Answer:
Cash Receipt Budget
Cash receipt budget shows the sales of cash and credit. It also shows the frequency of the payment of credit sales by the customer.
5% of noncollectable will not be recorded in the cash receipt. Calculate GS's scheduled cash receipts for the month of September as shown below:
GS Cash receipt Budget For September month
Sales = $170,000
Cash sales (0.4 × $170,000) = 68,000
Collections of prior month's Receivables ($150,000 x 0.55) = 82,500
Total cash receipts = $150,500
Working Notes
Cash sales are 40 percent of total sales.
55 percent of previous month receivables are received in the current month. As such, receivables pertaining to August is received in September.
Therefore, GS's budgeted cash receipts for the month of September is computed as $150,500
Answer:
$45,000
Explanation:
Value of Franchise will be amortized on its useful life.
Value of Franchise = $50,000
Useful life = 10 years
Amortization as on December 31, 2016 = 50000/10 = $5000
Revenue and Franchise operating cost have nothing to do with the value of Intangible asset and amortization. All of these are operating entering which will be dealt in the income statement instead account for as value of Intangible asset.
The answer is true. Economics is a system invented to supply a certain demand from a population. But the underlying central issue is will the resources last to supply that demand.
Answer: a. Task conflict
Explanation:
Task conflict could be seen as the inability of groups carrying out a specific task to seize progression over different needs, behavior issue or ideas which don't seem to bring an agreement. Task conflict is vital in most times in firms, as it helps the organization access itself based on the decisions they, although they may not agree on some or most terms but there is an evaluation on how things are done and making room for improvising to do better, this is if they partake optimistically and selflessly in the task conflict
Answer:
a. units completed by a production department in the period.
Explanation:
An equivalent unit of production -
It is the amount of work which is done by the manufactures on the units of the output , which are completed over the specified time period .
It includes the fully completed units as well as the partially completed units .
These equivalent units are useful for the production cost report of the company .
Hence , the correct statement for equivalent unit of production is , ( a ) .
