Answer:
<u>The projected cash collections for the month of December is $ 65,750.
</u>
Explanation:
Projected cash flows for the month of December = 25% of october credit sales + 65% of November credit sales
5% of December credit sales
= (72000*25%) + (68000*65%) + (71000*5%)
= $ 65,750.
Total percentage as per given question, is only 95% but not 100%.
Also, credit sales collections upto second following month of Actual date of sale. So, september month sale is not considered.
The answer is a valid contract. A valid contract occurs when
both parties has expressed or had shown agreement when engaging to certain
services or products as means of showing that they both have negotiate and came
to an understanding of agreement with what they are pertaining to in which is
shown above as the adults involved has an agreement of paying the bicycle that
shows a valid contract.
Answer:
The journal entry to be recorded for the payment of the note on date of maturity is shown below:
Explanation:
The journal entry to be recorded for the payment of the note on date of maturity is as follows:
Notes Payable A/c..........................Dr $9,000
Interest expense A/c......................Dr $148
Cash A/c..........................................Cr $9,148
Being payment of the note payable is reported on the maturity date
As on the day of the payment, the cash is going out of the business which means assets is decreasing and any decrease in assets is credited. Therefore, the cash account is credited. And the notes payable is paid so the notes payable account is debited and interest expense account will also be debited.
Working Note:
Interest expense = $9,000 × 10% × 60/ 365
Interest expense = $148
The firm’s marginal cost of production when the firm is producing 50 units of output is 33.33
Solution:
The production function is Q = 
The initial value is 10 units. The production value is 50 units The manufacturing cycle needs work as stated below.
Q =
Q = 
L = 
The wage rate is $15 . The following is the expense of the manufacturing process.
TC = 
TC = ![( 15 * (\frac{Q}{3.162} )^{2} ) + [ P_{k * 10}]](https://tex.z-dn.net/?f=%28%2015%20%2A%20%28%5Cfrac%7BQ%7D%7B3.162%7D%20%29%5E%7B2%7D%20%29%20%2B%20%5B%20P_%7Bk%20%2A%2010%7D%5D)
The marginal production cost is really the increase in manufacturing costs as output increases by 1 point.
As listed below, the marginal cost:
TC =
MC = 
= 
MC = 
= 33.33
Paxson's retained earnings balance one year earlier on December 31, 2013 was $24,500.00
