Answer:
Total cash= $265,000
Explanation:
Giving the following information:
Sales:
July $200,000
August $300,000
September $250,000.
40% of the sales are for cash, and 60 percent are on credit. For the credit sales, 50 percent are collected in the month of sale and 50 percent the next month.
We need to determine the cash collection for September:
Cash collection:
Sales in cash September= 250,000*0.4= 100,000
Sales on account September= (250,000*0.6)*0.5= 75,000
Sales on account August= (300,000*0.6)*.5= 90,000
Total cash= $265,000
Answer:
2.87%.
Explanation:
The total return, also refer to as Nominal return or Money return, is based on the nominal interest rate. For example, let's say that you deposited $100 into a bank account and the bank offers you an annual return of 11%. This 11% is the stated interest rate, it is known as nominal interest rate, and it is rate before taking into account the effect of inflation. When we deduct the effect of inflation from nominal rate, it gives us the real rate. Real rate reflects the Purchasing Power. The Fisher equation will be used to determine the expected inflation rate. The Fisher equation is as follows:
(1 + i ) = (1 + r) * (1 + h)
where
i = Nominal (Money) rate
r = Real rate
h = Inflation rate
Simply adjust the equation to calculate the inflation rate;
⇒ h = [(1 + i) / (1 + r)] - 1
OR h = [(1 + .11) / (1 + .079)] - 1 = 2.87%.
Answer:
$38,100 ; $45,600 and $0
Explanation:
The computation is shown below:
For amount transferred from the income summary account to the Retained Earnings account in the third closing entry i.e net income or net loss
As we know that
Net income = Total revenues - total expenses
Commission revenue $49,700
Rent revenue $7,300
Less: expenses
Depreciation expense - $5,200
Utilities expense -$8,600
Supplies expense -$5,100
Net income $38,100
The balance in retained earning account is
= Opening retained earning balance + net income - dividend paid
= $22,500 + $38,100 - $15,000
= $45,600
And, the balance in depreciation expense account is zero as this depreciation expense account is closed while closing the expenses account i.e utilities expense, supplies expense and depreciation expenses
Answer:
- c. Any pattern, particularly with audience involvement
- a. Warm, pleasant, and open
Explanation:
As this is a follow-up presentation, it would be best to find out how the participants have fared in relation to the subject since the last presentation. For this reason, the main focus is audience involvement so any patter is fine so long as audience participation is emphasized.
The delivery style that would best work here is a warm, pleasant and open one. This would encourage audience involvement and it can be more easily pulled off because you have good relationships with all the registered participants.
Answer:
the percent mark up would be 50 percent.
the original price is 6 dollars, and 50 percent of 6 Is 3, and the price is 9 dollars. 6 + 3 is 9.
