Answer: <em>Please refer to explanation. </em>
Explanation:
Since it is an Available for Sale debt, we journalize it as follows
2018
Dec. 31
DR Unrealized holding loss on AFS 600
CR .Fair value adjustment - AFSI 600
(To record available-for-sale investments at fair value)
Calculation,
= Cost Price - Market Price
=($3000 - $2400)
= $600
<em>If you need any clarification do comment or react.</em>
The manufacturing overhead budget by quarters and in total for the year is as follows:
<u>Explanation:</u>
Particulars Q1 Q2 Q3 Q4 Total
Variable costs 20950 25180 29410 33640 109180
Fixed costs 35800 35800 35800 35800 143200
Total 56750 60980 65210 69440 252380
manufacturing costs
Note ; the total manufacturing costs is the sum total of the variable costs and the fixed costs that haveen assigned and allocated to each of the quarter respectively and in totality.
Note 2. in the variable cost , each quarter cost has been increased with an amount of $4230 as mentioned in the question and the fixed cost remains the same in each quarter as given in the question.
Answer: Non- price promotion
Explanation: In a non- price promotion, the company offering the product in the market focus on enhancing the quality of product by better service or design etc. rather than lowering the prices of the product.
The objective under this strategy is to capture the market and make a strong customer base.
Thus, we can conclude that the right answer is non price competition.
Answer:
Cost principle
Explanation:
Cost principle -
It refers to the amount of the specific object to be recorded during the time of acquiring , is referred to as cost principle .
Cost principle is also called historical cost principle.
During the acquisition , the amount recorded need to be correct , any alteration in the amount leads to the violation of the cost principle.
Similar situation is showcased in the question,
Hence , from the given options the correct option is cost principle.
Answer:
Transaction b and c
Explanation:
Revenue is the term of accounting which is defined as the income or money which is generated from the operations of the normal business and it involve the deductions for the returned merchandise and discounts.
It is created when the business offer some service to the clients and in return the money for the services provided by the company.
So, the transaction which generate the revenue are:
The company offered the service to customer and against it received the cash which amounts to $875.
The company offered the services to the customer on credit worth $2,300.
Therefore, these two transactions are the one which generate the revenue to the company.
