Answer:
$150,350
Explanation:
The computation of the cash collected in December is shown below:
Particulars Sept Oct Nov Dec
Sales $165,000 $156,000 $140,000 $177,000
Given percentage 30% 55% 15%
December collection amount $46,800 $77,000 $26,550
Total December collection $150,350
Answer:
the transaction is complete and the goods or services are delivered.
Explanation:
According to generally accepted accounting principles (GAAP), the revenue should be recognized when the goods or services are delivered and the transaction is completed in all respects.
The revenue recognition principle applies when the revenue is realized or earned whether cash is received or not plus it also follows the accrual basis of accounting. Here, realizable means that customer received the product but the payment is made at the later date
If it costs $5.10 to get $4.10 from Friendly's then the loanee would pay about 24% which is a pretty high interest rate and presumably the interest rate would decrease with a higher amount loaned as on a larger amount the actual amount of interest earned would still be significant with a lower interest rate.
Answer:
LLC
Explanation:
LLC is known as limited liability company. It is a corporate structure in the United States whereby the proprietors are not by and by subject for the organization's obligations or liabilities. Constrained risk organizations are crossover substances that join the attributes of a company with those of an association or sole ownership.
