Answer:
AdCreate billed Anchor Motors $529,412 for the third quarter in 2010
Explanation:
The advertizing company usually takes a 15% commision
Which means from the total amount billed to customer 15% ar commision which means:
money paid to media + 15% comission of the billed amount= total amount billed
450,000 + 0.15X = X
Now, we try to solve for X and get the amount billed to anchor motors.
X = 450,000/.85 =<em> 529.411,76</em>
Answer:
$135,260
Explanation:
Remember to follow the cash collection history to determine the budgeted cash receipts for January.
Budgeted cash receipts for January
January Cash Sales $113,000 x 20% $22,600
January Credit Sales $113,000 x 80% x 40 % $36,160
December Credit Sales ($73,500 - $27,000) $46,500
November Credit Sales $27,000
Total $135,260
Therefore,
Boone Co.'s budgeted cash receipts for January is $135,260
The i in fair test stands for impact stakeholders.
Answer:
Total work in process = $12,900
Explanation:
Provided information,
Cost incurred during the month on this order
Direct Materials = $2,100
Direct Labor = $3,600
Provided overheads are 200% of the direct labor cost = $3,600 
200% = $7,200
Thus month end balance of work in process = $2,100 + $3,600 + $7,200
Total work in process = $12,900
Note: additional information regarding expenses to be incurred is to be ignored, and the above value is the value of work in process.
Total work in process = $12,900
Answer: d) obligations arising from past transactions and payable in assets or services in the future.
Explanation:
Liabilities are financial obligations meant to be catered for by an organization in the running of its business.
