Answer:
$288,500
Explanation:
Particulars Amount
Retained Earnings Dec 31, 2012 $306,800
Less: Net Loss for the Year $4,000
Less: Dividend declared and paid in 2013 <u>$14,300</u>
Retained Earnings Dec 31, 2013 <u>$288,500</u>
Complete Question:
The average weight of the 36 children in the group was 55 kgs. 5 children of average weight 53 kgs left the group. What was the new average weight of the group in kg?
Answer:
The new average weight of the group = 1,715/31 = 55.32 kgs
Explanation:
Average weight of 36 children = 55 kgs
Total weight of 36 children = 1,980 (36 * 55) kgs
Average weight of 5 children = 53 kgs
Total weight of 5 children = 265 (53 * 5) kgs
When 5 children of 53 kgs average weight left the group,
the remaining 31 children (36 - 5) had total weight = 1,715 (1,980 - 265)
Therefore, the new average weight for 31 children at a total of 1,715, will be
= 1,715/31
= 55.32 kgs
Answer:
D.
Explanation:
It’s subjective.
I think it’s subjective because it’s about the benefit of the calculations of a cost.
Answer:
cash 1,470
sales discount 30
return goods 1,100
sales revenue 2,600
to record payment received from Morton Company
Explanation:
on sale:
account receivable 2,600
sales revenue 2,600
we analize the commercial terms:
2/7 within the first 7 days, paying the invoice generates a 2% discounts
n/30 after that, until 30 days pays the nominal amount
balance at payment date:
sales for 2,600
returned goods: (1,100)
balance 1,500
discount 1,500 x 2% = 30
journal entry:
cash 1,470 (1,500 nominal - 30 discount)
sales discount 30
return goods 1,100
sales revenue 2,600
