Answer:
$12,215
Explanation:
The computation of the adjusted book balance is shown below:
Balance as per books = $10,200
Add:
Note collected by bank $2,100
Add; Interest revenue $50
Less:
Service charges -$35
NSF check - $100
Adjusted book balance = $12,215
We simply added and deducted the items so that the adjusted book balance could arrive
Answer:
1.5
Explanation:
The computation of operating leverage is shown below:-
where,
The (Sales - Variable costs) = Contribution margin
The (Sales - Variable costs - Fixed costs) = EBIT
So, the operating leverage is
= (Contribution margin
) ÷ (Earning before Interest and Taxes)
= ($875,000 - $425,000) ÷ ($875,000 - $425,000 - $150,000)
= $450,000 ÷ $300,000
= 1.5
In a perpetual average cost system a new weighted-average unit cost is calculated each time additional units are purchased.
Option B is correct
Explanation:
"Average" represents the mean expense of production items from the sale time below the perpetual method. This marginal cost is compounded by the numbers of distribution units, deducted from the stock in the possession and debited to the Expense of Items Sold balance.
Divide the prices of goods available on the market by the amount of available on the market to be using the median weighted practice, which results in the total average cost of units. The cost of the product available on the market is the amount of the original production and net sales in this estimate.
Answer:
$10,000 in 20X1 and $0 in 20X2
Explanation:
Pink is allocated $10,000 ($40,000 x 25%) of income in 20X1. In 20X2, Pink is allocated $0 income, as distributions are generally NOT taxable if they do not exceed basis
Answer:
b. 42.12 days
Explanation:
Calculation for Graber company's average collection period will be:
Using this formula
Average collection period =Sales/[(Beginning accounts receivable +Ending accounts receivable)/2]
Let plug in the formula
130,000/[(18,000 + 12,000)/2]
=130,000/(30,000/2)
130,000/15,000
= 8.66days
Hence,
365/8.666666
=42.12 days
Therefore Graber company's average collection period will be 42.12 days