Answer:
The correct option is B.
Explanation:
It is given that Garnett Co. expects to purchase $180,000 of materials in July and $210,000 of materials in August.
Purchase in July = $180,000
Purchase in August = $210,000
Three-fourths of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase.
In August, the cash disbursements for materials purchases be 3/4th of $210,000 (Purchase in August) and 1/4 of $180,000 (Purchase in July).
August's cash disbursements for materials purchases be
The August's cash disbursements for materials purchases be $202500. Therefore the correct option is B.
Answer:
Balance sheet:
Accounts Payable
-Liability
Property, Plant. and Equipment
-Asset
Long-Term Debt-Liability
Retained Earnings-equity account
Prepaid Expense
-Asset
Common Stock
-equity account
Accounts Receivable-Asset
Income statement:
Cost of Goods Sold-expense
Research and Development-expense
Explanation:
Property, plant and equipment , accounts receivable and prepaid expenses would appear on the asset side of the balance sheet.
Long-term debt and accounts payable are both liabilities since they are obligations owed to third parties while retained earnings and common stock are both equity account
Lastly,cost of goods sold and research and development cost are expenses in the income statement
Answer:
Units of production method: $76,820
Explanation:
The three most common depreciation methods are: straight line, double-declining, and units of production. We will calculate the depreciation expense for each.
Straight line method:
Depreciable amount= cost - residual value
= 240,000 - 40,000
= 200,000
Depreciation by year = depreciable amount / years of useful life
= 200,000 / 8
= 25,000
Double declining method
Depreciation per year = depreciable amount x (2 / useful life in years)
= 200,000 x (2 / 8)
= 50,000
Units of production method
Depreciation per unit = depreciable amount / hours of operation
= 200,000 / 12,000
= 16.7
Total depreciation = depreciation per unit x actual units of operation
= 16.7 x 2,400 + 2,200
= 16.7 x 4,600
= 76.820
Therefore, the units of production method results in the highest depreciation expense among the three.
Answer:
Supply and demand and price
Explanation:
In economics, the forces of supply and demand determine the price in the market.
Answer:
Use at least three extensions in each campaign or ad group.
Explanation:
Google recommends that in other to optimize Google ad campaigns at least three extensions should be used for each campaign or ad group: At the point of each auction, Sandy's ad will be assembled with the most appealing extensions. Elegible extensions will give Sandy's ads more opportunity to meet users’ specific needs.
