Answer:
$312,000
Explanation:
Given that,
August Sales = $300,000
July sales = $330,000
Customer amounts on account are collected 60% in the month of sale and 40% in the following month.
Cash Receipts during August:
= (August Sales × 60%) + (July Sales × 40%)
= ($300,000 × 60%) + ($330,000 × 40%)
= $180,000 + $132,000
= $312,000
Therefore, the cash is budgeted to be received during August is $312,000.
Answer:
Dr Travel Expenses 40,000
Cr Prepaid Expenses 40,000
Explanation:
Friends International
Dr Travel Expenses 40,000
Cr Prepaid Expenses 40,000
Travel Expense for $40,000 was been DEBITED in order to recognize the expense associated with the use of the tickets and cPrepaid Expense for $40,000 was been CREDITED because the company no longer has the right to receive benefits from the prepaid tickets.
Answer:
- Common Stock: 3,500,000
- Additional paid-in capital-Common Stock: 2,100,000
- Retained earnings: 995,000
Total stockholders' equity: 6,595,000
Explanation:
- <u>Common Stock:</u> Values at the common stocks par value. (3,500,000 = 700,000 * 5)
- <u>Additional paid-in capital-Common Stock: </u>Difference between the paid price by stockholders and par value. The negations made after the issue of the stocks are not taken into account because they don´t include the company. (2,100,000 = 700,000 * 3)
- <u>Retained earnings:</u> As the dividend are declared after the end of the accountable year they are not taken into account. So the retained earnings final balance include the beginning balance plus the net income of the accountable period. (995,000)
- <u>Total stockholders' equity: </u>Addition of the previous items.
The constant monthly withdrawal amount can be calculated by using PMT function in excel as in =PMT(rate,nper,pv) where rate = 7% = 0.07/12 (Monthly rate), nper = 20 years = 20*12 = 240 months and pv = 300,000
Constant monthly withdrawal amount =PMT(0.07/12,240,300000)
Constant monthly withdrawal amount = $2,325.90
Constant monthly withdrawal amount = $2,326 (Option C)
Answer:
Vulnerability analysis
Explanation:
Since the organization has hired a security consultant to help them reduce their risk from future attacks, What the consultant would use to identify potential attackers is vulnerability analysis.
Vulnerability Analysis is a vulnerability assessment which entails an in-depth analysis of the building functions, systems, and site characteristics to identify: 1. Weaknesses in the system and
2. Determine mitigation or corrective actions that can be designed and implemented to eradicate vulnerability or reduce the vulnerabilities.
