B. The allowance for doubtful accounts is reported as a deduction from accounts receivable on the balance sheet
The Federal Reserve or also known as the Fed, serves as the bank of the United States, and therefore, it is responsible for any financial transaction that occurs within the economy of the United States. So, in the given statements above, I can say that the roles that Fed plays are the following: regulate the banking industry, and transfers any profits to the Treasury.
Answer:
$22
Explanation:
Total common equity = $2,050,000
Net income = $250,000
Dividends = $100,000
Stock outstanding = 100,000 shares
Book value per share:
= (Beginning common equity + Net income - Dividend) ÷ Number of shares
= ($2,050,000 + $250,000 - $100,000) ÷ 100,000
= $2,200,000 ÷ 100,000
= $22
Hence, the ending book value per share is $22.
Answer:
Sales Price Per Unit = $ 110
Explanation:
Break Even Sales Volume in Dollars =
Break Even Sales Volume in Dollars= Fixed Costs/ 1- (variable Costs/ Sales)
Break Even Sales Volume in Units = Fixed Costs/ Contribution Margin per Unit
On Rearranging the above given formula
Contribution Margin per Unit = Fixed Costs/ Break Even Sales Units
Sales Price per Unit - Variable Price Per unit =$150,000/2500
Sales Price Per Unit - $ 50= 60
Sales Price Per Unit = 60+ 50= $ 110
Answer:
The account "Warranty Liability":
is adjusted at the end of the year
