Answer:
A. Accounts Receivable—Are Corporation 1,075
Cost of Goods Sold 800
Sales 1,075
Finished Goods Inventory 800
Explanation:
The account represent the right to claim the billed ammount to Are Corporation. It is an asset, which increase from debit
COGS are 800 those are expenses, it decrease the owner equity, it goes into debit.
The sales are revenue, this increase the owner equity, it goes into credit.
The inventory decrease, those goods were used and no longer in the company, the accounting must write them off
Answer:
Explanation:
Don't open the link , it's a virus
Answer:
B) $20
Explanation:
Calculation for how much that would be recorded as the 2021 expenditure
Using this formula
Expenditure =Invoiced cost-General fund
Let plug in the formula
Expenditure =$520-$500
Expenditure =$20
Therefore the amount that would be recorded as the 2021 expenditure will be $20
Answer:
C $ 3,113.036
Explanation:
First step will be calcualte the future value of the bond and stock funds:
C 1,100
time 180 ( 15 years x 12 months)
rate 0.005833333 (7% divided into 12 months)
PV $348,658.5264
C 500
time 180
rate 0.003333 (4% divided by 12 months)
PV $123,045.2441
total fund: 348,658.5264 + 123,045.2441 = 471,703,7705
Then this will be placed to yield 5% and we will do motnly withdrawals:
we need to calcualte the PTM of this annuity:
PV $471,703.77
time 240
rate 0.004166667
C $ 3,113.036