Answer: $789855
Explanation:
Initial liability = $1,006,192
Less: Payment = $159,000
Liability = $847192
× Implicit rate 12%
Interest = 12% × $847192 = $101663
Then, reduced balance will be:
= Payment - Interest
= $159,000 - $101663
= $57337
Therefore, Francisco lease liability at December 31, 2022 will be:
= $847192 - $57337
= $789855
Entrepreneurs help the nation by creating new and unique businesses (which can increase profit and employment), they add to national income, and they create social change.
Answer: c. $2.89 per unit
Explanation:
Using the First-In, First-Out method, we need to find the equivalent units first:
= Equivalent opening units + Units started and completed + Equivalent ending units
= (Opening units left to be completed) + (Units completed - opening units) + (proportion of closing units completed with respect to conversion)
= (3,000 * (1 - 40%)) + (12,000 - 3,000) + (1,000 * 40%)
= 11,200 units
Conversion costs = 32,363
Conversion cost per units:
= 32,363 / 11,200 units
= $2.89 per unit
Answer:
9. True
10. Lead generations
11. Sales pitch
12. qualifying leads
Explanation: Hope this helps! :) ~Zane
Answer:
May 1, petty fund is established
Dr Petty cash fund 550
Cr Cash 550
May 15, petty cash expenditures are recorded
Dr Janitorial services expense 194
Dr Miscellaneous expenses 101
Dr Postage expenses 68
Dr Advertisement expenses 34
Dr Cash short and over 77
Cr Petty cash fund 474
May 15, petty cash fund is replenished
Dr Petty cash fund 474
Cr Cash 474
May 16 Prepared a company check for $200 to increase the fund to $600.
Dr Petty cash fund 200
Cr Cash 200
May 31, petty cash expenditures are recorded
Dr Postage expenses 205
Dr Delivery expenses 34
Dr Reimbursement of business mileage to office manager 10
Dr Cash short and over 45
Cr Petty cash fund 294
May 31 The company decides that the May 16 increase in the fund was too large. It reduces the fund by $16, leaving a total of $440.
Dr Cash 16
Cr Petty cash fund 16