Jenkins wins extend the lease and no acceptance
Answer:
Under the accrual basis, it should recognize $1,000,000 as property tax revenue for the year 2019. The remaining $45,000 that it does not collect in year 2019 will be accounted for as Property Tax Receivable while the $5,000 will be recorded as Uncollectible Expense in 2019.
Explanation:
The accrual concept or basis of accounting requires that all revenues and expenses relating to a fiscal year be recognized in that accounting year. It is not only the actual cash receipts and payments that should be recognized. This means that any revenue that is due but not yet received will be accounted for in the year that the revenue arises. And all the related expenses for raising the revenue will also be accounted for in the same year.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
One year ago, Deltona Motor Parts deposited $16,500 in an investment account to buy new equipment three years from today. Today, it is adding another $12,000 to this account. The company plans on making a final deposit of $20,000 to the account one year from today.
To calculate the future value of the investment, we need to use the following formula:
FV= PV*(1+i)^n
First deposit= 16,500*(1.045^4)= 19,676.56
Second deposit= 12,000*(1.045^3)= 13,694
Third deposit= 20,000*(1.045^2)= 21,840.5
Total= $55,211.06
Answer:
poop is the place to go. as long a as there is a bathroom nearby
Answer:
d. $8,300.
Explanation:
Direct Materials
Beginning 8,200
Purchases *16,800
Requisitions 18,400
Ending 6,600
We solve for purchases:
6,600 + 18,400 - 8,200 = 16,800
WIP Inventory
Beginning 7,700
Materials 18,400
Labor 13,700
Overhead 8,200
Transferred Out <u> 39,700*</u>
Ending 8,300
The transferred-out from WIP inventory is the transferred-in for Finished Goods
