Answer: $191,590
Explanation:
August Payments on accounts payable:
From JULY PURCHASES - $77,000 x 80%
$77,000 × 0.8 = $61,600
From August purchases - $73,000 x 20% $73,000 × 0.2 = $14,600
Direct labor payments:
From JULY: $32,300 x 10%
$32,300 × 0.1 = 3,230
From AUGUST: $35,400 x 90%
$35,400 × 0.9 = $31,860
Overhead : $71200 - $6350 = 64,850
Loan repayment - $15,450
Cash payments - $191,590
Loan repayment :
[Loan + ( loan × rate × period)
[15000 + (15000 × (9/100) × 4/12)]
15000 + 450 = $15,450
Cash payment for August :
15450+64850+31860+3230+14600+61600 = $191,590
Answer: Utilitarian approach
Explanation:
The Utilitarian approach is one of the type of concept that helps in understanding the final outcome and also the consequences in the given situation that provide the net benefit to the stakeholder in an organization.
The importance of the Utilitarian approach is that it provide the ethical choices and the principle by choosing the right action and avoiding all the negative circumstances.
According to the given question, the Utilitarian approach increase the overall dues of the social club by keeping the club solvent. So, based on the given situation we choosing the Utilitarian approach for the moral reasoning.
Therefore, Utilitarian approach is the correct answer.
Answer:
4%
Explanation:
For Builtrite, we can find the probability of cash flows by using the following formula:
Z = (X - C) / S
Average Cash Flow is $16000 which denoted by "C"
Standard Deviation is $4000 and is denoted by "S"
And
For cash flows that are less than $9000 which is denoted by X in the equation, "Z" can be calculated as under:
Z = (X - C) / S = ($9,000 - $16,000) / $4,000 = -1.75
As Z is less than -1.75, now we can see that the probability from the Z-table is 4% for -1.75.
Hence the probability of cash flow below $9,000 is 4%.
Based on the owner investments, the net income and the owner withdrawals, the ending balance in the owner's capital account is $13,700
<h3>What is the ending balance in owner's capital?</h3>
The ending balance in the owner's capital can be found as:
= Beginning owner investments + Net income during the period - Owner withdrawals
Solving for the ending balance gives:
= 4,000 + 10,000 - 300
= 14,000 - 300
= $13,700
Find out more on owner capital balance at brainly.com/question/13199093
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Answer:
Liabilities
Explanation:
Unearned revenues are written as liabilities in the balance sheet of a firm. They are regarded as liabilities because the revenue is still unearned. An example is advance rent payment.
It is a prepayment for a good or service that has not been rendered to the customer yet by the provider. The provider or seller now has a liability equal to the revenue they have received till they provide that service for which they were paid
