Answer:
The question is missing cash value to the tune of $39200.00
The statement of goods manufactured schedule has $400,620.00 as the costs of goods manufactured
Secondly, the income statement has $ 77,380.00 as gross profit.
Lastly, the balance sheet has total current assets as $165,100.00.
Find details in the attached excel file.
Explanation:
Please note that items relating net income were omitted as there was no requirement to calculate net income for the year,only gross profit is required.
Answer:
the answer is B
Explanation:
I have did that before just trust me
The answer is <u>"He could securely pick either a commercial bank or a credit union, as long as his savings account balance meets the protection necessities".</u>
While banks and credit unions are both money related foundations that offer comparable administrations (checking and investment accounts, automobile advances, and home loans), the fundamental contrast between a bank and a credit association is that "clients" of a credit association are individuals, and they claim the establishment. A bank is an organization, and like most organizations, a bank intends to amplify benefits for its investors. A credit union is an agreeable — and frequently not-for-benefit — establishment that is possessed by its individuals (clients) who justly choose a governing body. Credit associations will in general spotlight on individuals' needs and endeavor to give credit at sensible rates.
Answer:
The correct answer is b. Accounts Payable, debit; Accounts Receivable, credit.
Explanation:
Accounts payable (AP) represent the amount due on a specific date for the purchase of products or services. Accounts payable are recorded at the time an invoice is approved for payment and are recorded in the General Ledger (or in the CP auxiliary ledger) as a liability, pending payment or open because it has not been settled . Accounts payable are generally classified as Commercial Accounts Payable (that is, payable for the purchase of physical goods that are recorded as Inventory), and Accounts Payable for various Expenses (that is, payable for the purchase of goods and services that are billed). Some common examples of Expense Accounts Payable are advertising, travel, entertainment, office supplies, and services. CPs are a form of credit that providers offer their customers by allowing them to pay for a product or service after it has been received.
Accounts receivable represent collection rights expected to be received in cash. Accounts receivable represent amounts owed by entities to a company for the sale of products and services. In most commercial entities, accounts receivable are normally generated by issuing an invoice and sending it to the customer by mail or electronically, and the customer, in turn, must settle it within a set period of time called credit terms or payment terms.
