Answer:
A). x + 4 + x = 20
<u>Multiple-choices</u>
A). x + 4 + x = 20
B). 4 + x + 4 = 20
C). x = 20 + 4 + 4
D). 4 = 20 + x + x
Explanation:
The mirror will be in the middle of a wall which is 20 feet wide.
If the mirror is 4 feet, then 4 will be in the middle.
X will be on either side of the 4feet mirror.
Therefore:
x + 4 + x =20
Answer:
The Journal Entry and their narrations is shown below:-
Explanation:
The Journal entry is shown below:-
a. 1.Accounts Receivable Dr, $3,300
To Sales $3,300
(Being sales is recorded)
Cash Dr, $3,234
Sales Discount Dr, $66
(3,300 × 2%)
To Accounts Receivable $3,300
(Being Payment received is recorded)
2. Accounts Receivable Dr, $3,234
=(3,300 × 0.98)
To Sales $3,234
(Being sales is recorded)
Cash Dr, $3,234
To Accounts Receivable $3,234
(Being payment received is recorded)
b. Cash Dr, $3,300
To Accounts Receivable $3,234
To Sales Discounts Forfeited 66
(Being payment received is recorded)
Answer and Explanation:
for Accounts Receivable. At year-end, the L. Cole Company has completed services of $23,500 for a client, but the client has not yet been billed for those services:
accounts receivable is debited and service revenue is credited for $23,500 because the company has provided service to customer and so company would recognize revenue by crediting service revenue for increase in revenue and since the payment is not yet made accounts receivable being asset is debited for increase in balance.
for Interest Receivable. At year-end, the company has earned, but not yet recorded, $570 of interest earned from its investments in government bonds:
interest receivable is debited and interest income is credited for $570 because the company has earned interest and so interest is income for the company and so interest income is credited for increase in revenue. The interest is yet to be received by the company and therefore interest receivable being asset is debited for increase in balance.
for Accounts Receivable. A painting company bills customers when jobs are complete. The work for one job is now complete. The customer has not yet been billed for the $1,660 of work.:
accounts receivable is debited and service revenue is credited for $1,660 because the company has provided service to customer and so company would recognize revenue by crediting service revenue for increase in revenue and since the payment is not yet made accounts receivable being asset is debited for increase in balance.
Answer:
Bubba’s annual total revenue is c. $20,000
Explanation:
Revenue is the total amount that comes from sales, regardless of cost.
Bubba catches 4,000 pounds and sell them for $5 per pound, so the total amount (revenue) he receives from selling them is 4,000 * 5 = $20,000
Note: The information about the $3 cost is not necessary to calculate revenue
Answer:
5.54 %
Explanation:
Most Bonds are expressed per $100. I will use this as the Face Value.
We can then calculate the Yield to Maturity (YTM) of the Bonds as follows :
<em>PV = ($100 x 96 %) = - $96</em>
<em>PMT = ($100 x 5.1 %) ÷ 2 = $2.55</em>
<em>N = (15 - 2) x 2 = 26</em>
<em>FV = $100</em>
<em>P/YR = 2</em>
<em>YTM = ??</em>
Using a Financial Calculator to input the values as above, we get a YTM of 5.54 %
