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1 year ago

When a company exports a product from the us to another country, the company is most likely?

1 answer:

5 0

When a company exports products from the United States to other countries, the company likely cannot determine the final price of the product, and the state does not require an export license. Therefore, very few of all US export transactions require a US government license.

This category includes aerospace products and parts, automobiles, railroad equipment, ships and boats. The second largest export item was computer products, including semiconductors used in the manufacture of smartphones, navigation equipment, and audio and video equipment.

Boeing is the engine of the global economy. It is the largest US exporter and second largest contractor to the US Department of Defense. In 2018, he surpassed $100 billion in revenue, his highest ever.

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On December 1, 2021, the company received $9,000 in cash from another company that is renting office space in Falwell’s building

MrMuchimi

Answer:

From all indications,the two rents received have been posted wrongly, I want to believe that you are required to post the adjusting entries,hence my answer below:

The first $9000 was posted to deferred revenue,whereas only two months should have been

First rent:

DR Deferred revenue $3000

CR Revenue $3000

Second Rent

DR Revenue $6000

CR Deferred revenue $6000

Explanation:

The first $9000 was posted to deferred revenue,whereas only two months should have been deferred and December rent recognized as rent.

As far as the second rent is concerned only one month has been earned,as a result the revenue should be credited with just $3000 for December.

This then mean that revenue from the second property has been overstated in December by $6000,this necessitated by adjustment above.

8 0

3 years ago

Winchell wrote a contract that involves two separate performance obligations. Winchell cannot estimate the stand-alone selling p

Semenov [28]

Given :

Stand alone price of product B = $100

Price of the combined product = $120

To Find :

Stand alone price of product A

Solution :

Now,

Stand alone price of Product A = 120 - 100 = $20

The allocation ration for the product A and B =

Stand alone price of product A

Stand alone price of product B

20 = 1:5

100

Allocated to the performance obligation for delivering product A =

$120 x 1

1+6

$17.1

So the answer is $ 17.1

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5 0

2 years ago

William wants to have a total of $8000 in two years so that he can put a hot tub on his deck. He finds an account that pays 5% i

aev [14]

He needs to put 7600

6 0

3 years ago

Which of the following events are examples of positive social media coverage?

swat32

- xcorporation announces the launch of its latest headphones on social media websites
-a video featuring xcorporation talking about its new headphones goes viral

7 0

3 years ago

Manufacturing overhead was applied to production at 60 percent of the direct labor cost of $10,000. The entry under perpetual in

tamaranim1 [39]

Answer:

Dr Work in Process Inventory for $6,000

Cr Manufacturing $6,000

Explanation:

Preparation of The journal entry under perpetual inventory procedure

Based on the information given if the Manufacturing overhead was applied to production at 60% of the direct labor cost of the amount of $10,000 which means that The journal entry under perpetual inventory procedure is :

Dr. Work in Process Inventory for $6,000

Cr Manufacturing $6,000

(60%*$10,000)

4 0

3 years ago