Answer:
The third option appears to be the best answer
Explanation:
really hope this helps you!
Answer:
May 1, 2020 - No Entry
Explanation:
IFRS 15 requires an entity to recognise revenue <em>when</em> entity transfers the goods or services to the customer.
Transfer of the mower happens on May 31, 2020, this is the date at which Revenue is recognised.
The cash is also paid on May 15, 2020, according the <em>accruals concept</em>, no entry must be done on May 1,2020. Only when the payment occurs should there be a record in Vaughn books.
Answer:
c. $453,500
Explanation:
The computation of materials requirements (in feet) is shown below:-
Estimated sales $81,000
Add Ending inventory $16,000
Less Opening inventory $26,000
Units for production budget $71,000
Production units $426,000
($71,000 × 6)
Add Ending reserve $106,500
($426,000 ÷ 12 × 3)
Less Beginning reserve of
feet $79,000
Materials requirements $453,500
Therefore the materials requirements (in feet) for 2016 is $453,500
Answer:
10%
Explanation:
Value of investment in the beginning = $30,000
Value of investment at the end = $30,000 (1 + 0.08)
= $30,000 × 1.08
= $32,400
Interest paid = $15,000 × 6%
= $900
Rate of return:
= 10%
Rate of return is 10% if the price of Telecom stock goes up by 8% during the next year.
Amount to be recorded for accounts receivable would be $15000.
<u>Explanation:</u>
Accounts receivable are lawfully enforceable cases for installment held by a business for products provided as well as administrations rendered that clients/customers have requested yet not paid for. These are for the most part as solicitations raised by a business and conveyed to the client for installment inside a concurred time span.
Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by the customers till now. So they will go in the accounts to still be receivable.
