Answer:
Net income= -$34,200
Explanation:
Giving the following information:
Beta Division:
Sales= $580,000
Variable expenses= $301,600
Traceable fixed expenses of $186,500.
Income= 91,900
Alpha Division:
Sales of $510,000
Variable expenses of $178,500
Traceable fixed expenses of $222,100.
Income= 109,400
The total amount of common fixed expenses not traceable to the individual divisions is $235,500.
<u>We need to deduct from the income of each division the not traceable fixed costs.</u>
Net income= 91,900 + 109,400 - 235,500
Net income= -$34,200
Answer: $7,265,000
Explanation:
Question is to find the balance remaining for the Police at year end.
Please find the table attached:
= 10,000,000 - 1,800,000 + 1,790,000 - 1,750,000 + 975,000
= 7,265,000
Answer:
the transaction is complete and the goods or services are delivered.
Explanation:
According to generally accepted accounting principles (GAAP), the revenue should be recognized when the goods or services are delivered and the transaction is completed in all respects.
The revenue recognition principle applies when the revenue is realized or earned whether cash is received or not plus it also follows the accrual basis of accounting. Here, realizable means that customer received the product but the payment is made at the later date
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