No entiendo nada por que no hablo inglés salu2
Answer:
Sales revenue = $408,823.60
Explanation:
we must first determine the present value of the note:
PV = $515,000 / (1 + 8%)³ = $515,000 / 1.08³ = $408,823.60
discount on the note = $515,000 - $408,823.60 = $106,176.40
the journal entry should be:
January 1, 2021, school buses sold to Elmira School District
Dr Notes receivable 515,000
Cr Sales revenue 408,823.60
Cr Discount on notes receivable 106,176.40
Answer:
B) Money is used to purchase goods and services in the product markets.
Answer:
increase in income of $80
Explanation:
Prepare an Analysis of Costs and Savings if the Company buys from Outside Supplier.
Note : The fixed costs per unit at are unavoidable are irrelevant and disregarded in this decision.
<u>Analysis of Costs and Savings</u>
Purchase Price (400 widgets × $44.00) = ($17,600)
Savings :
Variable Costs ($35.60 × 400 widgets) = $14,240
Fixed Cost ( $8.60 × 400 widgets) = $3,440
Net Income effect = $80
Conclusion :
The effect on net income if the company instead buys the widgets is an increase in income of $80
Answer:
The company should recognize d. $120,000 loss on disposal
Explanation:
Companies frequently sell plant assets to dispose them. To recognize gain or loss on disposal:
First, the company calculates the carrying amount of the asset by using the original cost of the asset, minus all accumulated depreciation and any accumulated impairment charges.
Then, subtract this carrying amount from the sale price of the asset. If the remainder is positive, it is a gain and if the remainder is negative, it is a loss
.
In Wonder Company:
The carrying amount of the asset = $720,000 - $360,000 = $360,000
Sales price - carrying amount of the asset = $240,000 - $360,000 = -$120,000 <0
The company should recognize $120,000 loss on disposal
