Answer:
What would be the impact on January 1, 2015, the date of the sale?
The following journal entries should be made to register the sale:
January 1, 2015: 2 cars are sold
- Dr Cost of Goods Sold 37,000
- Cr Merchandise Inventory 37,000
- Dr Accounts Receivable 50,000
- Cr Sales Revenue 50,000
On January 30, 2015 Outback Subaru Limited received payment in full from the town for the cars. What would be the impact of this transaction on this date?
The following journal entry should be made to register the payment:
January 30, 2015: the local government paid the cars
- Dr Cash 50,000
- Cr Accounts Receivable 50,000
Answer:
Multiple choices are:
18.5%
16.7%
34.6%
15.9%
The correct option is the last one,15.9%
Explanation:
The simple rate of return is the annual incremental net savings divided by the initial investment.
The annual incremental net savings is the annual savings recorded from the new process minus annual depreciation charge.
annual savings is $143,000
depreciation charge=cost of new equipment-salvage value of old equipment/useful life of the new equipment
depreciation charge=($414,000-$18,000)/6=$66,000
simple rate of return=$66,000/$414,000=15.9%
Well, obviously Sara is the better employee because she's being honest and tells the boss about her mistake. Joe is not a good employee, becuse he is stealing and doesn't tell anyone about it so, your answer is Sara is the better employee. Hope it helps!
It is given that Joseph purchased 100 shares of ABCD Growth Fund for a price of $10.00 per share with a total investment of $1,000. At the end of the year he sold his investment for $11.20 per share. Find the total capital gain.
To get the capital gain, compute the total price in which Joseph sold his investment.
$11.20 x 100 = $1,120
Subtract the answer to the total price bought by Joseph
$1,120 - $1,000 = $120
The total capital gain is $120
1) Road
accident officials may visit the claimant in person, to confirm the
authenticity of the claim.
<span>2) The
RAF should reinstate their existing system (the fault-based compensation
system) with a new system proposed in the high court, called the Road Accident
Fund Benefit Scheme (RABS) – a no fault benefit system – that will pardon the
affected driver from civil liability.</span>
<span>3) Certify
that there is slight intermediary intervention as possible. For instance, lessen
the amount that lawyers take as a cut from pay-out.</span>
<span>4) Utilize more efficient employees, who can make
certain that the administrative side of the RAF runs as reasonably and smoothly
as possible, with as little deceitful behavior and corruption as possible. </span>
<span> </span>
