Answer:
1. The correct category for each of the following items:
Cash In/Income:
Personal income
Business Income
Cash Out/Expense:
Cost of business trip = variable
State tax liability = fixed
Clothing purchases = variable
2. For example, your mortgage would be considered a fixed expense, because the total amount does not vary. Conversely, grocery bills would be considered variable, because the actual amount is not fixed but varies.
Explanation:
Variable cost or expense has a fixed cost per unit, with the total amount varying, depending on the units or quantities consumed. Fixed cost does have a fixed total amount within the relevant range, but the cost per unit varies.
Answer:
711,300
Explanation:
Net cash generated from operating activities can be calculated by deducting and adding back the cash and non-cash items respectively from the net income for the year. Such as depreciation will be added back in net income due to it is a non-cash expense
Net Income 624,000
Depreciation and amortization 87,000
Decrease in accounts receivable 22,000
Increase in inventories (9,200)
Increase prepaid expenses (8,500)
Increase in salaries payable 10,000
Decrease in income taxes payable (14,000
)
Net cash generated from operating activities 711,300
Answer:
trial balance
Explanation:
Based on the information provided within the question it can be said that in this scenario Audrey will prepare a trial balance. This refers to an extensive list detailing all the general ledger accounts that can be found within the ledger of a business, each of which will reveal the name and balance of that account. This is what Audrey is preparing and is one of the main tasks completed by accounting departments.
Answer:
cost of goods sold = $580
Explanation:
The cost of the goods sold means the cost price of the total sales volume. As the company uses FIFO (First-in, First-out) method and also uses the perpetual inventory system, the cost of goods sold =
Cost of goods sold =
20 units × $19 = $380 (The price is from November 1)
10 units × $20 = $200 (The price is from November 10)
The total cost of goods sold (30 units) = $580
The difference between the monthly payment of R and S is equal to $48.53 by following the compound interest formula. Thus, Loan R's monthly loan amount is greater than Loan S.
<h3>What is a Compound interest loan?</h3>
Combined interest (or compound interest) is the loan interest or deposit calculated based on both the original interest and accrued interest from earlier periods.
![\rm\,For\,R\\\\P = \$\,17,550\\r\,= 5.32\%\\Time\,= n= 7\,years\\Amount\,paid= [P(1+\dfrac{r}{100\times12})^{n\times12} ]\\=[ 17,550 (1+\dfrac{5.32}{100\times12})^{7\times12} ]\\= [ 17,550 (\dfrac{12.0532}{12})^{84} ]\\\\= [ 17,550 (1.00443^{84} ]\\\\= \$ 25,440.48\\\\Total\,monthly\,payment = \rm\,\dfrac{25,440.48}{84}\\\\= \$\, $302.86\\\\](https://tex.z-dn.net/?f=%5Crm%5C%2CFor%5C%2CR%5C%5C%5C%5CP%20%3D%20%5C%24%5C%2C17%2C550%5C%5Cr%5C%2C%3D%205.32%5C%25%5C%5CTime%5C%2C%3D%20n%3D%207%5C%2Cyears%5C%5CAmount%5C%2Cpaid%3D%20%5BP%281%2B%5Cdfrac%7Br%7D%7B100%5Ctimes12%7D%29%5E%7Bn%5Ctimes12%7D%20%5D%5C%5C%3D%5B%2017%2C550%20%281%2B%5Cdfrac%7B5.32%7D%7B100%5Ctimes12%7D%29%5E%7B7%5Ctimes12%7D%20%5D%5C%5C%3D%20%5B%2017%2C550%20%28%5Cdfrac%7B12.0532%7D%7B12%7D%29%5E%7B84%7D%20%5D%5C%5C%5C%5C%3D%20%20%5B%2017%2C550%20%281.00443%5E%7B84%7D%20%5D%5C%5C%5C%5C%3D%20%5C%24%2025%2C440.48%5C%5C%5C%5CTotal%5C%2Cmonthly%5C%2Cpayment%20%3D%20%5Crm%5C%2C%5Cdfrac%7B25%2C440.48%7D%7B84%7D%5C%5C%5C%5C%3D%20%5C%24%5C%2C%20%24302.86%5C%5C%5C%5C)
![\rm\,For\,S =\\\\P=\,\$ 15,925\\r\,= 6.07\%\\T=n= 9\,years\\\\Amount\,paid\,= [P(1+\dfrac{r}{100\times12})^{n\times12} ]\\\\\= [15,925(1+\dfrac{0.0607}{12})^{9\times12} ]\\\\\\= [15,925(1+\dfrac{0.0607}{12})^{108} ]\\\\=[15,925(1.7247.84)} ]\\\\\= \$27,467.19\\\\Total\,monthly\,payment =\dfrac{\rm\,\$\,27,469.19}{108}\\\\= \$ 254.326\\\\](https://tex.z-dn.net/?f=%5Crm%5C%2CFor%5C%2CS%20%3D%5C%5C%5C%5CP%3D%5C%2C%5C%24%2015%2C925%5C%5Cr%5C%2C%3D%206.07%5C%25%5C%5CT%3Dn%3D%209%5C%2Cyears%5C%5C%5C%5CAmount%5C%2Cpaid%5C%2C%3D%20%5BP%281%2B%5Cdfrac%7Br%7D%7B100%5Ctimes12%7D%29%5E%7Bn%5Ctimes12%7D%20%5D%5C%5C%5C%5C%5C%3D%20%5B15%2C925%281%2B%5Cdfrac%7B0.0607%7D%7B12%7D%29%5E%7B9%5Ctimes12%7D%20%5D%5C%5C%5C%5C%5C%5C%3D%20%5B15%2C925%281%2B%5Cdfrac%7B0.0607%7D%7B12%7D%29%5E%7B108%7D%20%5D%5C%5C%5C%5C%3D%5B15%2C925%281.7247.84%29%7D%20%5D%5C%5C%5C%5C%5C%3D%20%5C%2427%2C467.19%5C%5C%5C%5CTotal%5C%2Cmonthly%5C%2Cpayment%20%3D%5Cdfrac%7B%5Crm%5C%2C%5C%24%5C%2C27%2C469.19%7D%7B108%7D%5C%5C%5C%5C%3D%20%5C%24%20254.326%5C%5C%5C%5C)
The difference between the monthly payment of R and S is equal to $48.53.
Hence, Loan R's monthly payment is greater than the loan's monthly payment by $48.53
To learn more about Compound interest, refer to the link:
brainly.com/question/14331235
