Answer:
(a) $2,040
(b) $1,020
Explanation:
(a) Under the accrual method of accounting revenue is recognized in the month when product is delivered,
Revenue is recognized on the March income statement from this order:
= Units Delivers × Unit price
= 136 × $15
= $2,040
(b) Revenue is recognized on the April income statement from this order:
= Units Delivers × Unit price
= 68 × $15
= $1,020
Answer:
d. $5,000
Explanation:
Patnode's information is missing, so I looked it up. I found the balance sheet for 2014 and 2015. Hope that it is the same question:
total depreciation expense for 2015 = change in accumulated depreciation (2015 - 2014) + change in accumulated amortization (2015 - 2014) = ($3,000 - $0) + ($3,000 - $1,000) = $3,000 + $2,000 = $5,000
Answer:
20%
Explanation:
Public Limited Companies pay Corporation tax rates, currently set at 20%, on their taxable profits. There are also tax-deductible costs and allowances that can be offset against the company profits for even greater tax savings.
Answer:As a person engaged in the image business, the impression you project consists of your outward apperance the conduct you exhibt in the workplace is known as
Explanation:j
Answer:
Present value= $300.29
Explanation:
Giving the following information:
An investment will pay $120 in one year and $200 in two years. The interest rate is 4%.
To calculate the present value we need to use the following formula:
PV= FV/(1+i)^n
PV= present value
FV= final value
i= interest rate
n= number of years
PV1= 120/1.04^1= 115.38
PV2= 200/1.04^2= 184.91
Present value= $300.29
