Answer:
Carriage outwards: 7,520 debit
Explanation:
Accounts DEBIT CREDIT
Plant and machinery 95,000
Property 135,000
Inventory 6,400
Receivables 2,850
Payables 3,600
Bank overdraft 970
Loan 45,000
Capital 100,000
Drawings 32,000
Sales 362,000
Carriage outwards x
Purchases 156,000
Purchase returns 2,200
Discounts received 3,500
<u>Sundry expenses 82,500 </u>
TOTAL 509,750 517,270
We construct the trial balance and the carriage outwar balance will be the diference between debit and credit:
517,270 - 509,750 = 7,520
The step in retirement planning that Janice is completing is "Developing a balanced budget based on her retirement income"
She is making a checklist of her expenses and income and what is the excess income she can keep for her interests. So, she is actually involved in making a budget for her retirement based on her income and anticipated expenses
Answer:
B. Grouting
Explanation:
These are the options for the question;
A. Epoxy resin
B. Grouting
C. Tensioning
D. Ranging
In the case of dormant cracks wider than about 1m, it is more economical to use grouting method.
Grouting techniques is a techniques that is achieved by removal of dirt or unwanted substance from the crack of the the faulty part and then grouting of the crack after which the surface is sealed by sealants. It should be noted that grouting is economical than other methods such as surface treatment.
Answer:
The correct answer is option (c).
Explanation:
Solution
From the question sated above the answer is, Firms or organisation decrease inventory because the more we spend on inventory, the more we will need to spend on the other related inventory expenditures.
The reason is because if the inventory is kept full or complete, then the cost related or connected with the maintenance of the inventory increases or goes up and it is not beneficial for the company itself.
Answer:
The firm's receivable turnover is 20 times
Explanation:
The computation is shown below:
Accounts receivable turnover ratio = (Credit sales ÷ average accounts) receivable
where,
Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2
= ($0 + $50,000) ÷ 2
= $25,000
And, the net credit sale is $500,000
Now put these values to the above formula
So, the answer would be equal to
= ($500,000 ÷ $25,000)
= 20 times
And, the average collection period in days = Total number of days in a year ÷ accounts receivable turnover ratio
= 360 days ÷ 20
= 18 days
