Answer:
Wilma's Widgets will report $3,880,749.00 as earnings before interest and taxes (i.e., operating profit) in 2010
Explanation:
Earnings before interest and tax= net sales-cost of goods sold-operating expenses-depreciation
net sales is $20,882,696
cost of goods sold is $13,765,751
operating expenses are $2,014,441
depreciation is $1,221,755
earnings before interest and tax=$20,882,696- $13,765,751- $2,014,441-$1,221,755=$3,880,749.00
Answer: The price of peanuts realitve to that of raisins must be 2.
Explanation: Mathematically, relative prices are defined as:
Relative price of Good A with respect to Good B = Price of A / Price of B
So: Relative price of peanuts respect to raisins = Price of peanuts / Price of raisins
...
<u>Relative price of peanuts respect to raisins = 4 / 2 = 2.</u>
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Answer:
Debit Cash account (with the amount received)
Credit Accounts receivables (with the amount received)
Explanation:
Revenue is not recorded until the recognition criteria for the recognition of revenue has been met and this includes;
- the corresponding cost incurred in generating revenue can be reliably measured
- the goods or service has been delivered
Given that the service was performed in May, when half of the fee was received in April, the required entries then was
Debit Cash account
Credit Unearned revenue (with the amount received being half payment)
when the service was performed in May,revenue was earned
Debit Unearned revenue (with the amount received being half payment)
Debit Accounts receivable (with the amount yet to be received being half payment)
Credit Revenue (with the amount agreed for the service)
In June when the final payment is received,
Debit Cash account (with the amount received)
Credit Accounts receivables (with the amount received)
Answer:
Structural
Explanation:
Due to supporting process and deeply infrastructure technology ERPs (Enterprise Resource Planning) are pillars that support all ongoing core and management process by providing all resources, information, energy and everything that is needed to produce value (products, services and projects) as part of the principal goal of any company.
<span>This requires that the most significant or important statements be placed first, so as to make sure that the audience receives it before anything else. By doing this, the primacy effect will be experienced: the first information the listener or reader perceives will be what is remembered most. This means that the positive information will be remembered, and anything in the middle of the notice will likely be forgotten.</span>
