Answer: B
Explanation: I am pretty sure the answer is going to B, accounting is a profession that requires a lot of math
Answer: The answer has been attached
Explanation:
The journal is a book in accounting that is used to record the transactions that affect a business. It should be noted that the double entry method of bookkeeping is utilised while recording in a journal.
The journal has been attached in the following way:
1. The journal was used to record the balance sheet particulars.
2. To record the transaction in the internal service fund that is external to the government.
3. To record the internal service fund in the government-wide statements as a part of governmental activities.
It should also be noted that the net income of $84,000 was to be shared as one-third to general government, one-third to public safety, and one-third to public works. This means they'll all receive ($84,000/3) = $28,000 each.
Further explanation can be found in the attached file.
Answer:
A. $17,280.
Explanation:
First we have to find the depreciation rate which is shown below:
= One ÷ useful life
= 1 ÷ 5
= 20
Now the rate is double So, 40%
In year 2017, the original cost is $120,000, so the depreciation is $48,000 after applying the 50% depreciation rate
And, in year 2018, the ($120,000 - $48,000) × 40% = $28,800
And, in year 2019, ($120,000 - $48,000 - $28,800) × 40% = $17,280
Hence, the first option is correct
Answer:
Option (a) is correct.
Explanation:
For February,
Opening inventory would have been:
= 25% of February
= (25% × $89,000)
= $22,250
Ending inventory would have been:
= 25% of March
= (25% × $59,000)
= $14,750
Hence,
Cost of goods sold = Opening inventory + Purchases - Ending inventory
$89,000 = $22,250 + Purchases - $14,750
Purchases = $89,000 + $14,750 - $22,250
= $81,500
Therefore, the budgeted purchases of inventory in February Year 2 would be $81,500.
Answer:
$50,400
Explanation:
To do this first start by multiplying .12 x 35,000. The answer should be $4,200. After this multiply 4,200 by 12 in order to get the amount of money earned over a 12 month period. This will give you $50,400.
