Answer:
$ 1,723.76
Explanation:
Given:
Interest factor = 4.641
Rate of interest, r = 10%
Future value of the annuity = $ 8,000
Now,
The future value of annuity is calculated as
=
Where,
P = Principal payable
r = interest rate
n = number of payments
thus, on substituting the values, we get
$8,000 = P × Interest factor
or
$ 8,000 = P × 4.641
or
Annual payment, P = $ 1,723.76
Answer:
$30,000
Explanation:
The computation of the royalty revenue reported is shown below:
= Patent-related sales for the year × given percentage
= $300,000 × 10%
= $30,000
The revenue is recognized when it is earned or realized so only $30,000 is to be reported as the royalty revenue
The remaining amount i.e $20,000 would be treated as an unearned royalty revenue
Answer:
Department 1: $34,800
Department 2: $56,840
Department 3: $24,360
Explanation:
Statement showing allocation of advertisement expenses based on departmental sales:
Department 1:
Percentage of Total sales = (Department 1 sales ÷ Total sales) × 100
= ($273,000 ÷ 910,000) × 100
= 30%
Allocated amount:
= Percentage of Total sales × Advertising costs
= 30% × $116,000
= $34,800
Department 2:
Percentage of Total sales = (Department 2 sales ÷ Total sales) × 100
= ($445,900 ÷ 910,000) × 100
= 49%
Allocated amount:
= Percentage of Total sales × Advertising costs
= 49% × $116,000
= $56,840
Department 3:
Percentage of Total sales = (Department 3 sales ÷ Total sales) × 100
= ($191,100 ÷ 910,000) × 100
= 21%
Allocated amount:
= Percentage of Total sales × Advertising costs
= 21% × $116,000
= $24,360
In QuickBooks Online, the Products and Services list contains the items that will appear on your client's purchase and sales transactions. What must happen to each product/service item mapped is that it muts reflect on Chart of Accounts list.
<h3>What is the
QuickBooks Online?</h3>
This is a small business accounting software that businesses use to manage income and expenses and keep track of the financial health of their business. It is used for invoicing customers, paying bills, generating reports, and preparing taxes.
The QuickBooks product line includes several solutions that work great for anyone, from a freelancer to a midsized business.
In conclusion, as the Products and Services list contains the items that will appear on your client's purchase and sales transactions. What must happen to each product/service item mapped is that it muts reflect on Chart of Accounts list.
Read more about QuickBooks Online
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A way that she can show her boss that she is technically
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and a way of being able to have the success of her workers to be acknowledged
on the recently acquired and committed assignments.