Answer and Explanation:
The journal entries are shown below:
a. Account receivable Dr $25,000
To Sales revenue $25.000
(Being goods sold on account)
b. Sales returns & allowance Dr $2,500
To Account receivable $2,500
(being returned goods is recorded)
c. Cash Dr $21,825
Sales discount Dr ($22,500 × 3%) $675
To Account receivable ($25,000 - $2,500) $22,500
(being cash is recorded)
Answer: 30.1%
Explanation:
The unemployment rate includes those who do not have employment but are actively looking for employment not those who do not have a job and are not looking.
The rate is also based on the Labor force which is the portion of the population that is <u>able</u> and <u>willing</u> to work. Retirees are not included in this measure. Those who are not looking are not willing.
Labor Force = 50 full-time + 15 part-time + 28 unemployed
= 93 people
Unemployment rate:
= 28 / 93 * 100
= 30.1%
Answer:
Inventory Balance to be reported at year end is C. $135,000
Explanation:
Ending Inventory = Opening Inventory + Purchases - Sales
<u>Calculation of Inventory Balance to be reported at year end</u>
Opening Inventory $9,000
<em>Add</em> Purchases of Inventory $180,000
<em>Less </em>Sales at cost of Inventory ($54,000)
Ending Inventory $135,000
Answer:
The correct answer is d. liquid financial assets that for tax purposes must be reinvested in the firm if not distributed as dividends to shareholders.
Explanation:
One of the variables that best measure a company's financial capacity is free cash flow (FCF). It consists of the amount of money available to cover debt or distribute dividends, once payment to suppliers and purchases of fixed assets (construction, machinery ...) have been deducted.
In general, this calculation serves to measure the ability of a business to generate cash regardless of its financial structure. That is, the FCF is the cash flow generated by the company that is available to meet payments to its financing providers.
In short, the FCF is the balance of treasury that is free in the company, that is, the money available once the mandatory payments have been met. Normally, the FCF is used to remunerate shareholders via dividends or to amortize the principal of the debt and meet interest.
1. Secure Hosting Service
2. Identify Skills and Background
3. Know Your Audience
4. Research
5. Types of Products
6. Advertising
7. Budget
