Answer:
The Journal entries with their narration is shown below:-
Explanation:
The Journal entry is shown below:-
1. Account receivable Dr, $29,400
To Sales revenue $29,400
(Being Sales revenue is recorded)
2. Sales return and allowance Dr, $2,200
To Account receivable $2,200
(Being Sales return is recorded)
3. Cash Dr, $26,928
($29,400 - $2,200) × 99%
Sales discount Dr, $272
To Account receivable $27,200
($29,400 - $2,200)
(Being cash is recorded)
Answer:TRUE
Explanation: Competitive advantage is a term used in business or economics to refer to Opportunity gained by a business organization over others either through REDUCED PRICE,BETTER QUALITY OF PRODUCT OR SERVICE,THROUGH ECONOMIES OF SCALE, THROUGH INNOVATION etc an organization with a good Competitive advantage will generate more Revenue compared to others. Competitive advantage helps to make an organization better than others.
Answer: Poland
Among the four countries, Iran, Malaysia, Poland and Turkey, Poland had the highest per capita GDP in 2013 and ranked 61st with $21,00 per capita GDP. Malaysia ranked 74th at $16,900. Turkey ranked 85th at $15,000 and Iran ranked 97th at $13,100.
Answer:
n = 43.6673555
it will take 43.67 year to achice a real GDP of 98,000
Explanation:
we solve for time of a future lump-sum:
we use logarithmics properties:
PV 49,000
FV 98,000
rate 1.6%
n = 43.6673555
To calculate:
1) Net income (loss) for 2010.
2) Operating cash flow
Solution: 1)
Sales = $850000
Less: Cost of goods sold = $610000
Gross profit = $240000
Less: Administrative and selling expenses = $110000
Earning before Interest, Tax and Depreciation = $130000
Less: Depreciation = $140000
Earning before Interest and Tax (EBIT) = ($10000)
Less: Interest expense = $85000
Earning before tax (EBT) = ($95000)
Less: Tax = $0 (as company is having negative EBT or loss hence no tax)
Net loss = $95000
2) Operating cash flow
EBIT + Depreciation - Tax
Wherein, EBIT = Earning before Interest and Tax
($10000) + 140000 - 0 = $130000
