Answer:
$24,396
Explanation:
The total of accounts written off for 11 months can be calculated by subtracting the November 30 balance from the total of beginning balance
Bad debt - Bad debt written off
= Allowance for bad debts + bad debts expense - Allowance for bad debts account as at November 30, 2019
= $13,049 + $21,058 - $9,711
= $24,396
I hope this helps ,and i hopes it's right!
B, this answer is correct,
my reason being is because Scholarships are based off of things that you can do in school or sports, and they do not give them out because you can beat box or burp loud.
Answer:
$275,000
Explanation:
Goodwill in business combination arises when the price paid in acquiring a business exceeds the fair value of the acquired business net assets . The fair value is used rather than the carrying amount to ensure fairness and an unbiased result
<u>Workings</u>
Purchase consideration = 250,000*15 =3,750,000
Percentage acquired = 100%
Fair value of net asset = 3,000,000+400,000+75,000= 3,475,000
Goodwill = 3,750,000=3,475,000 =275,000
Answer:
Money is called any element that works in a given territory as a method of exchange of wealth and as a reserve of value, that is, it can be exchanged between individuals for other goods, and that in turn can be accumulated by each individual to add to your personal wealth. In this context, almost any item that has been commonly accepted as having these characteristics can be considered money. However, there are circumstances in which, either due to their lack of storage practicality, or their high value in itself, certain elements escape this possibility. This is the case of a gold ring, whose excessively high value and the impossibility of its fractionation take away the possibility of being used as a method of exchange.
Answer:
b) $0.40 per unit and $8,000.
Explanation:
The computation of the high-low method, the variable cost per unit and the total fixed costs is given below:-
Total Cost Production Units
April $120,000 280,000
May $74,000 165,000
June $90,900 230,000
Using High Low method
Variable Cost per unit = (High Cost - low Cost) ÷ (High Cost Units - low Cost Units)
= ($120,000 - $74,000) ÷ (280,000 - 165,000
)
= $46,000 ÷ 115,000
= $0.40
Fixed Cost = Total Cost - Variable Cost per unit × Production unit
= $120,000 - $0.40 × 280,000
= $8,000
