The demand will increase most likely
Answer:
$1,476,000
Explanation:
According to the scenario, computation of the given data are as follows:-
Statement of The Cash Flow 31 December,2022
Particular Amount Total Amount
Net Income $1,200,000
Depreciation $192,000
Accounts receivable Decrease $420,000
Accounts payable Decrease ($336,000)
$276,000
Net cash provided by operating activities $1,476,000
Answer:
310.5 activity rate per employee
Explanation:
Number of employees:
135 Car Rental
65 TruckRental
200 total
We have to distribute the total cost over the cost driver, in this case numebr of employee
62,100/200 = 310.5 activity rate
Answer:
a) Jenna's tax basis = $45,000 + ($13,000 - $10,000) = $48,000
loss allocation = $65,000
loss limited by her tax basis = $65,000 - $48,000 = $17,000
b) Jenna's at risk loss = $48,000 - $13,000 = $35,000
c) Jenna's loss limited by passive activity = $35,000 - $4,000 = $31,000
Answer:
Dr. Cr.
July 19
Cash $792
Discount expense $8
Account Receivable $800
Explanation:
The term 1/15, n/30 mean there is a discount of 1% is available on the sales value, if payment is made within 15 days of sale with credit term of 30 days.
The sale of $900 was made on July 10 and discount period is until July 25.
On July 12 goods amounting $100 was returned and now the amount due from the customer is $800 ( $900 - $100 ).
The payment made on July 19 is actually in the discount period and it is eligible for the discount as it is made before July 25.
Discount = Amount due x Discount rate
Discount = $800 x 1% = $8
$792 Cash received against the sale made on July 10 and discount $8 is expensed. Total of $800 is credited from the account receivable account to eliminate it.
