Answer:
My savings
Explanation:
Savings for a month is the amount left after deducting all my expenditure from my monthly income
Savings = income - total expenditure
income = $2,000
total expenditure = $200 + $1,000 + $400 + $200 = $1,800
Savings = $2,000 - $1,800 = $200
 
        
             
        
        
        
Answer and Explanation:
The indication of the basic analysis and the debit credit analysis is as follows;
Date                   Basic Analysis                    Debit - Credit Analysis
Aug. 1       The asset Cash is increased;     Debits increase assets;
               the stockholders' equity account   Debit Cash
                 Common stock is increased.         $10,880
                                                       Credits increase stockholders' equity
                                                                       Credit Common stock
                                                                              $10,880
Aug. 4            The asset Prepaid Insurance        Debits increase assets;
                            is increased;                              Debit Prepaid Insurance
               the asset Cash is decreased.               $ 1,500
                                                                               Credits decrease assets;
                                                                              Credit Cash
                                                                               $ 1,500
Aug. 16        The asset Cash is increased;        Debits increase assets;
            the revenue Service revenue               Debit Cash
              is increased.                                         $880
                                                                           Credits increase revenues:
                                                                           Credit Service revenue
                                                                           $880
Aug. 27      The expense Salaries expense    Debits increase expenses:
                   is increased;                                Debit Salaries expense
                  the asset Cash is decreased.       $680.
                                                                        Credits decrease assets:
                                                                       Credit Cash
                                                                          $680
 
        
             
        
        
        
Answer: Establish a revocable living trust.
Explanation:
A revocable living trust is a written document that details how an individual assets would be handled after they die. They are used to avoid probate and protect privacy of the trust owner, beneficiary of trust and reduce estate taxes. Assets placed in the beneficiary name are transfered from the owners account or details to theirs.
 
        
             
        
        
        
Solution :
1. Allocation on the basis of 
                                               LX                               EX
Direct Material                    125000                       90000
Direct  cost                  90000                       60000
 cost                  90000                       60000
Manufacturing overhead       
                        
                               (202500/5000 x 2000)     (202500/5000 x 3000)
Total cost                             296000                       271500
Units produced                       50                               30
Cost per unit                          5920                           9050
2. Allocation on the basis of  :
:
                                               LX                               EX
Direct Material                    125000                       90000
Direct labor cost                  90000                       60000
Manufacturing overhead    121500                       81000
                         (202500/150000 x 90000)     (202500/150000 x 60000)
Total cost                             336500                       231000
Units produced                       50                               30
Cost per unit                          6730                           7700
3. Allocation on the basis of 
                                               LX                               EX
Direct Material                    125000                       90000
Direct labor cost                  90000                       60000
Manufacturing overhead    112500                        90000
                               (202500/2700 x 1500)     (202500/2700 x 1200)
Total cost                             327500                       240000
Units produced                       50                               30
Cost per unit                          6550                          8000 
 
        
             
        
        
        
Answer:
$4,100
Explanation:
In this question ,we apply the income statement equation
Opening stock + Purchase + Gross profit = Sales + Closing stock
$4,500 + $17,000 + $11,600 = $29,000 + Closing stock
$33,100 = $29,000 + Closing stock
So, the closing stock would be
= $33,100 - $29,000
= $4,100
The gross profit is computed below:
= Sales × gross profit percentage 
= $29,000 × 40%
= $11,600