Answer:
supplies expense 47,300 DEBIT
supplies 47,300 CREDIT
Explanation:
8,900 + 53,300 = 14,900 + supplies expense
8,900 + 53,300 - 14,900 = supplies expense
supplies expense = 47,300
Beginning and Purchase will be the supplies available during the period.
this supplies can be used or stored.
if the stored are 14,900 then the diference was used.
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Answer:
$3,000.
Explanation:
Existences of supplies from previous month: $0
Bought supplies during June: $5,000
Supplies unused ar the end of June: $2,000
Supplies used during June = Existences of supplies from previous month + Bought supplies during June - Supplies unused ar the end of June
Supplies used during June = $0 + $5,000 - $2,000
Supplies used during June = $3,000
The adjusting entry to record an accrued expense is:
Debit to Supplies expense account (increases of expense)
Credit to Supplies stocks account (decreases of asset)
Answer:
The incremental revenue the company gets is:
= Labor cost decrease - Other cash increase
= 753,000 - 216,000
= $537,000
Depreciation = 105,000/ 9
= $11,667
Annual Cashflows (Year 1 - 9)
= (Incremental revenue - Depreciation) * ( 1 - tax) + Depreciation
= (537,000 - 11,667) * (1 - 34%) + 11,667
= $358,386.78
Cashflow in year 0
= Cost of equipment + Investment in net working capital
= -105,000 - 24,000
= -$129,000
Answer:
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Explanation:
