Answer:
A. Included in purchases.
Explanation:
The adjustment of the purchase discount lost under the gross method is included in the purchase amount. If the payment is made within the discount period, then the discount is applicable otherwise not, if the payment is not made within the discount period.
The journal entry is shown below:
Purchase A/c Dr XXXXX
To Account payable A/c XXXXX
(Being the goods are purchased on credit)
Answer:
To add days excluding weekends, you can do as below: Select a blank cell and type this formula =WORKDAY(A2,B2), and press Enter key to get result. Tip: In the formula, A2 is the start date, B2 is the days you want to add. Now the end date which add 45 business days excluding weekends has been shown.
Answer: $76,220
Explanation:
Total Assets = Current Assets + Fixed Assets
Current Assets = Cash + Accounts Receivable
= 13,320 + 19,980
= $33,300
Fixed Assets = Equipment = $42,920
Total Assets = 33,300 + 42,920
= $76,220
Answer:
- Now that the very evidence that lead to conviction of the defendant, that person will no longer serve the sentence given as a punishment as a result of the crime committed.
- Yes, the defendant would be free to go for now, unless they can produce any more evidence to charge him with the crime he allegedly committed.
- Conventionally it would go back to the trial court until and unless specified otherwise by the judge.
- It could go all the way up to the supreme court depending on whether the legal counsel handling the case puts in a request for it.
Hope that answers the question, have a great day!
Answer:
b) 34,500 Regular units and 69,000 Ultra units
Explanation:
The computation of the firm break even point in units for Regular and Ultra is shown below:
Weighted average contribution margin per unit is
= (19 × 1 ÷ 3 + 23 × 2 ÷ 3)
= 21.6666 per unit
Now Break even point unit is
= 2242500 ÷ 21.666
= 103500 unit
Now
Regular = 103500 ÷ 3 = 34500
And Ultra = 103500 - 34500 = 69000
So the correct option is b
