Divide 5940 between x, y and z in such a way
that x has twice as much as y, who has half as much as z.
How much does each receive?
x + y + z = 5,940
x = 2y, 2y = z
y = 1,188
x receives 2,376, y receives 1,188 and z receives 2,376.
The May transactions for Charlie Company (seller) assuming that Charlie uses a perpetual inventory system are:
Charlie Company Journal entries
May 13
Debit Account receivable $360
(8×$45)
Credit Sales $360
(To record credit sales)
May 13
Debit Cost of goods sold $208
(8×$26)
Credit Merchandise inventory $208
(To record cost of goods sold)
May 16
Debit Sales return and allowances $45
Credit Account receivable $45
(To record goods returned)
May 16
Debit Merchandise inventory $26
Credit Cost of goods sold $26
(To record cost of goods sold returned)
May 23
Debit Cash $302
($315-$13)
Debit Sales discount $13
(4%×$315)
Credit Account receivable $315
($360-$45)
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Answer:
<h2>Mission Statement</h2>
Explanation:
A brief description of a company's purpose is called mission statement, it tells about the company's purpose for the public and employees. It varies from company to company as because every company describes it differently.
A mission statement is important as it serves as a base line for everyone in the organisation. It serves as the basis for effective business planning. Mission statements are used in marketing as they are a company's public face. Companies also include them on their websites. A good mission statement can inspire, surprise and transform your business
It’s 38 because if it doesn’t work out it means it will not be at least 38
Answer: 38
Answer:
$30,000
Explanation:
Given that,
Equipment Cost = $175,000
Allowed depreciation = $55,000
Selling price of Equipment = $150,000
Total Value of Assets:
= Equipment Cost - Allowed depreciation
= $175,000 - $55,000
= $120,000
Income from sell of Equipment:
= Selling price of Equipment - Total Value of Assets
= $150,000 - $120,000
= $30,000
So, According to Section 1245 generate ordinary income of $30,000.
