Answer:
There is a change of $27,500 (decrease)
Explanation:
Cash realizable value is the amount of money that the company expects to receive from their accounts receivable after deducting all uncollectible accounts.
First, we must compute the change in gross accounts receivable from the transactions happened during the year.
Sales on account less collections less write-offs = change in Gross accounts receivable.
$866,000 - ($522,000 + $42,500) = $301,500 (increase in gross accounts receivable)
Finally, we can now compute the change in cash realization value by deducting uncollectible accounts to gross accounts receivable.
$301,500 - $329,000 = ($27,500)
This is a Firm and True Statement.
Each row of the production possibilities schedule illustrates the <u>MAXIMUM</u> amount of a good service that may be produced given the production of the other.
- A production possibilities schedule demonstrates the fundamental economic principle of opportunity cost, which states that the economy must forgo producing one thing in order to create another. The incredibly helpful production possibilities curve is likewise derived from a production possibilities schedule (or frontier)
<h3><u>What is an example of a production possibility?</u></h3>
- The trade-off between manufacturing one good vs another is gauged by the production possibilities curve. Consider a scenario in which a country produces 120,000 apples and 20,000 oranges. That is the point B on the diagram. It must produce fewer apples if it wishes to grow more oranges.
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Answer: 1. $690 (favorable)
2. $9045 (favorable)
Explanation: These can be computed as follows :-
Labor rate variance = Actual labor cost - (standard rate * actual hours)
= $139,380 - ( $20.1 * 6900 hours )
= $690 (favorable)
.
Labor efficiency variance = ( Actual hours - standard hours ) * (standard rate )
= [6900 hours - (1500 units * 4.3 hours) ] * ($20.1)
= $9045 (favorable)
Answer:
Sole Proprietorship or Sole Trader
Answer:
$20,800,000
Explanation:
Total sales, 80 million
20 million from internet sales
Objective an increase in internet sales by 4 percent
the objective was met, sales from the internet will be,
20 million is the current level
an increase of 4 % is calculated as
= $20,000,000 + ( 4/100 x 20,000,000)
= $20,000,000 + $800,000
=$20,800,000