Morgan company's budgeted income statement reflects the following amounts: sales purchases expenses january $ 112,000 $ 70,000 $ 23,200 february 102,000 58,000 23,400 march 117,000 73,250 26,200 april 122,000 76,500 27,800 sales are collected 50% in the month of sale, 30% in the month following sale, and 19% in the second month following sale. one percent of sales is uncollectible and expensed at the end of the year. morgan pays for all purchases in the month following purchase and takes advantage of a 3% discount. the following balances are as of january 1: cash $ 80,000 accounts receivable* 50,000 accounts payable 64,000 *of this balance, $30,000 will be collected in january and the remaining amount will be collected in february. the monthly expense figures include $4,200 of depreciation. the expenses are paid in the month incurred. morgan’s budgeted cash receipts in february are:

Write two goals for yourself that will aid you in pursuing your post-secondary education or training. with this

The price of trade suppose that portugal and sweden both produce rye and wine. portugal's opportunity cost of producing a bottle of wine is 4 bushels of rye while sweden's opportunity cost of producing a bottle of wine is 10 bushels of rye. by comparing the opportunity cost of producing wine in the two countries, you can tell thatportugal/sweden has a comparative advantage in the production of wine. andportugal/sweden has a comparative advantage in the production of rye. suppose that portugal and sweden consider trading wine and rye with each other. portugal can gain from specialization and trade as long as it receives more rye for each bottle of wine it exports to sweden. similarly, sweden can gain from trade as long as it receives more bottles of wine for each bushel of rye it exports to portugal. based on your answer to the last question, which of the following prices of trade (that is, price of wine in terms of rye) would allow both sweden and portugal to gain from trade? a. 1 bushels of rye per bottle of wineb. 8 bushels of rye per bottle of winec. 9 bushels of rye per bottle of wined. 3 bushels of rye per bottle of wine

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.