Answer:
Explanation:
1.August 6.
Account Receivable-Ds Unlimited (64*170) Dr.$10,880
Sales Revenue Cr.$10,880
Cost of Goods Sold ($150*64) Dr.$9,600
Inventory Cr.$9,600
2.August 10.
Inventory/Sales Revenue (4*170) Dr.$680
Account Receivable-Ds Unlimited Cr.$680
3. August 14.
Cash (10,880-680)*99% Dr.$10,098
Cash Discount Dr.$ 102
Accounts Receivable Cr.$ 10,200
Note:
The gross method of discount is used which means at time of receipt, discount impact is taken. In this question 1/10 means 1% discount allowed if payment made within 10 days of sale. This means DS unlimited qualifies for cash discount as payment is received on 14 August
Answer:
$114,100
Explanation:
Data provided:
corporation's net operating income = $11,500
FE Division's divisional segment margin = $80,100
GBI Division's divisional segment margin = $45,500
Now,
the total segment margin
= ( FE Division's divisional segment margin ) + ( GBI Division's divisional segment margin )
on substituting the respective values, we get
the total segment margin = $80,100 + $45,500 = $125,600
Thus,
the common fixed expense not traceable to the individual divisions will be calculated as:
= the total segment margin -corporation's net operating income
on substituting the respective values, we get
= $125,600 - $11,500
= $114,100
Generally speaking, the taxpayer can deduct his alimony payment but not his child support payment. He may, however, be entitled to claim the child as a dependent, although this is beyond the scope of the question.
We can deduct the alimony payment but not the child support payment. Smith paid Goode $20,000 in 2017, although he owes 24,000. The adjusted gross income depends only on how much Alimony he paid.
If he paid the full $6,000 alimony and only 14,000 of child support, he can deduct the $6,000 for an adjusted gross income of 50,000- 6,000= $46,000.
If, for example, he paid the full $18,000 in child support and only 2,000 in alimony, he can only deduct the $2,000 for an adjusted gross income of 50,000 - 2,000 =48,000.
Huh? I don’t see what the q is here? Answer is
Answer:
The correct answer is number "2": False.
Explanation:
According to the case:
- <em>Units on hand: </em><em>20</em>
- <em>Units planned for sale: </em><em>100</em>
- <em>Units desired as pending inventory: </em><em>10</em>
- <em>Units planned for purchase: </em><em>x</em>
Thus,
<em>Total inventory</em><em> = Units planned for sale + Units desired as pending inventory</em>
<em>Total inventory </em><em>= 100 + 10</em>
<em>Total inventory </em><em>= 110 units</em>
So,
<em>Units planned for purchase </em><em>= Total inventory - Units on hand</em>
<em>Units planned for purchase </em><em>= 110 - 20</em>
<em>Units planned for purchase </em><em>= </em><em>90 units</em>
<em />
The company should plan to purchase 90 units.