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dezoksy [38]
3 years ago
14

Mockingbird Company expects to sell 5,200 bird perches in January and 9,500 in February for $3 each. What will be the total sale

s revenue reflected in the sales budget for those months? Group of answer choices January $1,733; February $3,167 January $15,600; February $28,500 January $28,500; February $15,600 January $3,167; February $1,733 Previous
Business
1 answer:
Genrish500 [490]3 years ago
8 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Mockingbird Company expects to sell 5,200 bird perches in January and 9,500 in February for $3 each.

January:

Sales= 5,200*3= $15,600

February:

Sales= 9,500*3= $28,500

The correct answer is Option B.

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These items are taken from the financial statements of Coronado Industries at December 31, 2017. Buildings $105,800 Accounts rec
swat32

Answer:

Assets:                                         Liabilities:

<u>Current Assets       </u>                    <u> Current Liabilities</u>

Cash                            11,840          Accounts payable          9,500

Accounts receivable 12,600          Notes payable(current) 13,600

Prepaid insurance <u>     3,200  </u>        Interest payable              3,600

Total current assets:  27,640          Total Current Liab         26,700

<u>Fixed assets:</u>                               <u>Long-term Liabilities:</u>

Buildings (net)       60,200           Note Payable:                80,000

Equipment (net)     63,680             Total Liabilities            106,700

Land                     <u>   61,200   </u>      Equity:

total fixed assets: 185,080              Common stock         60,000

                                                         RE                              46,020

                                                       Total Equity                106,020

Total Assets: 212,720‬                  Total Liab + E              212,720

Explanation:

for RE we need to calculate the net income

income:

Service revenue           14,700

Insurance expense         ( 780 )

Depreciation expense ( 5,300 )

Interest expense          ( 2,600 )

Net income:                    6,020

<u />

<u>RE </u> 40,000 + 6,020 = 46,020

for note payable we split the current and long term portion

93,600 - 13,600 = 80,000 long term debt

te rest is self-explanatory

8 0
3 years ago
Equipment costing $16000 is purchased by paying $4000 cash and signing a note payable for the remainder. The journal entry shoul
grigory [225]

Answer:

c. credit to notes payable

Explanation:

Based on the information given we were told that the Equipment which cost the amount of $16000 was purchased by paying the amount of $4000 as cash which means that if the company sign a NOTE PAYABLE for the remainder. The journal entry should include a: CREDIT TO NOTES PAYABLE

5 0
3 years ago
what is the difference between procedures and rules? can some rules be eliminated when solid procedures are in place? discuss.
iragen [17]

Rules are made so that people behave in a particular manner whereas, procedures are meant to guide about how to do something.

Procedures are the standard steps used to carry out tasks in an organization. They were created for repetitive tasks. They offer instructions regarding how to carry out a task. In speaking, procedures are inflexible and provide no room for inventiveness. It eliminates ambiguity from the work and provides it a clear structure.

Rules are specific instructions that define what must be done and what shouldn't be done. They were created in order to preserve, govern, and manage the workplace. They were inflexible and lack adaptability. Strict disciplinary measures are applied when rules are broken. It reflects decisions about what needs to be done and what cannot be done.

No, rules cannot be eliminated when solid procedures are in place because they determine the behavior or manner in which things should be done.

Learn more about rules and procedures here:

brainly.com/question/28361947

#SPJ4

8 0
1 year ago
Jayson products uses a perpetual inventory system. at year-end, the inventory account had a balance of $280,000, but a complete
ioda
<span>Jayson should : (1) Reduce the balance in its Inventory controlling account and inventory subsidiary ledger by $7,000. (2) Record a $7000 current liability. (3) Reduce the balance in its inventory controlling account and inventory subsidiary ledger by $7000 (4) Reduce the balance in the inventory controlling account and record a current liability both in the amount of $7000.</span>
5 0
3 years ago
What does the saying lottery in june corn be heavy soon hint at?
EleoNora [17]
The harvest is gonna be in june OR something is gonna happen soon
6 0
3 years ago
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