Answer:
the value for Liabilities on March 31, 2020 is $22,000
Explanation:
Liabilities are current obligations of the entity that arose as a result of past events, the settlement of which will results in the outflow of cash from the entity.
To calculate the value for Liabilities on March 31, 2020,<em> make adjustments</em> to the liability balance that exists at the start of the year <em>with movement that qualify as liabilities</em> as defined above.
Opening balance as at 1 January 2020 = $22,000
Movements in liabilities = $0
Balance as at March 31, 2020 = $22,000
Conclusion :
The liabilities value on March 31, 2020 remains at $22,000
Their salaries are DIRECT EXPENSES. Direct expenses refers to expenses incurred which vary directly with changes in the quantity of cost objects. Cost objects are items for which expenses are measured such as costs of materials used to manufacture a product.
Answer:
a) 6 dollar per ticked
b) from 25 to 35 the young adult will be charged with a higher price whilethe other groups, elderly, teenagers and children with a minimum price of 6
Explanation:
Erin $ 6 9
Grace $ 9 14
David $ 7 16
Charlie $ 6 45
Allison $ 8 66
<em>Franco $ 10 28</em>
<em>Becky $ 11 34</em>
a) the max revenue comes from charging 6 dollar per ticket:
7 people x 6 dollar = 42 dollars
if we charge more like seven dollar then, we lose two customer and we don't make up for that lose:
5 people x 7 dollars = 35 dollars
b) the young-adult group will be the target to price discrimination they will be charged with 10 dollars if the cinema could do it.
Answer:
Dividend expense will be $20000
Explanation:
We have given share used = 12000 shares
And Treasury stock = 2000 shares
It is given a regular dividend of $2 per share
We have to find the dividend stock
Outstanding share = Share used - treasury stock = 12000 - 2000 = 10000 shares
So dividend expense = $2×10000 = $20000
So dividend expense will be $20000
Answer:
In the question, collection of sales is not given which is credit sales are collected 25% in the month of sale,50% in the month after sale,16% after two month of sale and 9% are never collected.Keeping in mind these pattern of collection of credit sales,the working is attached for ready reference
Explanation:
