Answer:
Prepare the year-end closing entries.
Explanation:
d Sales revenue 841310
d Interest revenue 14260
c Cost of goods 531407
c administrative expense 181980
c Income tax expense 37617
c Retaining earnings 104566
Retaining earnings 18198
Dividens payable 18198
Answer:
$60,000 or $12,000
Explanation:
1. Since Zack expects Sparky to use the developed software for a period of five years, we could assume that the revenue for the first year of the contract would be $60,000.
2. Or if we Spread out the average revenue for a period of five years from the licensing fee, 60,000 / 5 (years) would give us 12,000 dollars per year.
Answer:
Budgeted Production is obtained by adding Sales to the desired finished goods inventory and subtracting beginning finished goods inventory.We move opposite to get to the budgeted production .
For example if we have $ 300,000 sales and desired ending inventory is $ 50,000 and finished good beginning inventory is $ 25,000 so the budgeted production would be
Budgeted Production = Sales + Desired Ending Inventory - Beginning Inventory
Budgeted Production = $ 300,000 + $ 50,000- $ 25,000= $ 325,000
Answer:
contingent repayment plan
Explanation:
Are there othr options?
It is based on the borrower's income and the total amount of debt. Monthly payments are adjusted each year as the borrower's income changes
