Answer: $51,000
Explanation:
Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remainder are collected in the second month following sale.
In March therefore, the cashflow will consist of;
35% of March sales
45% of February sales
20% of January sales
= (35% * 40,000) + (45% * 60,000) + (20% * 50,000)
= 14,000 + 27,000 + 10,000
= $51,000
Answer:
$118,000
Explanation:
We know the purchase price of land = $100,000
Also any kind of brokerage or commission is added to such cost as it is part of acquisition and one time expense, thus capital in nature.
Thus, $8,000 paid as brokerage will be added.
Also the one time expense in the capital nature being the demolishing expense will be added to cost.
Thus, net cost of land = $100,000 + $8,000 + $10,000 = $118,000
Some of the salvage sold results in an income for the company, and that shall form part of income statement, and has nothing to do with cost of land.
Thus, net historical cost = $118,000
Answer and Explanation:
a. This is a fundamental risk case since there is a loss possibility. As the attack is done by the terrorists and the loss is definite in terms
b. It is a property risk as the house is damaged in a fire that resulted into a financial loss
c. It is a personal risk case as the head of the family is totally disabled that directly impact the family which leads to non-fulfillment of the financial liabilities so ultimately its an income loss.
d. It is a case of speculative as the investor purchase 100 shares that resulted in either profit or loss
e. This is a case of fundamental risk as the overflow of the river impacts the property of thousands people
f. This is a case of financial risk as the risk impacted the opposite changes in the price of the commodity, rate of interest, etc
g. It is a speculative case as the worker could either win or loss
Answer:
A.8.75 weeks
B.5.71
Explanation:
a.
Weeks of supply = average aggregate inventory value/weekly sales at cost
=(1,500,000 + 1,200,000 + 800,000)/(20,000,000/50)
=3,500,000/400,000
= 8.75 weeks
b.Inventory turnover = annual sales (at cost)/average aggregate inventory value
=20 million/3.5 million
= 5.71
