Answer:
Amortization expense $11,500
To Accumulated Amortization- Leasehold improvements $11,500
(Being the expenses for the first year is recorded)
Explanation:
The journal entry is as follows
Amortization expense $11,500
To Accumulated Amortization- Leasehold improvements $11,500
(Being the expenses for the first year is recorded)
The computation is shown below:
= Incurred expenses ÷ remaining life
= $23,000 ÷ 2
= $11,500
While recording this transaction we debited the amortization expense as the expenses account is increased while at the same time the accumulated amortization should be credited as it decreased the value of the asset
Answer:
B. the amount the customer can pay
Explanation:
Pricing is one of the 4 P's of marketing mix. It involves assigning the right value to one's goods and services. Choosing the right price on a product will determine the success of the business because if it is too high, customers will not afford it and therefore not be willing to buy it. However, if it is priced right and it meets their needs, they will most likely buy it , making choice B correct.
Answer:
$35,000 (inflow)
Explanation:
Net investing cash flows is computed as follows;
Inflow:
Issued common stock $75,000
Sold equipment 40,000
Total $115,000
Less: outflow
Purchased land $60,000
Paid dividends 20,000
Total outflow $80,000
——————
Net investing cash flows $35,000
*positive cash flows (inflow is greater than outflow) will increase the amount cash of the company
*proceeds from the bank classified as financing activity
*paid employees and sold services to customers are fall under operating activities
Answer:
Sales
Explanation:
Sales is defined as the activities which are related to the selling or the number of the services or goods that are sold in the given period of time or year.
The seller who finished or concluded the sales in relation to the acquisition or appropriation or in a direct interaction at the time of sale with the buyer.
Therefore, the percentage of the sales method, separates the accounts on the balance sheet and pro forma income statement into those which change directly with sales.
