Answer:
(E) $30,000
Explanation:
For computing the annual profit, the following formula is used.
Annual Profit = Total revenues - total cost
where,
Total revenue = Number of units × selling price per unit
= 10,000 units × $40
= $40,000
And, the total cost = lease cost + installment amount + variable cost
= $100,000 + $20,000 + ($10,000 units × $15 + $10,000 units × $10)
= $120,000 + $250,000
= $370,000
Now put these values to the above formula
So, the answer would be equal to
= $400,000 - $370,000
= $30,000
Answer:
D.5 years
Explanation:
Annual Depreciation = Cost/Useful life
$15,000=$80,000/Useful life
Useful Life=$80,000/$15,000
Useful Life=5.33
Answer:
$ 2,260
Explanation:
Since Allowance method is used,
Bad Debt Expense balance would be % estimated to be uncollectible.
Balance in Bad Debt Expense after adjusting entry would be
= $ 113,000 Credit sales x 2%
= $ 2,260
I think you should Make the message friendlier and use positive language.
Use of positive languages and friendly approach will be helpful for you to have your part strongly. Also , never tell others party regarding your legal actions. Because , it will give them a chance to be legally prepared.
No entries shall be allowed for district meets which are not submitted to the director on or before the fifth day before the first day of the meet.
<h3><u>
What is the role of a director?</u></h3>
- An organization's directors play a crucial role in governance on behalf of its shareholders or members.
- The legal obligations that each Director must uphold during their tenure are outlined in various pieces of legislation. However, Directors are also held personally responsible for exceeding 700 more laws and legal standards.
- Each director must acknowledge and support the following standards of conduct:
- To accept personal accountability for contributing objectively and without regard to one's own interests to the Board's choices.
- To proactively seek out sufficient knowledge about the organization's operations.
- To constructively contribute to the formulation of pertinent organizational policies.
- To give the organization's long-term strategies solid support.
In order to encourage good governance and guarantee that each director acts in the interests of the company's stakeholders, the legally based director duties were created.
Know more about Directors with the help of the given link:
brainly.com/question/14279294
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