Answer:
land 362,500
Explanation:
the accounting considers that asset should be measure at historic cost thus, the land will be disclosure as the sum of all the cost incurred to obtain it and leave it read y for use:
350,000 cost
2,500 delinquent propierty tax
<u> 10,000 </u>removal of the building
362,500 total cost.
Answer:
Product Quantity Selling price Sales value
Pint $ $
Smooth skin 140,000 3.60 504,000
Silken skin 180,000 5.30 954,000
320,000 1,458,000
The amount of joint cost to be apportioned to smooth skin
= $504,000/$1,458,000 x $340,000
= $117,531
Explanation:
There is need to determine the sales value for each product by multiplying the quantity of pint sold by respective selling prices. Then, we will compute the total sales value. The amount of joint cost that will be allocated to sooth skin is the ratio of sales of smooth skin to the total sales value multiplied by the joint costs incurred.
Answer:
c. $4,025,200
Explanation:
The computation of the total cash receipts from sales and collections in April month is shown below:
= April sales × cash sales percentage + April sales × credit sales percentage × collection month percentage + March sales credit sales percentage × Following month collection percentage
= $4,000,000 ×30% + $4,000,000 × 70% × 40% + $4,200,000 × 70% × 58%
= $1,200,000 + $1,120,000 + $1,705,200
= $4,025,200
Since cash sales are 30% , so the credit sales would be 70%
Answer:
(a) Men and women aged 16 to 22
Explanation:
The teens nitch is defined from 13 to 19 years old, therefore the youngster in the age from 16 to 22 is the optimal market for American Eagle.
Answer:
$1,160,000.00
Explanation:
The amount of cash received during the year is the total sales revenue minus the increase in accounts receivable which is the credit sales upon which payment was not received as well as the decrease in unearned sales revenue which is the sales revenue recorded in the year but its cash was received in the prior year.
Amount of cash received during the year=$1,200,000-$25,000-$15,000=
$ 1,160,000.00
The decrease in unearned sales revenue would a debit to unearned sales revenue and a credit to sales revenue, hence it has increased sales revenue
