HELP PLS!!! If a customer is dissatisfied and disgruntled, a customer service profession should act as an intermediary,

Molly's auto detailers maintains its records on the cash basis. During 2018, molly's collected $72,800 from customers and paid $

igor_vitrenko [27]

Accrued Net Income will be calculated as below:

Sales $72800

Less Expenses $20400

Cash Income $52400

Less: Depreciation $4900

Add: Accounts Receivable Inc $4500

Less: Reduction in Prepaid Exp $1900

Add: Reduction in Acc Liab $1700

Accrued Income $51800

Depreciation will be reduced as its an expense and all expenses will be reduced.

Increase in Accounts Recievables indicate there have been sales which have not been paid for yet, thus sales will increase and this needs to be added

Reduction in Prepaid Expenses refer to expenses being paid off earlier but now need to be recognised, thus these need to be added to expenses

Reduction in accrued liabilitites indicate that expenses of previous period have been paid off now thus those need to be reduced from cash expenses.

6 0

3 years ago

Burnett Corp. pays a constant $9.80 dividend on its stock. The company will maintain this dividend for the next 14 years and wil

lys-0071 [83]

Answer:

The current price of the stock is $68.42

Explanation:

The dividends on a stock that pays a constant dividend and will cease paying dividend after a defined period can be treated as an annuity. The dividends are constant and are paid after equal interval of time and for a defined period of time. To calculate the price of the share today, we will use the formula for the present value of ordinary annuity. The formula is,

Present value = 9.8 * [ 1 - (1+0.11)^-14 / 0.11 ]

Present value or current price of the stock = $68.42

6 0

3 years ago

The effects of ____ are not sufficiently strong to manipulate consumers, alter their preferences, or make the ad more memorable,

katrin2010 [14]

Answer:

Subliminal stimuli

Explanation:

Subliminal stimuli is defined as a stimulus that is below the sensory capacity of an individual. It is below the threshold where the individual can perceive that there is a change in something. For example if a company is producing potato chips and they want to increase salt content.

The point at which the consumer starts to notice a change in salt content of the potatoe chips is above the subliminal stimuli.

Although subliminal stimuli is not readily perceived it can unconciously influence consumer behaviour.

3 0

3 years ago

Read 2 more answers

What item should you look for when adjusting your check register?

Varvara68 [4.7K]

Answer:

The payment and the Deposit

Explanation:

The check register is adjusted using the item: payment and the Deposit and from the point of view of the bank statement the item is the withdrawal and deposit.

8 0

3 years ago

Read 2 more answers

On July 23 of the current year, Dakota Mining Co. pays $7,147,920 for land estimated to contain 9,048,000 tons of recoverable or

Korolek [52]

Answer:

ore deposits 7,147,920 debit

cash 7,147,920 credit

--to record purchase of land with ore deposit--

machinery 1,900,080 debit

account payable 1,900,080 credit

Account payable 1,900,080 debit

Cash 1,900,080 credit

--to record machine installation and payment of it 2 days later--

depletion expense 368,535

depreciation expense 97,965

ore deposit 368,535‬

equipment accumulated depreciation 97.965‬

Explanation:

the first entries are quite self-explanatory

<u>Now, to calculate the depreication and depletion:</u>

The machine will be depreciate at the same phase as the ore deposit As the asset is relate to it and will have no value after the miniming project ends.

depreciation for the year:

466,500 / 9,048,000 x 7,147,920 = 368.535‬ ore deposit amortization

466,500 / 9,048,000 x 1,900,080 = 97.965‬ equipment depreciation

3 0

3 years ago