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ANEK [815]
2 years ago
13

Widgets, Inc. makes a $300 on Widhets, Inc. makes a $300 account sale to Custom Motors. How is the sale recorded in the Accounts

Receivable subsidiary ledger?
A. It is recorded upon payment
B. as $300 payment
C. as $300 credit
D. as $300 debit
Business
1 answer:
expeople1 [14]2 years ago
4 0
B bc if the food DLC do gas so gc coo be fb bl
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demand and marginal revenue curves are downward-sloping for monopolistically competitive firms because
Brrunno [24]

Demand and marginal revenue curves are downward-sloping for monopolistically competition firms because: a. product differentiation allows each firm some degree of monopoly power.

<h3>What is product differentiation?</h3>

Product differentiation  can be defined as what makes a product to different from another product which is why some producer tend to include a unique features in their so as to make their product distinct from that of others.

A monopolistic competitive firms can tend to  face a downward - sloping demand curve based on the fact that it help to differentiate their product from that of others competitors.

Therefore the correct option is A.

Learn more about Product differentiation here: brainly.com/question/8107956

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The complete question is:

Demand and marginal revenue curves are downward-sloping for monopolistically competition firms because...

a)product differentiation allows each firm some degree of monopoly power

b)there are a few large firms in the industry and they each act as a monopolist

c)mutual interdependence among all firms in the industry leads to collusion

d)each firm has to take the market price as given

6 0
1 year ago
When researching your perspective business, it’s most important that you know your product and your
professor190 [17]

When researching your prospective business you should focus on your product and target customers.

6 0
3 years ago
Action learning uses challenging, structured outdoor activities, which include difficult sports.A. TrueB. false
mixas84 [53]

Answer: The answer is True.

Explanation: Action learning uses challenging, structured outdoor activities, which may include difficult sports such as dog-sledding or mountain climbing. ... Employees are most likely to learn when the training is linked to their current job experiences and tasks.

6 0
3 years ago
Four hundred and eighty minutes of production time are available per day. The schedule calls for the production of 80 units per
BabaBlast [244]

Answer:

<em>The theoretical minimum number of workstations are five workstations</em>

Explanation:

Given the total time available per day = 480 minutes

the cycle time which is the time required or spent to produce a unit can be obtained as;

Cycle time = Total time / Demand per day

Cycle time = 480 / 80 = 6 minutes

hence 6 minutes is the cycle time  for one unit.

The theoretical number of stations can be calculated thus;

Theoretical number of stations = Time for one unit / Cycle time

= 30/6 = 5 workstations

<em>Therefore the theoretical minimum number of workstations are five workstations</em>

4 0
3 years ago
Ivanhoe Windows manufactures and sells custom storm windows for three-season porches. Ivanhoe also provides installation service
Anna71 [15]

Answer:

Ivanhoe Windows

a. Journal Entries:

September 1, 2020:

Debit Cash $1,920

Credit Sales Revenue $1,920

To record the sale of windows to Geraths.

Debit Cost of goods sold $1,120

Credit Inventory $1,120

To record the cost of goods sold.

October 15, 2020:

Debit Cash $450

Credit Installation Revenue $450

To record the completion of installation service.

b. Journal Entries:

September 1, 2020:

Debit Cash $1,920

Credit Sales Revenue $1,896

Credit Unearned Revenue $24

To record the sale of windows to Geraths.

Debit Cost of goods sold $1,120

Credit Inventory $1,120

To record the cost of goods sold.

October 15, 2020:

Debit Cash $450

Debit Unearned Revenue $24

Credit Installation Revenue $474

To record the completion of installation service.

c. If Geraths is unable to develop a reliable estimate for the fair value of the installation:

Journal Entries:

September 1, 2020:

Debit Cash $1,920

Credit Sales Revenue $1,920

To record the sale of windows to Geraths.

Debit Cost of goods sold $1,120

Credit Inventory $1,120

To record the cost of goods sold.

October 15, 2020:

Debit Cash $450

Credit Sales Revenue $450

To record the completion of installation.

Explanation:

a) Data and Calculations:

July 1, 2020, Contract Price = $2,370

Standalone selling price of window = $1,920

Cost of the window = $1,120

Standalone selling price of installation service = $590

Attributed selling price of installation service = $450 ($590 = $140)

b) Estimated standalone value of the installation = estimated cost + 20% on cost

= $400 + 20%  = $480 ($400 * 1.2)

Separate performance values:

Sale of window = $1,920   = $1,896 ($1,920/$2,400 * $2,370)

Installation =             480   =      474 ($480/$2,400 * $2,370)

Total =                 $2,400  = $2,370

c. If Ivanhoe Windows is unable to develop a reliable estimate for the fair value of the installation, both payments received will be attributed to the Sales Revenue without identifying separate performance values.

6 0
2 years ago
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