Answer:
$1,302,000
Explanation:
To calculate the net realizable value of accounts receivable we have to subtract the value of accounts receivables aging report from total accounts receivable = $1,430,000 - $128,000 = $1,302,000
The accounts receivables aging report lists unpaid clients' invoices and unused credit memos.
Answer:
Business
Explanation:
A business is a legal activity which we undertake to earn money. In this case, both Melvin and Neil work together to earn money by running pawnshop. Selling of personal items of the borrower and interest receipts are part of the operations of the business. It is not proven from the scenario that it is partnership (business type) because it is not written that both Melvin and Neil share profits and losses associated with this business.
Answer:
$18,200
Explanation:
Calculation to determine what Jarrod may exclude from his gross income.
Using this formula
Gross income=Tuition+Books and supplies
Let plug in the formula
Gross income= $16,800 + $1,400
Gross income=$18,200
Therefore Jarrod may exclude $18,200 from his gross income.
An investment in improving the skill level of labor is considered an investment in HUMAN CAPITAL.
Human capital refers to the skills, knowledge and experiences possess by the the labour. Investments that increase the labour's skills and knowledge is a human capital investment that will lead to increased productivity.<span />
Answer:
degree of operating leverage 6.04
Income if sales increase by 10%: 72,180
Explanation:
degree of operating leverage:
contribution per ticket
60 sales price - 24 variable cost = 36 dollars
36 x 7,550 = 271,800 total contribution
fixed cost (226,800)
profit 45,000
degree of operating leverage: 6.04
the sales have a multiplier effect of 6.04
a 10 percent increase on sales translates to 60.4 percent in the net operating income:
income with a 10% sales:
45,000 x ( 1 + 60.4%) = 72.180
