Customers and Receiv- ables
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
Sales tax rate 7% on account to Trailor Stores, $3,248.00, plus sales tax S321 1 3 Sold merchandise Received cash on account from Jenkins & Sanders LLP, covering S312 for $945.00. R348. 5 Recorded cash and credit card sales, $1,485.00, plus sales tax, $92.14; total, $1,577.14. TS6. Received cash on account from Luxury Suites, $4,219.00, covering 5320, less a 2% discount. R349. 10 Sold merchandise on account to Southwestern University, $1,435.00. Southwestern University is exempt from sales tax. S322. 12. Received cash on account from Daniel Smith Promotions, $1,471.00 covering 5345. R350. 16. Recorded cash and credit card sales, $1,020.50, plus sales tax, $64.59, total, $1,085.09. TS7. 20 prove, and rule the sales journal. Pas the sales journal to the general ledger. Tal and prove the cash receipts journal. Pove cash. On March 31, the balance on the next unused check stub was $11,582.54. Rule the cash receipts journal. 1. Post the cash receipts journal to the general ledger. Prepare a
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