Answer:
b.16.04%
Explanation:
<u>We solve for the average equity throughout the year:</u>
common stock (600,000 + 600,000) / 2 = 600,000
paid in (75,000 + 75,000/ 2 = 75,000
Retained Earnings (310,000 + 210,000) / 2 = 260,000
Average equity: 935,000
The equity return will be the net income over the average equity
interest to debtholders are paid before earnings are available to shareholders so we do not remove them.
150,000 / 935,000 = 0,1604278
Answer:
$1,770,000
Explanation:
Given the above information, the computation of accounts receivable before the allowance is shown below;
= Beginning account receivable balance + Bad debt expense - Uncollectible accounts receivables
= $1,620,000 + $270,000 - $120,000
= $1,770,000
The bad debt is an expense hence will be added whereas the account receivable which is yet to be collected should be deducted the computation part.
Answer: A. Impossibility of performance
Explanation:
Impossibility of contract is a doctrine where by a contract is rendered invalid on the bases of uncontrollable circumstances which renders performance of contract impossible. Impossibility of performance can be difficult to prove.
A fixed cost is option(c) i.e, any cost that a firm would incur even if the output was zero.
<h3>What is
a fixed cost?</h3>
Fixed costs typically refer to expenses that are calculated based on time rather than the volume of goods or services that your company produces or sells. Rent and leasing charges, salary, energy prices, insurance, and loan repayments are a few examples of fixed costs. There are some taxes that are fixed costs as well, such as company licenses.
The fact that fixed costs are simple to budget is their biggest advantage. These prices are predictable throughout the course of each month, so you won't need to adjust your spending plan in the event that production surges.
The whole fixed cost will be provided by Adding up your variable costs and dividing by the number of units you generated to get your total cost of production.
To know more about fixed costs refer to: brainly.com/question/3636923
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Answer:
AI's gross income for 2019 using the cash basis of accounting is $345,200
Explanation:
The computation of the gross income using the cash basis of accounting is shown below:
= Cash received for medical services + advance payment received from a health maintenance organization (HMO)
= $334,200 + $11,000
= $345,200
The other items values are related to the accrual basis of accounting, So we do not consider in the computation part