Swifty Industries expects credit sales for January, February, and March to be $233,200, $275,600, and $318,000, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month.
Compute cash collections from customers for each month.

Answers

Answer 1

The cash collections from customers for each month are January: $174,900, February: $265,000 and March: $307,400.

To compute cash collections from customers for each month, we will follow these steps:

1. Calculate the percentage of sales collected in the month of sale (75%).
2. Calculate the percentage of sales collected in the following month (25%).
3. Apply these percentages to the credit sales for January, February, and March.
4. Sum the collections for each month.

January:
- Cash collections in January (75% of January sales): $233,200 * 0.75 = $174,900
- No collections from previous month

Total cash collections for January: $174,900

February:
- Cash collections in February (75% of February sales): $275,600 * 0.75 = $206,700
- Collections from January (25% of January sales): $233,200 * 0.25 = $58,300

Total cash collections for February: $206,700 + $58,300 = $265,000

March:
- Cash collections in March (75% of March sales): $318,000 * 0.75 = $238,500
- Collections from February (25% of February sales): $275,600 * 0.25 = $68,900

Total cash collections for March: $238,500 + $68,900 = $307,400

The cash collections from customers for each month are as follows:
- January: $174,900
- February: $265,000
- March: $307,400

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Related Questions

Explain the point of view of why the gender pay gap in sports is reasonable.
Please also list any sources used.

Answers

Answer:

In the world of sports, there is a notorious wage gap between men and women, in which male athletes earn much higher wages than women. Thus, for example, the best soccer player in the world, the Argentine Lionel Messi, earns about $ 100 million a year, while the best-paid female soccer player is the American Alex Morgan, who earns about $ 500,000 a year.

This huge gap has its logic in the world of advertising: men, due to physical and anatomical characteristics, have a better performance in sports in general (with some exceptions), with which their performance is more spectacular than that of female athletes, thus generating a larger audience and, therefore, generating higher advertising revenue. Because of this situation, that is, to generate higher income, it is that male athletes earn more money than female athletes.

states may not charge premiums to medicaid enrollees who qualify for the program with incomes below what percentage of the federal poverty level (fpl)?

Answers

States may not charge premiums to Medicaid enrollees who qualify for the program with incomes below 150% of the Federal Poverty Level (FPL). This is a requirement set by the Centers for Medicare and Medicaid Services (CMS).

States have some flexibility in setting their own Medicaid eligibility criteria, but they must comply with certain federal guidelines. One of these guidelines is the requirement that states cannot charge premiums to Medicaid enrollees with incomes below 150% of the FPL.

This is because Medicaid is designed to provide health coverage to low-income individuals and families who may not be able to afford health insurance otherwise. Charging premiums to this population could create a barrier to accessing healthcare services, which is contrary to the program's goals.

It's worth noting that some states have received waivers from CMS to implement premiums or other cost-sharing requirements for Medicaid enrollees. However, these waivers generally apply to specific populations or circumstances and must still comply with certain federal rules.

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Asking customers to complete a survey once they've purchased a product is part of what step of the product development process?
A.Idea screening
B.Commercialization
C.Customer feedback
D.Market testing

Answers

Answer:

C. customer feedback

Which of the below does not represent a company that requires up-to-the-second information? A.911 response.
B.Stock traders. C.Banks D.Construction companies.

Answers

Construction companies does not represent a company that requires up-to-the-second information.

The process of creating a building or infrastructure is known as construction. Building varies from manufacturing within this manufacturing usually includes mass manufacture of comparable things without a specific consumer, whereas construction is usually done on-site for a recognized client.

A firm, corporation, enterprise, or similar entity was formed to build different structures, developments, properties, facilities, homes, paths, pavement, roads, and highways, as well as other construction projects. Construction firms are founded and function in numerous nations throughout the world. A skilled contractor may provide a wide range of construction services. New house construction, remodeling, commercial construction, building services, home improvement, landscaping services, roof services, demolition services, construction management, or property management are some of the most frequent forms of construction services.

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1- add more descriptive and Correct gramma
Collision report writing.
Clearance bar scratch the van roof.
About 12 am I was at east west toward Barrington venue, I did turn to right to go to Barrington venue to exit bray venue. When I pass to exit. The clearance bar rub the top of the vehicle.

Answers

At approximately 12 AM, I was driving east on West Street toward Barrington Avenue. As I made a right turn to enter Barrington Avenue from Bray Avenue, the clearance bar scratched the roof of my van.

In more detail, the incident occurred when I was driving eastbound on West Street and intended to exit onto Barrington Avenue. I made a right turn from Bray Avenue to access Barrington Avenue.

As I passed through the exit, the clearance bar came into contact with the top of my vehicle, causing a scratch on the van's roof. Please note the importance of checking clearance heights before passing through such areas to avoid damage to your vehicle.

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Describe the tradeoffs associated with participation in international organizations and national sovereignty.

Answers

International organizations play a significant role in fostering global cooperation and addressing transnational issues. However, participation in these organizations involves certain tradeoffs with national sovereignty.

One tradeoff is the potential loss of decision-making autonomy. When a country joins an international organization, it often agrees to adhere to a set of rules and regulations, which may limit its ability to make independent decisions on matters such as trade policies, environmental standards, and human rights.

Another tradeoff is the financial burden. Membership in international organizations often requires financial contributions, which can strain a country's budget and divert resources from national priorities. Additionally, organizations may impose economic sanctions on member states that fail to comply with their obligations, further impacting their economies.

A third tradeoff involves the potential erosion of national identity and culture. International organizations often promote globalization and interdependence, which may lead to the adoption of foreign values and practices, potentially undermining national traditions.

Lastly, participation in international organizations may expose countries to external influences and pressures. Member states may face criticism or pressure from other members to adopt specific policies, even if those policies may not align with national interests.

In conclusion, while participation in international organizations can provide numerous benefits such as increased cooperation, shared resources, and global problem-solving, it also involves tradeoffs with national sovereignty. Countries must carefully weigh these tradeoffs when deciding whether to join or engage with international organizations.

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Whom does the government and public administration career clutter serve?
A. Private citizens
B. Army and navy
C. Government employees and the military
D. National security and the foreign service

Answers

B i’m pretty sure if not i think it would be d

Answer:

it is A. Private citizens

Explanation:

edge 2020 :)

Which economic tool would most likely be used as part of a contractionary
monetary policy?
A. Lowering the reserve requirement
O B. Raising interest on reserves
C. Buying treasury securities
D. Reducing the discount rate
SUBMIT

Answers

Answer:

O B. Raising interest on reserves

Explanation:

The Federal Reserve expects banks to keep a percentage of customer deposits as reserves. The reserves cater to both the normal and unexpected withdrawals. The Federal Reserve (Fed) also uses reserve requirements as a monetary policy tool.

Interest on reserves is one of the monetary policy tools that the Fed uses regularly. The Fed pays interest on any excess reserves held by the banks. Increasing the interest paid on reserves encourages banks to hold more money.  Decreases the interest prompts the banks to lend out more. Contractionary monetary policies are measures aimed at decreasing the money supply in the economy. Increasing interest on reserves increases money held in the banking sectors, thereby slowing down money circulation.

Answer: B. Raising interest on reserves

Explanation:

Just got it right!!!

Which of the following are characteristics of a scarce resource?
Choose 1 answer:
Choose 1 answer:

(Choice A)
A
The supply of the resource exceeds the demand of the resource.

(Choice B)
B
There is a fixed quantity of the resource available but no demand for it.

(Choice C)
C
There is a demand for that resource with limited supply.

(Choice D)
D
There is limited supply of a resource with no demand for that resource.

(Choice E)
E
The resource has unlimited supply and limited demand.

Answers

There is a demand for that resource with limited supply  are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.

As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply   growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.

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If you lose your job in this country, you can claim unemployment and collect money to help you until you can find another job. This is because of economic

security
freedom
equity
growth


(I couldn’t find economics lol)

Answers

This is because of economic "Economic Security".

Economic security is characterized as a person's, family's, or alternately local area's capacity to meet their essential requirements in a feasible and honorable way. This shifts relying upon a person's actual prerequisites, the general climate, and social standards.

When a person is able and eager to work, but they are not employed, they are considered to be unemployed. A person's percentage of the labour force who is jobless is known as the unemployment rate. Consequently, knowing who is employed is necessary to calculate the unemployment rate.

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A bike cost $125 and has a 6% tax. What will your final cost be?

Answers

Answer: 132.5

Explanation: 6 Percent can be written as 0.06 as 0.06 is 6% of 1.00. If we take 0.06 and multiply it by 125 you get 7.5. This is the amount owed for tax, now add the tax amount by the bike cost and you get the final amount due, $132.5

Gordon is over 65 what is his adjusted gross income

Answers

Answer:

huh

Explanation:

hbybibhbil

1. What product/ service do you want to offer or manufacture? Why?
2. How are you going to advertise your product/service?
3. What made you choose the current location of your business?

Answers

Answer:

1. What product/ service do you want to offer or manufacture? Why?

The service would be a data analytics service. The reason is that data science and data analytics have become more and more important for companies in recent years, and there is a growing market for this kind of services.

2. How are you going to advertise your product/service?

This is a specialized service so hopefully word of mouth, and networking would be the main advertising networks. Besides that, some advertising in social media would be helpful.

3. What made you choose the current location of your business?

Because data analytics is a very digitalized job, the location of the business could be almost anywhere. Relatively low taxation, an educated workforce, and good business environment would be the main factors in deciding the location of the business.

if lana fodor paid $825.80 on a $3,169.78 credit balance. what is the new balance

Answers

FODOR FOOT ODOR BOOOOOOM WORLD OF THE PROBLEM SOLVED

Explanation:

the balance is $2343.98

How are subsidies similar to tariffs? Both are types of taxes. Both aim to lower the price of domestic goods. Both are types of tax breaks and financial assistance. Both allow domestic goods to compete against foreign goods.

Answers

Both subsidies and tariffs are tools used by governments to influence the trade of goods and services between domestic and foreign producers. Both allow domestic goods to compete against foreign goods is the correct statement. Option D

How are subsidies similar to tariffs?

The statement "Both are types of taxes" is not accurate. A subsidy is a financial assistance provided by the government to domestic producers, while a tariff is a tax imposed on imported goods.

Additionally, while subsidies aim to lower the cost of production for domestic producers, tariffs are used to increase the price of foreign goods in order to make domestic goods more competitive. So, while both subsidies and tariffs can be used to promote domestic production and protect domestic industries, they work in different ways.

Therefore, the statement that is most accurate is "Both allow domestic goods to compete against foreign goods."

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Both subsidies and tariffs are tools used by governments to influence the trade of goods and services between domestic and foreign producers. Both allow domestic goods to compete against foreign goods is the correct statement. Option D

How are subsidies similar to tariffs?

The statement "Both are types of taxes" is not accurate. A subsidy is a financial assistance provided by the government to domestic producers, while a tariff is a tax imposed on imported goods.

Additionally, while subsidies aim to lower the cost of production for domestic producers, tariffs are used to increase the price of foreign goods in order to make domestic goods more competitive. So, while both subsidies and tariffs can be used to promote domestic production and protect domestic industries, they work in different ways.

Therefore, the statement that is most accurate is "Both allow domestic goods to compete against foreign goods."

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Good Price Year 1 Quantity of Goods Year 1 Price Year 2 Quantity of Goods Year 2 Quarts of ice cream $4.00 3 $4.00 5 Bottles of shampoo 3.00 1 3.00 2 Jars of peanut butter 2.00 3 2.00 2

Answers

Complete question :

Good Price Year 1 Quantity of Goods Year 1 Price Year 2 Quantity of Goods Year 2 Quarts of ice cream $4.00 3 $4.00 5 Bottles of shampoo 3.00 1 3.00 2 Jars of peanut butter 2.00 3 2.00 2.

What was nominal GDP in year 1? What was real GDP in year 1?What was nominal GDP in year 2? What was real GDP in year 2?

Answer: $21 ; $21 ; $30 ; $30

Explanation:

Given the following:

Goods, price YR 1; qty YR 1; price YR 2; qty YR 2

Quarts of ice cream; $4.00; 3; $4.00; 5

Bottles of shampoo; $3.00; 1; $3.00; 2

Jars of peanut butter; $2.00; 3; $2.00; 2

A.) Nominal GDP in year 1:

NOMINAL GDP = SUMMATION OF THE PRODUCT OF PRICE AND QUANTITY OF GOODS FOR A PARTICULAR YEAR

QUARTZ OF ICE CREAM = $4 × 3 = $12

BOTTLE OF SHAMPOO = $3 × 1 = $3

JARS OF PEANUT BUTTER = $2 × 3 = $6

NOMINAL GDP = $(12 + 3 + 6) = $21

B) REAL GDP YEAR 1

REAL GDP = SUMMATION OF THE PRODUCT OF PRICE OF BASE YEAR AND QUANTITY OF GOODS FOR A PARTICULAR YEAR

QUARTZ OF ICE CREAM = $4 × 3 = $12

BOTTLE OF SHAMPOO = $3 × 1 = $3

JARS OF PEANUT BUTTER = $2 × 3 = $6

REAL GDP = $(12 + 3 + 6) = $21

C) NOMINAL GDP YEAR 2

QUARTZ OF ICE CREAM = $4 × 5 = $20

BOTTLE OF SHAMPOO = $3 × 2 = $6

JARS OF PEANUT BUTTER = $2 × 2 = $4

NOMINAL GDP = $(20 + 6 + 4) = $30

D)REAL GDP YEAR 2

REAL GDP = SUMMATION OF THE PRODUCT OF PRICE OF BASE YEAR AND QUANTITY OF GOODS FOR A PARTICULAR YEAR

QUARTZ OF ICE CREAM = $4 × 5 = $20

BOTTLE OF SHAMPOO = $3 × 2 = $6

JARS OF PEANUT BUTTER = $2 × 2 = $4

REAL GDP = $(20 + 6 + 4) = $30

what features does each financial institutions have

Answers

The financial institutions provide loans and advances to the customers.

The rate of return is very high in case of investment made in this type of institution.

It also gives a high rated consultancy to the customers for their beneficial investments.

It also serve as a depository for their customers.

Jane has just graduated from college and is ready to pursue a career in marketing. She asks you, her advisor to review her career portfolio before beginning her job search. Which of these items do you suggest she remove from her portfolio? O A. College transcript B. Honor society award O C. Previous job as a sales associate O D. Prom queen award​

Answers

Prom queen award is the items do you suggest she remove from her portfolio. Hence, option D is correct.

What is a career in marketing?

Marketers are responsible for promoting a company's products and services. Marketing experts frequently create and execute both inbound and outbound promotional campaigns that raise brand awareness and use marketing techniques to convince people to make a purchase from a company.

Marketing is a strong major due to its amazing versatility and potential to lead to a wide range of high-paying, in-demand careers with outstanding work satisfaction and opportunities for further study. Students majoring in marketing might make between $50k and $208k per year. The Top 10% of Earners Made Over $208,000.

The report's conclusions were based on information gathered from a survey of more than 400 marketing and advertising professionals situated in the United States.

Thus, option D is correct.

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List 5 Entrepreneural qualities​

Answers

Explanation:

resolute motivation and passion, creative thinking, self discipline, risk taking ability, and persistence

Each of these statements is true if you work forty-five hours in the same pay period:


you will receive health insurance at no cost to you

you will have worked full-time during that period

you will have worked five hours overtime

your minimum hourly wage will be at least $10

Answers

Answer:

You will have worked five hours overtime

Explanation:

In standard work hours in most companies/organizations, the work hours weekly is usually 40 hours.

So if on works for 45 hours in the same pay period, it means such a person has worked 5 additional hours which is overtime.

Thus, option C is correct.

marc, a single taxpayer, earns $63,000 in taxable income and $5,300 in interest from an investment in city of birmingham bonds. using the u.s. tax rate schedule for 2022, what is his average tax rate? (use tax rate schedule.) note: round your final answer to two decimal places.

Answers

Marc's average tax rate is 12.56%.

To determine Marc's average tax rate, we first need to determine his marginal tax rate for his taxable income. Using the U.S. tax rate schedule for 2022, we can calculate his tax liability as follows:

Taxable income: $63,000

Standard deduction: $12,950

Taxable income after deduction: $50,050

Using the tax rate schedule, the first $9,950 is taxed at 10%, the next $30,575 is taxed at 12%, and the remaining $9,525 is taxed at 22%. Therefore, Marc's tax liability on his taxable income is:

$995 (10% of $9,950)

$3,669 (12% of $30,575)

$2,095 (22% of $9,525)

Total tax liability: $6,759

Next, we need to calculate Marc's tax liability on his interest income from the city of Birmingham bonds. This interest income is taxable at the federal level but not at the state or local levels. Using Marc's marginal tax rate of 22%, his tax liability on the $5,300 in interest income is:

$1,166 (22% of $5,300)

Finally, we can calculate Marc's total tax liability as:

Tax liability on taxable income: $6,759

Tax liability on interest income: $1,166

Total tax liability: $7,925

Therefore, Marc's average tax rate is:

Average tax rate = Total tax liability / Taxable income

Average tax rate = $7,925 / $63,000

Average tax rate = 0.1256 or 12.56%

Therefore, Marc's average tax rate is 12.56%.

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If my revenue is one million and my expenses are 1,386,000, what's my profit in percentage

Answers

The profit in percentage given the revenue and the expenses is -38.60%

What is the profit in percentage?

Percentage is the fraction of a number expressed as a value out of 100. The sign that is used to represent percentage is %. In order to convert a number to percentage, multiply by 100.

Profit is the difference between revenue and expenses. Revenue is the total income earned by a company before any deductions are made. Expenses include all the cost incurred in running a business.

Profit = revenue - expenses

1,000,000 - 1,386,000 = -386,000

Profit in percentage = (profit / revenue) x 100

(-386,000 / 1,000,000) x 100 = -38.6%

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When a plant asset is acquired by issuance of common stock, the cost of the plant asset is properly measured by the book value of the stock. market price of the stock. stated value of the stock. par value of the stock.

Answers

When a plant asset is acquired by issuance of common stock, the cost of the plant asset is properly measured by market price of the stock.

What is common stock?

Common stock is a type of stock, issued to those who have majority of shares in a company.

The reason is that the total cost of the plant is divided by the stated value of the stock, and then the resultant number of common stock.

Hence, when a plant asset is acquired by issuance of common stock, the cost of the plant asset is properly measured by stated market price of the stock.

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A video game system is on sale for 25% off its original price. If the original price is $200, how much money will be saved?​

Answers

Answer:

$50

Explanation:

25% = 1/4

200 / 4 = 50

50*3=150, which is 25% off.

Why doesn't the Lorax do anything to stop the Once-ler (hint: he's a symbol)? What does this tell us
about the future of business decisions?

Answers

Answer:

The Lorax is a symbol of environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. This tells us that if we do not take steps to balance economic growth and environmental sustainability, it could lead to long-term negative consequences for the environment and future business decisions.

Explanation:

The Lorax is a children's book by Dr. Seuss that explores the environmental impact of economic growth and consumerism. In the story, the Once-ler begins cutting down Truffula trees to make a product called Thneeds, despite the warnings of the Lorax, who speaks for the trees and the animals that depend on them.

The Lorax represents environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. The Once-ler's actions are driven by his desire for profit, and he continues to cut down trees despite the negative impact it has on the environment. The Lorax, as a symbol of environmental awareness, is unable to stop the Once-ler from destroying the ecosystem, which ultimately leads to the disappearance of the Truffula trees and the animals that depend on them.

This lack of balance between economic growth and environmental sustainability is a lesson that has implications for future business decisions. If businesses prioritize profit over environmental sustainability, it could lead to long-term negative consequences for the environment, which could ultimately harm the economic viability of those businesses. It is important for businesses to consider the environmental impact of their decisions and take steps to balance economic growth and sustainability for the long-term health of the environment and economy.

During 2021, Largent Enterprises purchased bonds as follows:

May 17, Purchased 100 Nugent bonds for $800 per bond.
July 12, Purchased 40 Alfredo bonds at $600 per bond, plus a $600 brokerage commission.

Largent accounts for these investments as securities available-for-sale. At December 31, 2021, the market values of the securities were as follows:

Security

Market Value per Bond

Nugent

$

720


Alfredo

$

640



Required:
1. Prepare the journal entries to record the acquisition of the two investments.
2. Prepare any necessary adjusting entries assuming the bonds are both classified as available-for-sale securities.

Answers

Journal entries to record the acquisition of the two investments: May 17, Purchased 100 Nugent bonds for $800 per bond: Purchase of Nugent bonds Account Title Debit Credit Investments 80000Cash80000July 12, Purchased 40 Alfredo bonds at $600 per bond, plus a $600 brokerage commission Purchase of Alfredo bonds.

Account Title Debit Credit Investments 24000Cash24000 Brokerage commission 600Cash6002. Adjusting entries assuming the bonds are both classified as available-for-sale securities. According to the accounting principles, if any investment is held by an organization as an available-for-sale security, it is mandatory to adjust the entries every accounting period based on the current market value.

Therefore, the following adjusting entries are prepared: Adjusting entry for Nugent bonds: Account Title Debit Credit Unrealized holding gain or loss 8000Investments 8000Adjusting entry for Alfredo bonds: Account Title Debit Credit Unrealized holding gain or loss 640 Investments 640Note that the unrealized holding gain or loss is the difference between the cost of investment and the current market value of the investment.

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How's everyone's day? explain please

Answers

Answer:

You're asking how the people in a particular place or environment you are in on how their life was that day whether it was fun exciting sad or gloomy etc.

Answer:

I'm doing fin-e, just s-ad because I ca-n't get the New Toon Meo-wscles sk-in from fort-nite because my P-s4 br-oke and Now I ca-n't get the bundle which is at a good price. I wish I could get it.

Explanation:


Amit and Anil are partners sharing profits and losses in the ratio of 2: 1. Their Balance Sheet
31st March, 2023 was as follows:

Answers

Note that the financial account for Amit and Anil are evaluated below as follows.

What is the evaluation of Amit and Anil's account?

Revaluation Account

Particulars Amount (₹) Particulars Amount (₹)

To Stock A/c 4,000 By Building A/c 15,000

To Provision for Doubtful Debts A/c 3,000 By Machinery A/c 20,000

To Machinery A/c 20,000 By Amit’s Capital A/c 7,000

To Building A/c 15,000 By Anil’s Capital A/c 4,000

By Ankit’s Capital A/c 1,500

By Profit and Loss Adjustment A/c 27,000

Total 42,000 Total 42,000

Note: Stock is found overvalued by ₹4,000, so it is credited to the Revaluation Account. Provision for Doubtful Debts is created at 5% of debtors, which amounts to ₹3,000, and it is also debited to the Revaluation Account. Machinery is appreciated by ₹20,000, and building is appreciated by 10% of its original value, i.e., ₹15,000. These are debited to the Revaluation Account. The total debit in the Revaluation Account is ₹42,000.

Partners’ Capital Accounts

Amit’s Capital Account

Particulars Amount (₹) Particulars Amount (₹)

By Balance b/d 3,30,000 By Revaluation A/c 7,000

By Revaluation A/c 7,000 By Anil’s Capital A/c 6,000

By Anil’s Capital A/c 6,000 By Ankit’s Capital A/c 6,000

By Ankit’s Capital A/c 6,000 By Profit and Loss Adjustment A/c 12,000

By Profit and Loss Adjustment A/c 12,000 By Balance c/d 3,60,000

Total 3,51,000 Total 3,51,000

Anil’s Capital Account

Particulars Amount (₹) Particulars Amount (₹)

By Balance b/d 1,50,000 By Revaluation A/c 4,000

By Revaluation A/c 4,000 By Amit’s Capital A/c 6,000

By Amit’s Capital A/c 6,000 By Ankit’s Capital A/c 3,000

By Ankit’s Capital A/c 3,000 By Profit and Loss Adjustment A/c 6,000

By Profit and Loss Adjustment A/c 6,000 By Balance c/d 1,67,000

Total 1,62,000 Total 1,62,000

Ankit’s Capital Account

Particulars Amount (₹) Particulars Amount (₹)

By Cash A/c 1,00,000 By Goodwill A/c 60,000

By Goodwill A/c 60,000 By Revaluation A/c 1,500

By Revaluation A/c 6,000 By Amit’s Capital A/c 6,000

By Profit and Loss Adjustment A/c 3,000 By Anil’s Capital A/c 3,000

By Balance c/d 1,03,500

Total 1,69,000 Total 1,69,000

Note: Ankit brings in ₹1,00,000 as his capital and ₹60,000 as his share of goodwill for 1/4th share in profits. Goodwill is credited to Ankit’s Capital Account. The total credit in Ankit

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Preparation of Revaluation 55. Amit and Anil are partners sharing profits and losses in the ratio of 2: 1. Their Balance Sheet as on 31st March, 2023 was as follows: Liabilities Sundry Creditors General Reserve Capital A/cs: Amit Anil 1,80,000 1,50,000 ₹ 58,000 12,000 3,30,000 4,00,000 Assets Cash in Hand Cash at Bank Sundry Debtors Stock Machinery Building { 5,000 45,000 60,000 40,000 1,00,000 1,50,000 4,00,000 Ankit is admitted as a partner on the date of the Balance Sheet on the following terms: (a) Ankit will bring in 1,00,000 as his capital and 60,000 as his share of goodwill for 1/4th share in profits. (b) Machinery is to be appreciated to 1,20,000 and the value of building is to be appreciated by 10% (c) Stock is found overvalued by ₹ 4,000. (d) General Reserve will continue to appear in the books of the reconstituted firm at its original value (e) A Provision for Doubtful Debts is to be created at 5% of debtors. (f) Creditors were unrecorded to the extent of ₹ 1,000. Prepare Revaluation Account and Partners' Capital Accounts. [Ans.: Gain (Profit) on Revaluation Account-27,000; Partners' Capital Accounts Amit- 2,40,000; Anil- 1,80,000; Ankit-1,00,000 Kailash ₹ ar ₹ Pa 58. F 3 Liabil Capit A B Sund

Which kind of map would be most helpful to use when studying watersheds?a road mapa political mapa topographic map

Answers

Answer:

Topographic map

Explanation:

Topographic maps show the arrangement of the physical features of an area of the Earth; Such as mountains, valleys, plains, and bodies of water ( above sea level).

What is the marginal revenue and marginal cost for this diagram?

What type of market is this? Explain your answer

What is the marginal revenue and marginal cost for this diagram?What type of market is this? Explain

Answers

Marginal revenue :

2060120200300420560

Marginal cost :

108210192640

It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.

Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.

Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.

Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.

For more about Marginal revenue refer to the link:https://brainly.com/question/12231343

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