Answer:
The journal entries to record service revenue during July should be:
Dr Cash 3,600
Cr Service revenue (80 hours per month) 3,600
Dr Accounts receivable [(115 - 80 hours) x $40] 1,400
Cr Service revenue 1,400
Since the company has collected only the regular hours provided according to the contract, the remaining hours should be recorded as accounts receivable.
Answer:
When prices drop people usually go buy it even if it is a little drop.
Explanation:
They go because of a phycological difference in price.
Answer:
1.27%
Explanation:
Rate of return = [(1+real risk free rate)/(1+inflation rate)]-1
real risk free rate = 3.5%
inflation rate = 2.20%
Therefore Rate of return = [(1+ 3.5%)/(1+2.20%)]-1
=1.27%
they have offset all of their energy consumption with wind power, preventing over 16,000 tons of greenhouse gases from entering the atmosphere each year. Silk Soy milk is made from a mixture of organic and natural, non-genetically-modified soybeans, reducing the amount of pesticides in the air, soil, and water.
Answer:
3rd year depreciation expense = $21156.25
Explanation:
Annual Depreciation [Dep pa] = [Cost of Asset - Scrap Value] / Useful Years
Asset Cost = 111000 ; Scrap Value = 13500 ; Useful Years = 8
Dep pa = [111000 -13500] / 8
= 97500 / 8 → = 12187.5
Depreciation for 2 years : Dep pa x 2 → = 12187.5 x 2 → = 24375
Remaining asset value at end of 2 years = Cost - total depreciation until now
= 111000 - 24375 → = 86625
- At beginning of 3rd year :
Remaining Cost = 86625 ; Scrap Value = 2000 ; Useful Years = 4
Dep pa = [ 86625 - 2000] / 4
= 84625 / 4 → = 21156.25
