Morgan Pharmaceutical spends $50,000 this year in research and development for a new drug to cure liver damage. By the end of th
1 answer:
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Answer:
The events have been explained below while the Horizontal Statement is attached for Expert Computers as of 2018.
Explanation:
Expert Computers
Horizontal statements model
For the year ending 2018
2. It means that if Expert Computers opt to pay for merchandise inventory within 10 days than they can avail the discount of 2%, otherwise they will be paying net amount in 30 days.
3. A/C Payable Balance = $70,000
Paid 1 Half = $70,000 x 1/2 = $35,000
Discount = $35,000 x 2% = $700
Cash Decrease by = $35,000 - $700 = $34,300
4. It means that if the buyer pays the amount within 20 days of the purchase than Expert Computers will give 1% discount, otherwise full amount needs to be paid within 30 days.
5. This is the cost of goods sold.
6. Account Receivables = $56,900
Discount Allowed = $56,900 x 1% = $569
Cash = $56,900 - $569 = $56,331
8. Since the discount is not availed as payment to vendor made within 30 days. Hence, the remaining amount of current liability will balance out with $35,000.
Answer: $1,600
Explanation:
The training hours per employee can be calculated by multiplying the Employee Training hours by the cost of training per employee.
From the Attached document, the Baldwin company does 80 hours of training for employees.
The Training costs per Employee is;
= 80 * 20
= $1,600
