Answer:
the answer is C. department store
Answer:
b. $ 16,940
Explanation:
First we need to determine the allowance for uncollectible accounts to be made for the year.
Allowance for uncollectible revenue is 1 % of revenue on account.
Revenue on account is $ 86,000 so the allowance for uncollectible accounts is $ 86,000 * 1 %= $ 860
The gross receivable value is amount of revenue on credit less the collections
Revenue on credit $ 86,000
Less: collections on account <u>$ 68,200</u>
Gross receivables $ 17,800
Less Allowance for uncollectible accounts <u> $( 860)</u>
Net Realizable value of receivables <u> </u><u>$ 16,940</u>
Based on the expected sales, net profit margin, and dividend payout ratio, the projected increase in retained earnings for Khadimally Inc, is $33,181.71.
<h3>What is the projected increase in retained earnings?</h3>
First find the expected profit:
= Sales x Net profit margin
= 763,500 x 5.3%
= $40,465.50
The projected increase is:
= 40,465.50 x (1 - 18%)
= $33,181.71
Find out more on retained earnings at brainly.com/question/25998979.
Answer:
is achieved when 25 units are produced.
Explanation:
profit is maximum at MR = MC
MR = 100 - 4Q
the MR curve is double sloped than the demand curve
since we were not given the MC;
let MC = 0
, then:
100 - 4Q = 0
4Q = 100
Q = 25
Therefore, The profit maximization is achieved when 25 units are produced.
Answer:
$150,000 and $214,800
Explanation:
The computation is shown below:
Gain on disposal = Fair value of the land - cost of the land
= $870,000 - $720,000
= $150,000
Now the restructuring gain is
= Loan amount + accrued interest - fair value of the land
= $960,000 + $124,800 - $870,000
= $214,800
We simply applied the above formulas so that the gain on disposal and restructuring gain could come