Answer:
Nexium & Associates Journal entries
March 1
Dr Accounts Receivable800
Cr Service Revenue 800
March 9
Dr Office Furniture1,060
Cr Office Supplies 160
Cr Accounts Payable1,220
March 15
Dr Accounts Payable1,220
Cr Cash1,220
March 23
Dr Electricity Expense430
Cr Accounts Payable430
March 31
Dr Salaries Expense850
Cr Cash850
Explanation:
The details given about Nexium & Associates are straight forward and required no further
adjustment.
Answer:
Proposition of Fact
Explanation:
A proposition of fact is the argument that tries to convince the audience about a course of action which the argument maker desires everyone must accept. So in this scenario, Janet brings forward a solid argument which is supported by the accident outcome and this argument can be used to convince the audience.
Accrued Net Income will be calculated as below:
Sales $72800
Less Expenses $20400
Cash Income $52400
Less: Depreciation $4900
Add: Accounts Receivable Inc $4500
Less: Reduction in Prepaid Exp $1900
Add: Reduction in Acc Liab $1700
Accrued Income $51800
Depreciation will be reduced as its an expense and all expenses will be reduced.
Increase in Accounts Recievables indicate there have been sales which have not been paid for yet, thus sales will increase and this needs to be added
Reduction in Prepaid Expenses refer to expenses being paid off earlier but now need to be recognised, thus these need to be added to expenses
Reduction in accrued liabilitites indicate that expenses of previous period have been paid off now thus those need to be reduced from cash expenses.
Answer:
Financial disadvantage of 138,600
Explanation:
![\left[\begin{array}{cccc}&produce&buy&Differential\\$Purchase&&-447,000&-447,000\\$Avoidable\: Cost&-283,400&0&283,400\\$Unavoidable\: Cost&-114,400&-114,400&0\\$Total Cost&-397,800&-561,400&-163,600\\$additional segment&0&25,000&25,000\\$Net Effect&-397,800&-536,400&-138,600\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%26produce%26buy%26Differential%5C%5C%24Purchase%26%26-447%2C000%26-447%2C000%5C%5C%24Avoidable%5C%3A%20Cost%26-283%2C400%260%26283%2C400%5C%5C%24Unavoidable%5C%3A%20Cost%26-114%2C400%26-114%2C400%260%5C%5C%24Total%20Cost%26-397%2C800%26-561%2C400%26-163%2C600%5C%5C%24additional%20segment%260%2625%2C000%2625%2C000%5C%5C%24Net%20%20Effect%26-397%2C800%26-536%2C400%26-138%2C600%5C%5C%5Cend%7Barray%7D%5Cright%5D)
The allocate cost and teh depreciation cost will be unavoidable, so should be considered as a cost for the purchase option
Also the inocme from teh additional segment is only considered for the purchase option
<u>The avoidable cost will be:</u>
Direct Materials
Direct Labors
Variable overhead
Supervisor
Thse cost are zero in the purchase escenario
Answer:
$50 billion.
Explanation:
Current Account represents the balance of Trade (Imports & Exports) plus net income and direct payments. Countries strive to maintain their current account surplus which is an indicator that the country is producing and exporting more than its consumption and imports. In this case, it is clearly stated that there are no other factors like income or transfers, so we just have to compare exports and imports. The formula for Current Account in this case is:
Exports - Imports
⇒ 150 - 100 = $50 billion.
