Answer:
32.59 days
Explanation:
DSO = Average receivables / Sales Revenue X 365
= $56,736 / (2,473,701 - 1,838,207) x 365
= $56,736 / (635,494) x 365
= 32.59 days
Answer:
Journal Entry
General Ledger Dr. Cr.
Cash $7,085
Sales Tax Payable $585
Sales $6,500
Explanation:
Sales tax is the amount of tax collected by the business on the taxable sales from customers on behalf of government and pay it to government after that. Sales tax will be included in the cash received from the customer and recorded as the payable for the business.
Sales Value = $6,500
Sales Tax = 9%
Sales inclusive of Sales tax = $6,500 x 109% = $6,500 x 1.09 = $7,085
Answer:
Ice, liquid water, and water vapor differ in the arrangement and motion of water molecules
Explanation:
Answer:
Explanation:
A capitalized cost of an asset is made up of
1 . Purchase price import duties and non refundable taxes less trade discount and rebate
2. Direct cost of bringing the asset to its present position
3. Fair value given in exchange for the the assets
Cost of Computer
Purchase Price - $10,000
Fair value of White common stock - $4,200
Installation cost - $ 700
Shipping cost - $ 500
Total Cost - $15,400
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