Answer:
The answer is A.
Explanation:
It is the point where the demand and supply curve intersect
Answer:
decreases the total owners' equity on the balance sheet.
Explanation:
Company's board of director decisions to increase the number of outstanding shares, by issuing more shares to current share holders : is referred to as Stock Split.
Stock Split decision effects the stock prices. It leads to decreased stock prices, as the number of outstanding shares has increased. The fall in price of stock : leads to reduced value of share capital, which is a part of Equity. So, it finally decreases the total owners equity on balance sheet
Answer:
$120,000
Explanation:
NFAI = Change in net fixed assets + Depreciation
= $300,000 + $204,000
= $504,000
NCAI = Change in current assets - Change in accounts payable
= $146,000 - $73,000
= $73,000
OCF = $697,000
FCF = OCF - NFAI - NCAI
= $697,000 - $504,000 - $73,000
= $120,000
Answer:
Dr. Cr.
Sales, $56,000
Income Summary $56,000
<u> </u>
Dr. Cr.
Income Summary $52,500
Sales Returns and Allowances $3,000
Sales Discounts, $1,500
Depreciation Expense, $25,000
Salaries Expense, $23,000
<u> </u>
Explanation:
Cash, Equipment, Accumulated Depreciation, Accounts Payable, Owner Capital and Owner Withdrawals are all permanent accounts. These accounts will not close and do not need any closing entry.
Answer:
Total gross profit =$ <u>50,565
</u>
Explanation:
<em>Gross profit is the sales revenue less the cost of the goods sold. The cost of goods sold would include the variable cost of production, fixed cost and the further processing cost</em>
<em> $</em>
Sales revenue (10,000×$8.15) + ( 3100 ×$6.15) = 100,565
Further processing cost (21,000)
Variable cost ( 10,000 ×$1.90) (19,000)
Fixed cost (<u>10,000)</u>
Gross profit <u>50,565
</u>
