Answer:
$72,600
Explanation:
Ending balance of the account receivable can be calculated by adding credit sales in beginning balance and deducting any account receivable written-off.
As we have the ending balance of account receivable, we need to calculate credit sales by following formula:
Account receivable Ending Balance = Account receivable Beginning Balance + Credit Sales - Bad Debt - Ending Balance
$320,000 = $260,000 + Credit Sales - $12,600
$320,000 = $247,400 + Credit Sales
Credit Sales = $320,000 - $247,400 = $72,600
Answer:
8 units
Explanation:
The marginal utility deals with the additional satisfaction derived from consuming additional units
In the given case, the first yield has 18 units of utility, the second yield has additional 12 units of utility and the total utility is 38 units, so the marginal utility of the third Pepsi would be
= Total utility - first utility - second utility
= 38 units - 18 units - 12 units
= 38 units - 30 units
= 8 units
Answer: (B) Confidence
Explanation:
According to the given scenario, the confidence is one of the entrepreneurial characteristics that are highlighted a confident is refers to the ability of an individual person to believe in their own decisions and quality.
The confident is one of the important key to be successful and believe in own abilities.
As, Jenna left her current job for start her own management organization so she is confident about her ability for achieving her main goal and believe in herself.
Therefore, Option (B) is correct.
Answer:
$24,000
Explanation:
The computation of the adjusted basis in the land after the exchange is shown below:
= Adjusted basis at the time of exchange + additional amount given
= $20,000 + $4,000
= $24,000
We simply added the Adjusted basis at the time of exchange and the additional amount so that the accurate value can come.
And the other information which is given in the question is not relevant. Hence, ignored it
Answer:
$1,066.67
Explanation:
Using straight line method, depreciation expense is constant throughout the life of an asset.
Depreciation is calculated as seen below;
Depreciation = Cost of asset - Residual value
= $18,200 - $2,200
= $16,000
Depreciation rate = 1/5 × 100
= 20 percent
Depreciation per year = 20/100 × 16,000
= $3,200
During the year 1, the van operated for four months (Sept, Oct, Nov and Dec)
Depreciation for the four months = 4/12 × 3,200
= $1,066