Answer:
$181,600
Explanation:
The computation of total cash is shown below:-
Working Note :-
Credit sales of December
= $42,000 ÷ 50%
= $ 84,000
Credit sale of November
= $23,000 ÷ 10%
= $ 230,000
Cash Collected from Credit sales
For January
= $150,000 x 50%
= $75,000
For December
= $84,000 x 40%
= $33,600
For November
= $230,000 x 10%
= $23,000
Total Cash collections from Credit sale = January + November + December
= $75,000 + $33,600 + $23,000
= $131,600
Cash sale of January = $50,000
Total Cash collected in January = Total Cash collections from Credit sale + Cash sale of January
= $131,600 + $50,000
= $181,600
Assessing one's personal entrepreneurial competencies also known as PECs is very important to evaluate your weakness and strengths when it comes to entrepreneurship. By doing this, you will be able to fix your weaknesses and strengthen your strengths for the advantage of the activity.
Answer:
That statement is true
Explanation:
Pre-determined overhead is the method of overhead calculation that being done at the beginning of each accounting period. They use the number based on estimation from the performance on the previous period.
Determining pre-determined overhead of a machine is far easier compared to human labor since machine tend to give stable performance.
Since larger companies tend to use more machines than smaller companies, pre-determined overhad is more common among larger companies and rarely found in smaller ones.
Answer:
Total capitalized cost 24,980
Explanation:
The shipping and installation cost are capitalzied as they are cost needed to make the equipment ready to use.
The down payment will be in his full amount as it is done "today".
The the note, which is an annuity will be multiplied by the annuity factor
and the note
down payment: 4,000
shipping charges 2,000
installation 3,500
6,000 annuity x 2.58 = <u> 15,480 </u>
Total capitalized cost 24,980
