Answer:
<u>Thus Calculation of September Cash Receipts is as follows:</u>
September Sales ( $170,000 × 30%) = $51,000
August Sales ( $150,000 × 55%) = $82,500
Total = $133,500
Explanation:
September cash receipts will include the following :
- 30% of September Sales
- 55% of August Sales
<u>Thus Calculation of September Cash Receipts is as follows:</u>
September Sales ( $170,000 × 30%) = $51,000
August Sales ( $150,000 × 55%) = $82,500
Total = $133,500
There are rules to follow when making sales. If the buyer agent with minority buyers in his car approaches a scheduled showing only to see a Confederate flag flying from the front porch, the agent should;
- Consult with the buyers and determine whether they want to proceed.
<h3>What is the response of a listing agent who approaches a potential listing?</h3>
The response of a listing agent who approaches a potential listing only to find a Confederate flag flying from the front porch is that;
- He should ask the seller if the flag stands for his racial prejudice and later ask that it should be removed.
Real estate agents are known to be business people and so thy are not social engineers. But if the agent believes the flag stand for racist attitudes that will hinder or enter the transaction and result in lowering of interest in the property, it is best to stop the listing.
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Option A. 300000.
The four main ways to account for inventory are specific identification, first in first out, last in first out, and weighted average methods.
The retail inventory method is an accounting method used to estimate the value of a store's merchandise. The retail method provides the ending inventory balance for a store by measuring the cost of inventory relative to the price of the merchandise.
The FIFO method is the most popular inventory method because it's the one that most closely matches the actual movement of inventory for most businesses. This method assumes that the first products you acquired will be the first that are sold.
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Answer: D. $6,000
Explanation:
Given the following :
Activity cost pool
- - - - - - - - - - - - - - - - - - Machining Order Filling Other
Equipment depreciation 0.40 - - - - - 0.10 - - 0.50
Supervisory expense - - 0.20 - - - - - 0.30 - - 0.50
First stage allocation:
Overhead cost
Equipment depreciation - $51,000
Supervisory expense - $3000
Order filling:
Equipment depreciation - $51,000 × 0.1 = $5100
Supervisory expense - $3000 × 0.3 = $900
Total overhead - $( 5100 + 900) = $6,000