Answer:
The amount of sales will be reported in the 20X1 consolidated income statement is $58,000
Explanation:
The computation of the amount of sales is shown below:
= Value of the entire inventory sold - purchased inventory + sale inventory
= $58,000 - $45,000 + $45,000
= $58,000
The purchased inventory + sale inventory would reflect the intra sales of the company which told that the sales are made within the company.
Answer:
The probability that at least one student majors in accounting=0.3×0.3×0.3=0.027
Explanation:
<em>Step 1: Determine the number of accounting majors in a business</em>
N=P×S
where;
N=number of accounting majors
P=probability of accounting majors
S=sample size
This can also be written as;
Number of accounting majors=probability of accounting majors×sample size
In our case;
Number of accounting majors=unknown, to be determined
Probability of accounting majors=30%=30/100=0.3
Sample size=3 business majors
Substituting;
Number of accounting majors=0.3×3=0.9
<em>Step 2: Determine the chance that at least one student majors in accounting</em>
The probability that at least one student majors in accounting=0.3×0.3×0.3=0.027
Your thermometer should be reading 32 degrees Fahrenheit after 30 seconds. If it’s not, it needs to be recalibrated. The ice point method is the most accurate way to calibrate a thermometer. I hope that helps.
Answer:
$643
Explanation:
Collection in the month of August is made up of
- 20 percent of sales for August
- 70 percent of sales for the month for July
- 8 percent of sales for the month of June
Considering all the elements stated above,Collection in the month of August
= (20% × 610) + (70% × 670) + (8% × 650)
= 122 + 469 + 52
= $643
Answer:
1. Sales Budget
2. Selling and Administrative Budget
3. Budgeted Income Statement
4. Budgeted Balance Sheet
Explanation:
First of all the sales budget is prepared in which expected sales are shown and then the selling and administrative budget is prepared which shows expenses related to sale.
The income statement budget is prepared which shows the expected income.
Then at last Budgeted Balance Sheet is prepared in which the expected income is transferred.
The order in which they appear is as follows.
1. Sales Budget
2. Selling and Administrative Budget
3. Budgeted Income Statement
4. Budgeted Balance Sheet
