Answer:
The $2,700 is the amount which recognized as net accounts receivable on the balance sheet as of November 30
Explanation:
The computation of net accounts receivable is shown below:
= Selling price of softball equipment - defective merchandise amount
= $3,000 - $300
= $2,700
The $1,800 is not considered in the computation part because the Wilton company received an order from Douglas high school which is irrelevant for Paola middle school. Neither the discount terms are considered because the company did not receive the amount.
Answer:
reference groups
Explanation:
Reference groups are considered a social influence in consumer purchasing. They are often groups that consumers will look to to make purchasing decisions. So if a reference group endorses a product, either through use or statements about the product, those that look to the group will often purchase that product.
Answer:
d. Credit to lease receivable of $35,259
Explanation:
Date General Journal Debit Credit
Cash $45,000
Lease receivable $35,259
($45000 - $9741)
Interest expense $9,741
[($239826-$45000)*5%]
https://www.goodyear.com/
https://corporate.goodyear.com/
-Corporate offers a LICENSE PRODUCTS APPLICATION page
-Corporate includes sponsorship information
-Non corp is simplified, less busy website layout
-
Answer:
a) Predetermine overhead rate = 1710000/95000 = 18 per machine hour
Applied overhead = 18*75000 = 1350000
Under applied overhead = 1687500-1350000 = 337500
b) Cost of godos sold allocated amount of under applied overhead if fully allocated on cost of goods sold = 337500
Cost of goods sold allocated amount of under applied overhead if allocated on appropriate accounts = 337500*759375/1350000 = 189843.75
Difference in net income = 337500-189843.75 = 147656.25
