The amount to be recognized as net accounts receivable on the balance sheet as of November 30 is $2,750.
2/10, n/30 means that the buyer will eligible to take 2% Discount if he pays the invoice within 10 days and if buyer does not pay the amount within 10 days, then, the net amount is due within 30 days after sales invoice date.
Also, Lifetime receives orders from Tinley High School for $1,200 worth of custom. Therefore, nothing is sold and nothing is advance.
Therefore, Lifetime records will be recognized as Net accounts receivable on the balance sheet as of November:
= Sales - Sales Return
= $3,070 - $320
= $2,750
Therefore, the amount to be recognized as net accounts receivable on the balance sheet as of November 30 is $2,750.
See similar solution here
brainly.com/question/15586277
You have been seconded to North (Pty) Ltd to assist with the preparation of the group financial statements. Their accountant has recently resigned and they are under pressure to have these finalised for the annual audit. North (Pty) Ltd acquired a 100% interest in South (Pty) Ltd on 1 January 2017 for R125 000. On 1 January 2017, the retained earnings of South (Pty) Ltd was R15 000.
The following Trial Balances, for the year-ended 31 December 2020, were prepared by the accountant prior to his departure.
All the plant of South (Pty) Ltd was purchased during the 2017 financial year.
The carrying amount of goodwill is considered to be equal to its recoverable amount.
Bank
Trial Balance at 31 December 2020
Retained earnings (year-end)
Share capital
(71,000) (45,000)
(200,000) (75,000)
Investment in South (Pty) Ltd
125,000 -
Property, plant and equipment
105,000 85,000
Inventory
38,000 25,000
Accounts receivable
27,000 20,000
25,000 15,000
Accounts payable
Sales
(39,000) (20,000)
(64,000) (55,000)
Dividend Income
(5,000) -
Cost of Sales
34,000 35,000
Operating Expenses
12,000 8,000
Taxation
3,000 2,000
Dividends
10,000 5,000
North (Pty) Ltd South (Pty) Ltd
00
Note: Comparatives are not required.
2
QUESTION 1 – REQUIRED
1.1
1.2
1.3
Prepare the consolidated Statement of Comprehensive Income for the year-ended 31 December 2020.
Presentation
Prepare the Statement of Changes in Equity for the year-ended 31 December 2020.
Presentation
Prepare the assets section only of the consolidated statement of financial position of North (Pty) Ltd and it subsidiary for the year- ended 31 December 2020.
Presentation
Sub- total
9 1
7 1
6
1
Marks Total
Answer:
41 9 1 7 1 6 _ 1 58+02-88=898
In buying an existing business the prospective buyer should ask questions about the operation of the business which of the following would be an appropriate question to ask
In buying an existing business, the questions that would be appropiate for the prospective buyer to ask are the following:
E. All of the above are appropriate questions to ask.I was able to find the complete exercise online and the exercise had five options to choose from. These are the options:
A. Is the business operating at a profit? B. Why are you selling? C. Are there any problems with the business? D. Will the customers stay with the business?E. All of the above are appropriate questions to ask.The correct option was "E" because all the questions are not only appropiate but necessary to ask.
When buying an existing business, you need to know everything about the business and the reason why the owner is selling because it may make you change your opinion or help you make future decisions.
Check more information in the following link https://brainly.com/question/1268505?referrer=searchResults
Answer: A) What are you going to do with the down payment?
Explanation:
I got it right trust
if the natural rate of unemployment is 5%, what is the total rate of unemployment if output is 2% below potencial output?
HELPPP Why do many business owners avoid market research? Question 14 options: They're afraid of hearing any negative feedback. They don't know how to do it. They're unwilling to take the time. They're shy.
Answer:
they are afraid of hearing any negative feedback
Your job right now is to finish reading chapter 14. How strongly would you be motivated to do that if you were sweating in a room at 105 degrees Fahrenheit? Imagine your roommate has turned on the air-conditioning. Once you are more comfortable, are you more likely to read? Look at Maslow's hierarchy of needs to see what needs would be motivating you at both times. Now recall a situation in your home, school, or work life in which you were feeling particularly motivated to do something. Which of the needs identified by Maslow motivated you then? (Required at least 300 words).Original Post due by Friday 10/29/2021 (50% of the grade)
Answer:
we're is the picture of the questions
a negative in the pigmalion effect theory
Explanation:
Negative implications of the Pygmalion Effect: Unjustified expectations end up becoming real. ... Secondary teachers have lower expectations to colored students and students from poor and disadvantaged backgrounds.
a) Using the information in the table above, calculate the value of GDP for Sandy Island in 2019 (Show your calculation).
b)Calculate the value of net exports (Show your calculation).
a) Sandy Island's 2019 GDP is $1,200 billion.
b) The value of the net exports is -$200 billion ($300 - $500 billion).
Data and Calculations:
Personal Consumption Expenditure = $900 billions
Government Expenditure = $300 billion
Net Indirect Taxes = $350 billion
Investment Expenditure = $200 billion
Exports of goods and services = $300 billion
Imports of goods and services = $500 billion
Depreciation = $100 billion
In Economics, Sandy Island's 2019 GDP is defined by the following formula: GDP = C + I + G + NX
Where GDP = Gross Domestic Product
C = Personal Consumption Expenditures
I = Investment (business expenditures and home purchases by households)
G = Government Expenditure or Spending
NX = Exports - Imports
Thus, Sandy Island's 2019 GDP = $1,200 ($900 + $200 + $300 + $300 - $500) billion.
Learn more: calculating a nation's GDP here: https://brainly.com/question/1384502
At December 31, Hawke Company reports the following results for its calendar year.
Cash sales $80,000
Credit sales $200,000
In addition, its unadjusted trial balance includes the following items.
Accounts receivable $108,000 debit
Allowance for doubtful accounts $1,100debit
An aging analysis estimates that 5% of year-end accounts receivable are uncollectible.
Required:
Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet.
U.S. new home sales hit six-month high as the median price stays above $400,000: Sales of new U.S. single-family homes surged to a six-month high in September.New home sales jumped 14.0% to a seasonally adjusted annual rate of 800,000 units last month, the highest level since March, the Commerce Department said. #accelerationism
Summarize your results of the personality assessment and how you think these elements might help or hinder you as a leader.
Personality assessment refers to the proficiency in professional psychology that's vital in measuring the personal characteristics of a person.
Personality assessment can also be used in diagnosing psychological problems and screening candidates for college and employment.
Personality assessment is important as it's vital in fueling leadership development. It can also be used by a leader to uncover deep insights about himself or herself.
Read related link on:
https://brainly.com/question/25302961
Camilla works as a data entry specialist in the local government offices. The government office is trying to update by getting rid of all paper records. Which is where Camilla comes in. What is one task that Camilla might have as part of the job
I will give 20 points And brainliest
Answer:
Camilia would likely have to either 1. scan the documents to online or 2. Copy all information on the documents to online. Due to it being a government officer, all documents are likely important and will be copied to the cloud/drive.
Explanation:
This is just a answer using logic, not any actual definitions.
Answer:
scanning the records into the system
Explanation:
its the most logical considering they want all paper records gone, but probably want to keep them in the system
Quá trình sản xuất mà ở đó người ta sản xuất và xử lý một khối lượng lớn một loại sản phẩm hoặc một nhóm sản phẩm nào đó. Thiết bị được lắp đặt theo dây chuyền sản xuất làm cho dòng di chuyển của sản phẩm có tính chất thẳng dòng.
Answer:
uhhh....... ........ English
Answer:
English please?
Explanation:
i dont understand ur language-
On Plum Perfect Department Stores' most recent balance sheet, the balance of its inventory at the beginning of the year was $15,000. At the end of the year, the inventory balance was $21,500. During that year, its cost of goods sold was $64,000. All purchases of inventory throughout the year were on account. What was the total of Plum Perfect's purchases during the year? Plum Perfect's total purchases during the year were
Answer:
$70,500 total purchases
Explanation:
15,000 - Starting inventory
21,500 - Ending inventory
6,500 - Difference
64,000 - COGS
64,000 + 6,500 =
$70,500 total purchases
(I havent taken accounting in a year so double check my answer)
There are four steps in solving one's personal financial challenges:
1. considering opportunity costs
2. assessing risks and returns
3. setting short- and long-term goals
4. assessing needs and wants
Which of these is the correct order of these steps?
2, 1, 3, 4
1, 2, 3, 4
4, 1, 2, 3
4, 2, 3,1
What comparison can be made between command economies and market economies?
etafset
Answer:
The difference between command economy's and market economy's is that a command economy the government controls what is produced and how it will be shared. and in a market economy people have more freedom and can make their own decisions.
Explanation:
One of the fine examples of frugal innovation is the the world’s cheapest car Tata Nano, for which Tata has most likely done __________ segmentation.
Answer:
What is market segmentation
Explanation:
One of the fine examples of frugal innovation is the the world’s cheapest car Tata Nano, for which Tata has most likely done market segmentation.
At its core, market segmentation is the practice of dividing your target market into approachable groups. Market segmentation creates subsets of a market based on demographics, needs, priorities, common interests, and other psychographic or behavioral criteria used to better understand the target audience.
Did this help?
Brainly, thank yous, ratings are always appreciated : ) Miss Hawaii
Mooradian Corporation’s free cash flow during the just-ended year (t = 0) was $160 million, and its FCF is expected to grow at a constant rate of 5.0% in the future. Assume the firm has zero non-operating assets. If the weighted average cost of capital is 12.5%, what is the firm’s total corporate value, in millions?
The firm’s total corporate value, in millions is: $22,400,000.
Using this formula
Firm Total Corporate Value =Free cash flow (1+ Growth) / Average cost of capital - Growth
Where:
Free cash flow=$160 million
(1+ Growth) =(1+5.0%)
Average cost of capita=12.5%
Growth=5%
Let plug in the formula
Firm Total Corporate Value= $160,000.000 ( 1+0.05)/12.5%-5%
Firm Total Corporate Value=$160,000,000(1.05)/7.5%
Firm Total Corporate Value=$168,000,000/7.5%
Firm Total Corporate Value=$22,400,000
Inconclusion the firm’s total corporate value, in millions is: $22,400,000.
Learn more here:
https://brainly.com/question/14002820
time in line to buy groceries
To remodel a restaurant, Two Brothers Pizza signs a 250-day note with proceeds of $63,159.72 and a maturity value of $68,000. Find the APR.
The annual percentage rate is 11.19%.
Annual percentage rate is the yearly interest generated on the loan granted to borrowers or paid to investors.
.
The formulae for APR is (Maturity Value / Net Proceed - 1) * (365 / Period of Note).,Given data
Net Proceed = $63,159.72
Maturity Value = $68,000
Period of Note = 250 days
APR = ($68,000 / $63,159.72 - 1) * (365 / 250)
APR = 0.076636 * 1.46
APR = 0.1119
APR = 11.19%
Therefore, the annual percentage rate is 11.19%.
See similar solution here
brainly.com/question/19636374
As an economic concept, scarcity applies
to A) both money and time.
B) money but not time.
C) time but not money.
D) neither time nor money
Answer:
A
Explanation:
both the poor and the rich. Scarcity requires that people must. make choices. As an economic concept, scarcity applies to. both money and time.
Time and money are the two most in-demand precious resources. Most people lack one, the other, or both in an excessive amount. Therefore Option (A) is the correct option.
What is scarcity?Scarcity as an economic principle "refers to the fundamental truth of existence that there exists only a finite number of human and nonhuman resources that the finest technical knowledge is capable of exploiting to produce just a restricted maximum amount of each economic product."
There wouldn't be any economic goods, or comparatively scarce products if the conditions of scarcity didn't exist and "unlimited amounts of every good could be generated or human demands entirely met."
A limited supply of a good or service that may be in demand on the market or by the public is known as scarcity. The inability of an individual to purchase goods is another aspect of scarcity. Scarcity's opposite is abundance.
Learn more about scarcity, from:
brainly.com/question/15128318
#SPJ2
Earliest finish time (EF) is the earliest time by which a specific activity can be completed, calculated Question 37 options:___.
a. by subtracting the activity’s estimated duration from the earliest finish time of the activity's predecessor: EF = EF predecessor - Estimated Duration.
b. by subtracting the activity’s estimated duration to the activity’s earliest start time: EF = ES - Estimated Duration.
c. by adding the activity’s estimated duration to the earliest start time of the activity's succeeding activity: EF = ES succeeding activity + Estimated Duration.
d. by adding the activity’s estimated duration to the activity’s earliest start time: EF = ES + Estimated Duration
The Earliest finish time (EF) is the earliest time by which a specific activity can be completed; it is calculated "by adding the activity’s estimated duration to the activity’s earliest start time: EF = ES + Estimated Duration."
This is because to know the Earliest finish time, one needs to have the Estimated duration or completion time of the project.
Then, the Estimated Duration would the added to the Earliest Start time to get the Earliest Finish Time.
This is based on the Critical Path method of determining the project duration.
Hence, in this case, it is concluded that the correct answer is option D.
Learn more here: https://brainly.com/question/14827417
Learn more here:
The owner of Genuine Subs, Inc., hopes to expand the present operation by adding one new outlet. She has studied three locations. Each would have the same labor and materials costs (food, serving containers, napkins, etc.) of $1.80 per sandwich. Sandwiches sell for $2.50 each in all locations. Rent and equipment costs would be $5,040 per month for location A, $5,560 per month for location B, and $5,730 per month for location C.
Required:
a. Determine the volume necessary at each location to realize a monthly profit of $10,500.
b. If expected sales at A, B, and C are 20,800 per month, 22,000 per month, and 22,800 per month, respectively, calculate the profit of each location.
c. Which location would yield the greatest profits?
Answer:
The selling price per unit (sandwich) is $2.50
The variable cost per unit (sandwich) is $1.80
Contribution margin per unit = Selling price per unit - Variable cost per unit
=$2.50 - $1.80
=$0.70
Target sales volume to achieved at location A
The fixed cost is $5,040 per month
The target profit is $10,500 per month
TargetSales=Fixedcosts+TargetprofitContributionmarginperunitTargetSales=Fixedcosts+TargetprofitContributionmarginperunit
TargetSales=5,040+10,5000.70TargetSales=5,040+10,5000.70
TargetSales=22,200unitsTargetSales=22,200units
The company needs to sell 22,200 units at location A to achieve target profit of $10,500
Target sales volume to achieved at location B
The fixed cost is $5,560 per month
The target profit is $10,500 per month
TargetSales=Fixedcosts+TargetprofitContributionmarginperunitTargetSales=Fixedcosts+TargetprofitContributionmarginperunit
TargetSales=5,560+10,5000.70TargetSales=5,560+10,5000.70
TargetSales=22,943unitsTargetSales=22,943units
The company needs to sell 22,943 units at location B to achieve target profit of $10,500
Target sales volume to achieved at location C
The fixed cost is $5,730 per month
The target profit is $10,500 per month
TargetSales=Fixedcosts+Target
Explanation:
only i can do sorry
the pigmalion effect applies to consumer behavior?
The Pygmalion effect is where an individual's performance is influenced by others' expectations. In other words, higher expectations lead to higher performance. However, the Pygmalion effect specifically refers to how our expectations of others affect our behavior towards them.
Explanation:
The Pygmalion effect is where an individual's performance is influenced by others' expectations. In other words, higher expectations lead to higher performance. However, the Pygmalion effect specifically refers to how our expectations of others affect our behavior towards them.
The Pygmalion effect, or Rosenthal effect, is a psychological phenomenon wherein high expectations lead to improved performance in a given area. The effect is named after the Greek myth of Pygmalion, a sculptor who fell in love with a statue he had carved, or alternately, after the psychologist Robert Rosenthal.
You have been asked to evaluate two alternatives, X and Y, that may increase plant capacity for manufacturing high-pressure hydraulic hoses. The parameters associated with each alternative have been estimated. Which one should be selected on the basis of a present worth comparison at an interest rate of 14% per year
What is the economics
All of the following indicate a possible pest infestation EXCEPT:
Dust underneath a storage shelf
Shredded paper towels in a corner of the dry storage area
Egg casings behind the refrigerator
Gnaw marks on a trash can
dust underneath a storage shelf
Statement that doesn't gives indication of pest infestation as regards this question is A: Dust underneath a storage shelf.
Pest infestation can be regarded as the presence of an unusually large number of insects in place They usually cause damage or disease and it is a result improper management of a place in an healthy way.Some of the activities that can cause this at home are Egg casings behind the refrigerator which can invite pest.Another one is Gnaw marks on a trash can.Therefore, option A is correct.
Learn more at:
https://brainly.com/question/3842535?referrer=searchResults
In addition to the UFMIP (up-front mortgage insurance premium), the owner-occupant borrower who decides to use an FHA mortgage loan will normally pay an additional annual mortgage insurance premium (MIP) that depends on the loan-to-value ratio and the term of the loan. As of 2019, the MIP ranged from ____________ percentage of the average annual loan balance
As of 2019, the MIP ranged from 0.8 percent to 1.05 percent of the average annual loan balance.
This is usually based on the MIP on a 30-year loan range. Alternatively, the MIP ranges between $800 to $1,050 for every $100,000 borrowed.
The exact amount of MIP to be paid by borrowers depends on the actual amount borrowed and the down payment or equity made.
MIP stands for Mortgage insurance premiums which the Federal Housing Administration mortgage borrowers pay.
Hence, in this case, it is concluded that the correct answer is 0.8 percent to 1.05 percent.
Learn more here: https://brainly.com/question/22490844
3 reasons for pricing a product
Answer:
The three reasons for pricing a product are:
Achieving market share.Investments.Supply.The only accurate statement about consequentalism is:
Answer:
is a class of normative, teleological ethical theories that holds that the consequences of one's conduct are the ultimate basis for any judgment about the rightness or wrongness of that conduct.
Nick and Matt are the partners in a local health food store. They
needed $73,000 to start the business. They invested in the ratio 3:7
a. How much money did each invest?
b. What percent of the business was owned by Matt? Round to the
nearest tenth of a percent
a. The amount that each invested is: Nick $21,900; Matt $51,100.
b. Percent of the business owned by Matt is 70%.
a. Amount invested by each
First step is to calculate the total parts
Total parts=3x + 7x
Total parts=10x
Second step is to calculate the cost per part(x)
Cost per part(x)=73,000/10
Cost per part(x)=7,300
Third step is to calculate the money invested by Nick and Matt
Money invested by Nick=3x
Money invested by Nick=3×7,300
Money invested by Nick=$21,900
Money invested by Matt=7x
Money invested by Matt=7×7,300
Money invested by Matt=$51,100
b. Percent owned by Matt
Using this formula
Percent owned by Matt =Part owned by matt/Total part
Let plug in the formula
Percent owned by Matt =7x/(3x+7x)
Percent owned by Matt=7x/10x
Percent owned by Matt=0.7×100
Percent owned by Matt =70%
Inconclusion the amount that each invested is Nick $21,900; Matt $51,100 and the percent of the business owned by Matt is 70%.
Learn more here:
https://brainly.com/question/17250642
poigghhgfdsfgvbbbbnhjm
Answer:
Explanation:
For time
Answer:
what are you talking about ??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
Explanation:
