Answer:
(D) An item from any year divided by the same item from a base year, multiplied by 100
Explanation:
To calculate the trend percentate you take the balance sheet of two or more years. Then you will assing the older as a base.
You will start dividing the balance of the other years for the base year and multiply by 100 so it is convert to %
for example if Account Receivable is Y1 5,000 Y2 8,000 and Y3 7,000
you will do:
8000/5000 x 100 = 160%
and
7000/5000 x 100 = 140%
Answer:
bad debt expense 18,000
Explanation:
bad debt 1% of credit sales:
180,000 x 1% = 18,000
When the adjustment is made base on sales, the current balance in the allowance for doubtful debts is irrelevant.
So no calculation is needed for those.
Answer:
d. 17
Explanation:
The computation is shown below;
Here the time started i.e. t=0
Therefore there was no customer upto t=5 hour
At t=5
The client first came and as there was no other customer available so we begins service to customer 1
Now
As service off is 4 hour so service to client 1 will end at
t=9 hour.
Also mid-time at t = 6
That means the client 2 came and at t = 8 the client 3 came.
Now at t = 9 the service begins for client 3 and end at t = 13 ( 9 + 4)
At t=13 hour, so after four hours it should be 17
Answer:
Cash increases and Accounts Receivable decreases(D)
Explanation:
$1000 represents earned rental income that has been recognized as revenue in the previous month but yet to be paid by customer. Hence, this would have been debited to account receivable ledger.
Upon cash receipt in the current month, this will be debited to Cash Account(Increase) and credited to Account Receivables (to reduce receivable balance).
The effect of this transaction will only affect Statement of Financial Position under current assets by reducing receivables balance and increase cash balance.
Answer:
Gap 4, which deals with lowering customer expectations, can be closed at any time. While the first three gaps are concerned with raising company performance to meet expectations, gap 4 aims to lower customer expectations to meet perceptions.
Explanation: