Answer:
agriculture
Explanation:
because they study plants/geology
Answer:
a. Sales for November = $192,666.67
b. Sales for December = $312,400,00
c. Total cash collections are as follows:
January = $200,580
February = $201,360
March = $191,750
Explanation:
a. Compute the sales for November.
Sales for November = (Accounts receivable balance at the end of the previous quarter - Uncollected sales from December) / Collection rate two months after the sale = ($107,000 - $78,100) / 15% = $192,666.67
b. Compute the sales for December.
Sales for December = Uncollected sales from December / (Collection rate one months after the sale + Collection rate two months after the sale) = $78,100 / (10% + 15%) = $312,400,00
c. Compute the cash collections from sales for each month from January through March.
Note: See the attached excel file for the schedule of cash collections from sales for each month from January through March.
From the attached excel file, total cash collections are as follows:
January = $200,580
February = $201,360
March = $191,750
Answer:
From my understanding its D as aggregate deals with atlarge
Answer:
Net income = $320
Net cash flow from Operating activity = $145
Explanation:
The journal entries are shown below:
1. Cash A/c Dr $485
To Service revenue A/c $485
(Being sales service is provided for cash)
2. Salary expense A/c Dr $165
Outstanding salary expense A/c Dr $175
To Salary and wages payable A/c $340
(Being salary expense is recorded)
Salary and wages payable A/c $340
To Cash $340
(Being salary and wages are paid)
The net cash flow from operating activities would be
= Service revenue - salaries and wages payable
= $485 - $340
= $145
The net income would be
= Sales - salary expense
= $485 - $165
= $320
Cash flow from Operating activities under the indirect method
Net income $320
Less: Decrease in salary payable - $175
Net Cash flow from Operating activities $145