Answer:
promotional budget is set as a percentage of current or anticipated sales
Typical percent of sales is 2%-5%
Explanation:
<h3>so I would have to say arbitrary budgeting </h3>
Answer:
$17,400
Explanation:
Given that,
Purchased cash registers on April 1 = $18,000
Estimated useful life of asset = 5 years
Using straight line depreciation method,
Depreciation:
= (Original cost - Salvage cost) ÷ Estimated useful life
= ($18,000 - $0) ÷ 5
= $3,600 per year
Two months depreciation:
= Depreciation per year × (2 ÷ 12)
= $3,600 × (1 ÷ 6)
= $600
Book value of the cash registers on May 31:
= Original cost - Two months depreciation
= $18,000 - $600
= $17,400
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $4,100
Equipment A/c Dr $23,000
Furniture A/c Dr $47,000
To Account payable $16,000
To Rodriguez's Capital $58,100
(Being all adjustments are recorded and the remaining balance is credited to Rodriguez's Capital.
Remaining balance is calculated by
= Cash A/c + Equipment A/c + Furniture A/c - Accounts payable
= $4,100 + $23,000 + $47,000 - $16,000
= $74,100 - $16,000
= $58,100
Answer:
he actually died
Explanation:
he died of an accidental drug overdose which caused him to have a seizure.
