Answer:
Harley-Davidson has become a cult
Explanation:
A cult is a self-identified group of people that share a passion or an interest. When a brand becomes a cult brand, it has achieved the highest level of emotional connection to its consumers.
Answer: $750,000
Explanation:
Net Income
Sales Revenue 2,000,000
Interest/ Dividend Revenue <u> 50,000</u>
2,050,000
Cost of Goods sold (1,000,000)
Selling and Admin expenses (200,000)
Loss on Discontinued <u> (100,000)</u>
Net Income $750,000
Answer:
$10,800 underapplied
Explanation:
Calculation for If overhead is applied based on machine hours, the overapplied/underapplied overhead is:
Overhead machine hours=[($1,044,000/24,000)×23,600]-1,037,400
Overhead machine hours=($43.50 x 23,600) - 1,037,400
Overhead machine hours=$1,026,600- 1,037,400
Overhead machine hours= $10,800 underapplied
Therefore If overhead is applied based on machine hours, the overapplied/underapplied overhead is:$10,800 underapplied
Answer:
-$15.347
Explanation:
Calculation for What is this bank's net noninterest income
Using this formula
Net noninterest income=Total noninterest income+(Total noninterest expenses+Loan losses)
Let plug in the formula
Net noninterest income=$10.077-($23.858+$1.566,)
Net noninterest income=$10.077-$25.424
Net noninterest income=-$15.347
Therefore the bank's net noninterest income will be -$15.347
Answer:
The entry posting will be:
Dr Sales returns $40,000
Cr Trade Receivables $40,000
Explanation:
The reason is that when the products that Andrian Corporation delivered, the company recorded:
Dr Trade Receivables $100,000
Cr Sales $100,000
So the entry when the goods were returned must record decrease in the sales and trade receivable amount because the $40,000 worth of sales is not actually made and now after returning the goods worth of $40,000, the customer actually owes the company $60,0000. So the trade receivable must be reduced by $40,000 and sales return must be recorded with the same amount and a debit entry.
The entry will be:
Dr Sales returns $40,000
Cr Trade Receivables $40,000