The available cash balance is $185,000.
The available cash balance = Income yield from property - cash expenses - principal and interest amount ; available cash balance = $350,000 - $110,000 - $55,000 = $185,000.
The available cash balance is the quantity you can spend properly now. You can consider it as a "budget to be had to withdraw." you can use the money in numerous methods. you may take that quantity from your account in coins, both at an ATM or with a bank teller. Cash cost is a time period used in coins foundation accounting that refers to the recognition of prices as they're paid in cash.
Cash flow is a dimension of the amount of money that your enterprise brings in and spends. Net income measures the entire income of your enterprise after doing away with taxes, charges, and hobbies. Non-cash expenses simplest affect the enterprise's overall income since they do not require any economic outlay.
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What are the answers that your question comes with
Answer:
The correct answer is True.
Explanation:
The development of a new product is the process in marketing and economics through which a company plans to participate in a particular market through the inclusion in it of a new good or service, or with a complete modification and / or update of previous one.
The bases on which the product development process is based are the research and design of goods or services that meet and respond to the tastes and needs that each market poses. It could be considered as new a good or service aimed at new needs of consumers, some substantial change in existing goods or services that may even make them obsolete.
One of the most important aspects lies in the research and analysis of the market, taking into account the possible opportunities that arise. Therefore, this development is considered to be the first stage in the life cycle of a product.
Answer:
1. FIFO inventory is greater than (>) LIFO inventory.
2. FIFO cost of goods sold is less than (<) LIFO cost of goods sold.
3. FIFO net income is greater than (>) LIFO net income.
4. FIFO income taxes are greater than (>) LIFO income taxes.
b. Income shown on the company’s tax return would be lower if LIFO rather than FIFO is used.
Explanation:
FIFO and LIFO are accounting methods used in managing costs related to inventory, stock repurchases at different times and financial activities associated with monetary costs a company had tied up within inventory of feedstocks, raw materials, produced goods, and equipment parts.
Simply stated, FIFO and LIFO are accounting methods is used for the valuation of the cost of goods sold and ending inventory of a company.
FIFO is an acronym for "First In, First Out" and it assumes oldest unit of inventory is sold first, meaning goods that were first added to inventory are the first goods removed from inventory for sale and are recorded as sold first.
LIFO is an acronym for "Last In, First Out" and it assumes last unit to arrive in inventory is sold first, meaning goods that were last added to inventory are the first goods removed from inventory for sale and are recorded as sold first.
Answer: See explanation
Explanation:
Number of units sold = 76000
Percentage repair= 2%
Estimated defective units = Percentage repair × Units sold = 2% × 76000 = 1520
Actual defective units = 490 + 350 + 210 = 1050
Unclaimed warranty = Estimated defective units - Actual defective units = 1520 - 1050 = 470
Repair cost = $50
Warranty expense = 470 × $50 = $23500
The journal entry will then be:
31 December:
Debit: Product warranty expense = $23500
Credit: Estimated liability for product warranty = $23500