Answer:
The $2,700 is the amount which recognized as net accounts receivable on the balance sheet as of November 30
Explanation:
The computation of net accounts receivable is shown below:
= Selling price of softball equipment - defective merchandise amount
= $3,000 - $300
= $2,700
The $1,800 is not considered in the computation part because the Wilton company received an order from Douglas high school which is irrelevant for Paola middle school. Neither the discount terms are considered because the company did not receive the amount.
Answer:
Correct option is d)
Explanation:
Assuming all other things same as that of last year, with purchase of new asset, depreciation expense will increase, with that net income from operations will decrease, in cash flow statement when such depreciation will be added back then the net income from operations will decrease accordingly, therefore, there will be no impact of increase in depreciation on cash flow from operations.
Further such purchase of new asset will increase the balance of fixed assets in balance sheet and therefore, will only impact on balance sheet.
Thus correct option is d)
Answer:
b. $6.50 per machine-hour
Explanation:
The computation of the predetermined overhead rate is
= Total fixed manufacturing overhead cost ÷ Total machine-hours + Variable manufacturing overhead per machine-hour
= $294,000 ÷ 70,000 + $2.30
= $4.20 + $2.30
= $6.50 per machine-hour
Therefore, all the other information that is given are irrelevant. Hence, ignored it
Answer:
Financial literacy is the capacity to grasp and use different financial skills effectively.
