Answer:
The answer to this question is option C. $560
Explanation:
We can let the price of each hollow pine door = d and of each solid oak door = 2d.
Since each pine door = 40, d = 40, and the regular price of each solid oak door is (2)(4) = 80.
With a 25% discount, each solid oak door is 0.75(80) = 60.
So, the six oak doors cost 6 x 60 = 360 dollars, and the five pine doors cost 5 x 40 = 200 dollars. Thus, the total is 560 dollars.
Hence the answer is C
Answer:
The amount of revenue that will be reported on the income statement for the month ended July 31 is equal to $5,300.
Explanation:
The applicable accounting concept here is accrual concept.
Accrual concept states that revenue is recognized when it is earned and expenses are also recognized when they are incured no matter when cash is received or paid.
Based on the accrual concept, only transactions 1 and 4 will be used in calculating the amount of revenue for July as follows:
July revenue = Cash received for services performed during July + Billing of customers for services performed on account in July = $1,200 + $4,100 = $5,300
Therefore, the amount of revenue that will be reported on the income statement for the month ended July 31 is equal to $5,300.
Answer: d. a deduction of $80,000 under financing activities.
Explanation:
Under the indirect method of showing cashflows, there are 3 sections being the Operating section, the investing section and the financing section.
The relevant section is the financing section. Financing activities are those transactions that relate to the business raising capital to fund their operations. They do this through long term debt and equity.
Dividends is a payment to shareholders and so falls under equity so by extension falls under the financing section. As dividends reduce the amount of money the company has, it is also a deduction.
Answer:
$93.20
Explanation:
Given the following from the question
Future value of stock = $90
PV Factor = Future Value ÷ (1+ interest rate %)
Hence, we have Present value of stock as => 90 ÷ (1.03) = $87.378640777
Present value of dividends = 6 ÷1.03 = $5.8252427184
Total of present value of stock and dividend =$87.378640777 + 5.8252427184 = $93.20
Hence, in this case, the correct answer is = $93.20
It is TRUE. Marginal cost is the amount added when there is
an additional unit of product or service produced. Meanwhile, the total cost,
as defined in accounting, is composed of the total fixed costs and its total
variable costs. Fixed cost is not affected by the number of output a company
produced. Thus it won’t affect the marginal cost.
