Answer:
production cost; opportunity cost
Explanation:
Answer: Please see answer in explanation column
Explanation:
a)Account titles and explanation Debit Credit
Warranty Expense $30,000
Warranty Payable $30,000
Calculation :
2 % x $1,500,000 =$30,000
b) Account titles and explanation Debit Credit
Warranty Provision $445
Materials $325
Salaries Payable $120
Answer: The correct answers are "D) Company code", "B) Purchasing organization", and "C) Purchasing group".
Explanation: When creating a purchase request, it is not necessary at any time the organization of sales, since in this case it is a purchase therefore it is necessary:
B) Purchasing organization
.
C) Purchasing group
.
D) Company code.
Answer:
$336.88
Explanation:
Interest adjustment refers to a one time interest payment that must be paid by the buyer for the accrued interest between the day when the sale was closed and the end of the month. In this case, we are told to use a 360 day year, that means that all months will have 30 days. Therefore, the number of days of July will be 14, not 15.
total interest for 14 days = $157,500 x 5.5% x 14/360 = $336.875 = $336.88
