Answer:
Journal Entries
Apr 08 Debit Bank $5,760 Debit Service charges $240 Credit Revenue $6,000
Debit Cost of goods sold $4,434 Credit Inventory $4,434
Apr 12 Debit Accounts Receivable $7,020 Debit Service charges $180 Credit Revenue $7,200
Debit Cost of goods sold $4,666 Credit Inventory $4,666
Apr 20 Debit Bank $7,020 Credit Accounts Receivable $7,020
Explanation:
Judging by the last transaction, The business first requires deposits from Continental card's bank hence the receiving of check at a later stage.
Answer:
The correct answer is letter "B": full-service brokerage firms.
Explanation:
Full-service brokerage firms are the intermediaries between traders and the major stock exchanges that do not only allow investors to purchase and sell securities but also provide them with advice on what assets to invest in. These brokerage firms have an over-the-phone customer service department that can place trades or get out of trades on behalf of investors. Usually, in full -service brokerage firms charge <em>higher fees</em>.
Answer:
b. employees' productivity decreases with time
Explanation:
In the case when the organization trained to the employees on the continuity basis so this can be done because the productivity of an employees could be decreased as per the time
So in order not to decreased the productivity so the organization trained their employees on continuity basis
Therefore the option b is correct
Answer:
a) The expected transaction price with variable consideration estimated as the expected value is $4,773.
b) The expected transaction price with variable consideration as the most likely amount is $4,730
Explanation:
a)
Probability Total
Base Fee $4,300 Fixed $ 4,300
20% Variable consideration $860 (= 0.2*4,300) 25% $215
10% Variable Consideration $430 (= 0.1*4,300) 60% $258
0% Variable consideration $ - 15% $ -
Total $4,773
it is most likely that the project would be finished in 1 week earlier.
b)
Base Fee $4,300 Fixed $ 4,300
10% Variable Consideration $430 $430
Total $4,730
Answer:
$762,600
Explanation:
The book value of an asset is the difference between the historical cost of the asset and the accumulated depreciation on the asset. The accumulated depreciation is the sum of the depreciation over the number of years the asset has been used.
Depreciation = (cost - salvage value)/estimated useful life
= ($930,000 - $93,000)/5
= $167,400
At the end of 2019,
Book value of van = $930,000 - $167,400
= $762,600