Answer:
The correct answer is:
$80,500 (b.)
Explanation:
First of all, not that total anticipated October sales is the same thing as projected October sales. Therefore, this sale is calculated as follows:
Projected sales = 7,000
unit price = $11.50 per unit
Therefore
Price for 7,000 units = 11.5 × 7,000 = $80,500
Answer:
The correct answer is letter "C": life is the total cost divided by the total annual depreciation.
Explanation:
The composite depreciation method uses the straight-line depreciation to rate and average the loss of value in given assets. It divides the useful life figure by the total depreciable cost to arrive at the total depreciation per year. It is helpful to determine the depreciation in a complete class of assets.
Answer:
False (B)
Explanation:
Long-term borrowing & repaying cash from lenders
Long-term borrowing will be classified under financing activities as it represents capital sourced from loan investors (e.g Bondholders,Banks e.t.c). As for repaying cash from lenders, capital repayment will be classified under financing activities while interest is recognized either under operating or financing activity.
Cash investments by or dividends paid to stockholders.
Cash investment by stockholders will be categorized under financing activities while dividend paid can either be categorized as operating or financing activity.
Answer:
8
Explanation:
Every year, the National Association of Business Professionals of America (BPA) elects up to 10 student representatives. The National Officers are elected from the Secondary and Post-secondary Divisions.
For the year 2019-2020, there are eight national officers; six from the secondary divide and two from the post-secondary division
Answer:
$37,100
Explanation:
The computation of the adjustment made to Allowance for Doubtful Accounts is shown below:
= Ending account receivable balance × uncollectible percentage - credit balance of Allowance for Doubtful Accounts + written off amount
= $235,000 × 10% - $22,300 + $35,900
= $23,500 - $22,300 + $35,900
= $37,100
We simply applied the above formula so that the adjustment amount could arrive
