Answer:
a. Open innovation.
Explanation:
Since Butterfly Technologies source the technology from an external party and it is not a radical innovation (meaning it does not affect the core benefit brought by Butterfly Technologies' product), it is an open innovation.
External knowledge and know-how are used to improve the battery life and speed of their devices.
Explanation:
The journal entry is shown below:
Finished goods inventory A/c Dr $432,000
To Goods in process inventory A/c $432,000
(Being the goods transferred from production to finished goods is recorded)
For recording this given transaction, we debited the finished goods inventory account and credited the goods in process inventory account.
<span>Question number q 5.8: a company has a policy to sell goods on account with terms of 2/10, n/30. if a customer purchased $100 of merchandise from this company for cash instead of on account, the customer would pay</span>
Answer:
Role of Money in Each Part of the Story:
1. Tim can easily determine that the price of the computer is more than the price of the vacation = Unit of Account
2. Tim has $1,537 in his checking account = Store of value
3. Tim writes a check for $1,299= Medium of Exchange
Explanation:
Money is countable and can be used to value exchanges and calculate profits and losses, income and expenses, and debts and wealth. It can also be stored currently, retrieved at a later date, and exchanged for value in the future without significant loss of value. Money facilitates transactions between parties.
Answer:
The December 31st balance in Allowance for Doubtful Accounts, after the AJE is $69,600
Explanation:
Allowance for doubtful debts is a provision created by the entity for those Accounts Receivables for which settlement may never be received.
Juan, Inc. estimates bad debt expense as 2% of Accounts Receivable for the year
Therefore Provision for allowance for doubtful debts is $3,480,000 × 2% = $69600