Answer:
cost of goods manufactured= $5,000
Explanation:
Giving the following information:
Beginning Finished Goods Inventory= 12,000
Ending Finished Goods Inventory= 8,000
Cost of Goods Sold= $9,000
To calculate the cost of goods manufactured, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
Isolating cost of goods manufactured
cost of goods manufactured= -beginning finished inventory + COGS + ending finished inventory
cost of goods manufactured= -12,000 + 9,000 + 8,000
cost of goods manufactured= $5,000
Answer and Explanation:
The journal entries are shown below:
On Jan 1
Cash $14,000
To Capital owner $14,000
(being cash received)
On Jan 2
Cash $9,500
To Account service revenue $9,500
(being cash received)
On Jan 3
Account receivable $4,200
To Service revenue $4,200
(being service provided on account)
On Jan 4
Advertising expense $700
To Cash $700
(being cash paid is recorded)
On Jan 5
Cash $2,500
To Account receivable $2,500
(being cash received)
On Jan 6
Owner drawings $1,010
To cash $1,010
(being cash paid is recorded)
On jan7
Telephone expense $900
To Account payable $900
(Being telephone bill received)
On Jan 8
Account payable $900
To cash
(being cash paid is recorded)
Answer:
(D) franchising.
Explanation:
The franchising is an innovative idea to increase the sales of the company brand through which the company can able to capture maximum market size across the work. This strategy works with the motive to expand the business.
In this, there are two parties i.e franchiser and franchisee. The franchiser sells its logo, name, rights to the outlets that we called franchisee. For this, the franchiser gets the lump sum payment and profit share, etc.
Answer:
On or before April 15, year 2.
Explanation:
Answer:
option B) $ 25M
Explanation:
Data provided in the problem:
Without proposed project A,
The estimated cash flows over the next 3 years = $ 275M
With the proposed project A,
The estimated cash flows over the next 3 years = $ 300M
Now, the amount of incremental cash flows associated with Project A will be calculated as;
Incremental cash flow = Cash flows (With Project A) - Cash flows (Without Project A)
on substituting the values, we get
Incremental cash flow = $ 300M - $ 275M = $ 25M
Hence, the correct answer is option B.
