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3 years ago

8

A nonprofit entity conducts a special fundraising campaign at the end of fiscal year 2018, and specifies that it will use the mo

ney for its 2019 general operations. It receives pledges totaling $200,000. Based on past experience, the entity expects to receive $150,000 in cash.

1 answer:

allochka39001 [22]3 years ago

8 0

Explanation:

I'll give you a real answer later just need some points for my test questions

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Answer:

$100

Explanation:

Alto's share value = (2,400 × $24) = $57,600

Alto's total value = Share value + Incremental value of acquisition = $57,600 + $5,500 = $63,100

Net present value (NPV) = Alto's total value - Cost of acquisition = $63,100 - $63,000 = $100

Therefore, the net present value of acquiring Alto to Solo is $100.

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3 years ago

Difference between debit the receiver and credit the giver

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Answer:

Explanation:

When a payment is made to somebody, you debit the receiver of that payment and credit Cash or Bank as money is paid from cash or by means of cheque. When money or cheques are received, you credit the person who is paying you and you debit the cash or bank.

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3 years ago

You charge a price of $5 for a pair of earrings and produce 100 pairs. At this price, consumers demand 200 pairs of earrings. Th

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Raise the price of your earrings

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2 years ago

Read 2 more answers

Windsor, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The follo

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Answer:

Explanation:

The journal entries are shown below:

1. Petty cash A/c Dr $264.2

To Cash A/c $264.2

(Being petty cash fund established)

2. Freight - in expense A/c Dr $75

Supplies expense A/c Dr $40

Postage expense A/c Dr $48

Loan to employees A/c Dr $32

Miscellaneous expense A/c Dr $51

Cash over and short A/c Dr $2.9

To Cash A/c Dr $248.9 ($264.2 - $15.3)

(Being disbursement of cash recorded)

3. Petty Cash A/c Dr $115

To Cash A/c $115

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2 years ago

Beginning work in process was $145,000. Manufacturing cost incurred for the month was $810,000. The ending work in process was $

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Answer:

cost of goods manufactured= $755,000

Explanation:

Giving the following information:

Beginning work in process was $145,000.

Manufacturing cost incurred for the month was $810,000.

The ending work in process was $200,000.

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 145,000 + 810,000 - 200,000

cost of goods manufactured= $755,000

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2 years ago