Answer: See explanation
Explanation:
a. Sales = $27000
Less: sales returned = -$660
Less: discount at 2% = ($27000 - $660) × 2% = -$526.8
Net sales = $25813.2
b. Net sales = $25813.2
Less: cost of goods sold = $15000 - $400 = -$14600
Gross profit = $11213.2
Operating expense:
Less: Selling and administrative expenses = -$2835
Operating income = $8378.2
Non-operating items:
Less: Interest expense = ($200
Add: Gain on land Sales = $900
Net Income= $9078.2
c. The interest expense be shown on the statement of cash flows in the operating expenses section. It'll be recorded in the operating activities.
d. The sale of the land would be under the investing activity as it's capital asset of the business. Therefore, the full sales price of the land, $9,250, would be shown as a cash inflow from investing activities on the statement of cash flows.
Option B is the correct answer.
Some bonds are weaker, and some are stronger. Two of the strongest forms of chemical bond are the ionic and the covalent bonds. Chemical bonds form between two atoms, each with its own electron environment. If each of the two atoms shares an electron with the other atom nearly equally, the bond is called covalent.
Answer:
The correct answer is Cash.
Explanation:
The cash budget, also known as projected cash flow, is a budget that shows the forecast of future cash inflows and outflows (cash) of a company, for a given period of time.
The importance of this budget is to allow the future availability of cash (to know if we are going to have a deficit or a surplus) and, based on that, to be able to make decisions.
Answer: See attachment
Explanation:
A bank reconciliation statement is a statement that simply shows the summary of both the banking and business activity which are used in reconciling and balancing the bank account of a company or organization with the company's financial records.
The bank reconciliation statement shows the deposits, the withdrawals and also does every other things that impacts the bank account of the company for a particular period.
