations and basic beliefs so you recognize what kind of expert you seek to be.
Answer:
The answer is a) Credit to additional Paid In Capital: Treasury Stock Transactions of $10,000.
Explanation:
The repurchased price per share in April 16,2018 is equal to: 660,000/12,000 = $55 per share;
Thus, once the reissued of these 12,000 repurchased shared took place, common stock account will be credited at the amount equal to 55 x Number of share reissued. In case the reissued price is higher than $55, the surplus amount will be Credited into Paid-in Common share account to present the difference between cash receipt and common share recorded; in case reissued price is lower than $55, Retained earning account will be debited to present the difference between cash receipt and common share recorded
As a result, the reissued of share on November 4,2019 will include a $10,00 credited to additional Paid In Capital; calculated as (65-55) x 1,000 = $10,000.
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Answer:
OA.<u> Following the workplace dress code</u>
Explanation:
By Following the workplace regulations or rules they may have will most likely lead to success in the workplace.
Option B. is incorrect because It's important to work with other people or ask for help.
Option C. That is incorrect because it may seem like you are Anti-Social.
Option D. is incorrect because If you have a certain time to be at work and you show up whenever you want there may be consequences.
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