Answer:
The correct answer is $117,500
Explanation:
According to the scenario, the given data are as follows:
Sales for august = $110,000
Sales for September = $190,000
So, we can calculate the September cash receipts by using following formula:
Cash receipt from August = $110,000 × 55% = $60,500
Cash receipt from September = $190,000 × 30% = $57,000
Total cash receipt for September = Cash receipt from August + Cash receipt from September
= $60,500 + $57,000
= $117,500
Answer:
An emergency fund should not be used for buying things you wan't, but an emergency fund should be used for buying the nessecities like things you need
Explanation:
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Answer:
a. $69.46
b. 58.15
Explanation:
a. Price = Benchmark PS ratio × Sales per share
<u>Sales per Share</u>
= Sales / Shares outstanding
= 2,100,000/130,000
= $16.15
Price = 4.3 * 16.15
Price = $69.46
b. PS Ratio is 3.6
Price = Benchmark PS ratio × Sales per share
Price = 3.6 * 16.15
Price = $58.15
Answer:
$3.389
Explanation:
Data provided as per the question below
Fixed cost = $300,000
Variable cost = $200,000
Total cost = $500,000
Units produced = 59,000
The computation of variable cost per unit is shown below:-
Variable cost per unit = Variable cost ÷ Units produced
= $200,000 ÷ 59,000
= $3.389
Therefore we applied the above formula.
Answer:
Date General Journal Debit Credit
Dec 31 Supplies expenses $2,300
(1,650+3,800-3150)
Supplies $2,300
(To record the supplies used during the period)
Dec 31 Insurance expenses $1,650
Prepaid expenses $1,650
(To record the insurance expired for December)
Dec 31 Salaries expenses $15,300
Salaries payable $15,300
(To record the unpaid salaries)
Dec 31 Deferred revenue $1,150
(3450/3 months)
Rent revenue $1,150
(To record the revenue earned during the period)
