Answer:
$24,000
Explanation:
Beginning Cash Balance 33,000
Budgeted Cash Receipt <u>182,000</u>
Total Available Cash 215000
Less: Cash Disbursements <u>-191,000</u>
Total excess (deficiency) of cash available $<u>24,000</u>
The answer is <span>Synthetic Transactions
</span>Examples of <span>Synthetic
- Transactions would be creating user logs for every transaction that is created in the website for receipts purpose.
</span>- Creating <span>Synthetic Transactions that allow potential customers to connect ti company's site and surf the content in order to know how well it works.</span>
examines problems with two or more solutions by establishing criteria with which to compare the alternatives
Answer and Explanation:
a. The preparation of income statement is shown below:-
Income Statement
Service revenue $80,000
operating expenses
Salary expenses $28,000
Uncollectible accounts
expense $3,273
Total operating expense $31,273
Net income $48,727
Working Note :-
Days Amount Percentage Allowance balance
Current $16,800 0.01 $168
0-30 $5,100 0.05 $255
31-60 $4,000 0.10 $400
61-90 $2,000 0.30 $600
Over 90
days $3,700 0.50 $1,850
Total $31,600 $3,273
b. The computation of net realizable value of the accounts receivable is shown below:-
Net realizable value = Accounts receivable - Allowance for doubtful accounts
= ($80,000 - $48,400) - $3,273
= $31,600 - $3,273
= $28,327