Answer:
establish a more equitable result based on normative judgements. In the market for personal computers and in the stock market: 1) supply and demand shifts change prices and quantities.
Answer:
Since Mrs. O'Malley disenrolled form the plan because she was moving away to a location that was not served by the company, Agent Higgins compensation should not be affected.
If Mrs. O'Malley (or any other client) leaves the plan before the 3 month period because she decides to go back to her former provider since she doesn't like this plan (for whatever personal reason), then the company would be able to recoup Agent Higgins's compensation.
Answer:
$27,400
Explanation:
The amount of cash at the end of the period is calculated as;
Cash provided by operating activities
$18,200
Cash used by investing activities
($6,700)
Cash used by financing activities
($1,200)
Net increase (decrease) in cash balance
(a) $10,300
Cash at the beginning of the year
(b) $17,100
Cash at the end of the year
c = (a) + (b) = $27,400
Answer:
The answer is D. $1,830
Explanation:
FIFO means First in First out.
It is one of the inventory methods along with LIFO(Last in First out), average weighted cost and specific identification.
FIFO literally means the inventory bought first will be the first to be sold. Leaving the last inventories bought as the ending inventory.
In this question, Cost of Sales according to FIFO is:
250 units x $6 = $1,500
30 units at $11 = $330
Total =. $1,830
Therefore, the cost of sales under this method is $1,830
Cash Basis Income:
1. Cash 105000
Sales revenue 105000
2. Cash 24400
Sales revenue 24400
3.No entry
4.Expense 73200
Cash 73200
5.Expense 31000
Cash 31000
6.No entry
Sunland industries
Cash basis net Income
Sales (105000+24400) =129400
less: expenses (73200+31000) =(<u>104200</u>)
Income 25200
Accrual Basis Income
. 1.a.) Account receivable 105000
Sales revenue 105000
b.) Cash 105000
Account receivable 105000
2. a)Account receivable 24400
Sales revenue 24400
b) Cash 24400
Account receivable 24400
3. Account Receivable 38100
Sales revenue 38100
4.a) Expense 73200
Payable 73200
b) Payable 73200
Cash 73200
5.Payable 31000
Cash 31000
6. Expenses 41100
Payable 41100
Sunland industries
Accrual basis net Income
Sales (105000+24400+38100) =167500
less: expenses (73200+41100) =(<u>114300</u>)
Income 53200
