Answer:
The financial statement will report the note receivable of the amount of $9,000 and interest receivable of $300
Explanation:
Calculation for what Cushion's financial statements report for this situation at December 31
Based on the information given we were told that the Corporation has the amount of $9,000 as note receivable from a customer with an Interest of 4% which has accrued for 10 months on the note which mean that the financial statements will report will report the note receivable of the amount of $9,000 and interest receivable of the amount of $300 at December 31 which was calculated as :
Interest receivable =$9,000×0.04×10/12
Interest receivable =$300
Therefore the financial statement will report the note receivable of the amount of $9,000 and interest receivable of $300
The Last-In, First-Out (LIFO) inventory costing method assumes that items in ending inventory are the most recently acquired.
<h3>What is LIFO and FIFO methods of inventory?</h3>
LIFO refers to the Last In, First Out. LIFO is a method that assumes that the last unit that has been added in the inventory or more recently, will be sold first.
FIFO stands for First In, First Out. FIFO method assumes that the oldest unit of inventory that has been added first, would be sold first.
Basically, FIFO and LIFO accounting are the inventory costing methods used in managing inventory.
Learn more about LIFO and FIFO here:-
brainly.com/question/17236535
#SPJ4
Answer:
1. (C.) Not excludable and not rival in consumption.
2. (D.) Not excludable and rival in consumption.
3. True
Explanation:
At first, the wireless, high-speed Internet provided for free in the airport of the city of Communityville is not not excludable and not rival in consumption as only a few people are using it, thereby making it a public good.
Eventually, as more people find out about the service and start using it, the speed of the connection begins to fall. Now the service is still not excludable but rival in consumption.
However, one possible way to solve the problem that arises from the increased usage is to charge a fee for using this service, which now makes it excludable.
Answer:
Jonah earned $165.51 in commission
Explanation:
add all of jonah's sales together and multiple them by .09
