Answer:
True
Explanation:
John Maynard Keynes developed the Keynesian economics, which was basically aimed to study and analyse the Great Depression.
As per the economists Keynes, the government should have made great expenditures in order to provide resources and generate and pull demand for the same.
The government shall also decrease the tax rates for creating and increasing the spending capacity of the people.
This accordingly, would help the economy fight with Global Depression.
Answer:
$86,000
Explanation:
FIFO means first in, first out. It means that the first purchased inventory is the first to be sold.
This means thay the 500 units sold would be taken from the earliest purchased inventory and the ending inventory would be the most recently purchased inventories.
Ending inventory = (80 × $150) + (370 × $200) = $12,000 + $74,000 = $86,000
I hope my answer helps you
Answer:
C. $3,685
Explanation:
Total dividends paid in first 4 years
= $2,410 + $0 + $1,570 + $1,060
= $5,040
Retained Earnings ending balance is the net of the total income earned over the years less the total dividend paid through the years.
Retained Earnings ending balance = Total income - total dividend paid
$9,700 = Total income - $5,040
Total Income = $9,700 + $5,040
= $14,740
Average annual amount of net income (loss) over the first four years for Aikman
= $14,740/4
= $3,685
Option C.
Answer:
(D) Property taxes for the first year owned.
Explanation:
Capitalized cost is an added expense of a fixed asset. This is not the price paid for an asset but an additional expense incurred overtime in the form of depreciation or amortization. Excluded in this cost is the property taxes for the first year owned. It is included in the cost basis of the asset.
Answer:
- The journal to record the write-off is:
Debit Allowance for doubtful accounts $6,400
Credit Accounts receivable $6,400
- Cash realizable value of the accounts receivable (1) before the write-off is $670,300 (2) after the write-off is $670,300.
Explanation:
- The write-off would impact the allowance for doubtful accounts and the accounts receivable since Bramble Corp. uses the allowance method. See the journals as recorded above.
- The balance in the allowance for doubtful accounts would have reduced by $6,400 upon the write-off, so did the balance in the accounts receivable, so the effect of the write-off evens out. That led to the cash realizable value of $670,300.
