I would say FHA, from what I know.
Answer:
$7,879
Explanation:
The computation of the adjusted cash balance per bank at July 31 is shown below:
Adjusted cash balance per bank = Cash balance per bank + deposits in transit - outstanding checks
= $7,291 + $1,350 - $762
= $7,879
The other items which are mentioned are related to the adjustment made to the cash balance
Hence, ignored them
Answer:
Journal Entry
July 1,
Debit Cash / Bank $200
Credit Dividend Received (Income) $200
Explanation:
All the investments below 50% have non controlling interest in the company in which they invested. Such a investment is recorded as a fixed asset if investment is made for long term. Dividedn received fro here will be considered as the Dividend income which is recorded and shown on the Income statement with other Income.
The answer is: A decrease in the profit-maximizing rate of output and a decrease in the firm's profits.
Answer:
D. $1,050,200
Explanation:
The January cash collections from sales are
Total Budgeted sales for January are $939,000
Cash sales = $939,000 x 0.20 = $187,800
Cash from customers for January sales = $939,000 x 0.80 x 0.75 = $563,400
Cash from december sales = $299,000
Total January cash collections from sales are = $187,800 + $563,400 + $299,000 = $1,050,200