Answer:
Explanation:
Before passing the journal entry, first, we have to compute the total supplies consumed. The formula to compute the total supplies consumed is shown below:
= Beginning balance of supplies + Purchase of supplies - ending balance if supplies
= $450+ $3,400 - $900
= $2,950
Now the journal entry would be
Supplies expense A/c Dr $2,950
To Supplies A/c $2,950
(Being supplies consumed recorded)
Answer:
Lifestyle
Explanation:
Lifestyle is a way of life established by a society, culture, group or individual. This includes patterns of behavior, interaction, consumption, work, activity and interests that describe how a person spends their time.
Answer:
Dr Dividends payable ($2*42000) $84000
Cr Cash $84000
Explanation:
Initially,on July 15 2017, the necessary entries would be to debit retained earnings and credit dividends payable with $84000 to show that the company owes the shareholders dividends.
On the payment date, the entries would to debit dividends payable and to record outflow of cash used in making the dividends payment,hence cash or bank account is credited as a decrease in cash and corresponding entry posted to dividends payable.
Answer:
The net cash flow from operating activities = $98.0 million
Explanation:
See the following images to get proper explanation
Answer:
The new breakeven point is 737,500 in sales revenue
Explanation:
Breakeven point = Fixed cost / Contribution Margin Ratio
Actual Fixed Cost are Contribution Margin Ratio x Breakeven point
Fixed cost=Contribution Margin Ratio x Breakeven point
Fixed cost=0.40 x 650,000
Fixed cost=260000
If the company's fixed expenses increase
Fixed cost=260000 + 35000
Fixed cost=295000
Breakeven point = 295000/ 0.40
Breakeven point = 737,500
