What is the slogan for Depends adult diapers

A cost which remains constant per unit at various levels of activity is a:

dlinn [17]

Variable cost remains constant per unit at various levels of activity

3 0

4 years ago

Harwell Company manufactures automobile tires. On July 15, 2021, the company sold 2,100 tires to the Nixon Car Company for $90 e

Elenna [48]

Answer:

Harwell Company

1. Journal entries:

July 15:

Debit Accounts Receivable (Nixon Car Company) $183,330

Credit Sales Revenue $183,330

To record the sale of goods on account, terms 3/10, n/30.

July 23, 2021:

Debit Cash Account $183,330

Credit Accounts Receivable (Nixon Car Company) $183,330

To record receipt of cash from Nixon Car Company.

2. July 15:

Debit Accounts Receivable (Nixon Car Company) $183,330

Credit Sales Revenue $183,330

To record the sale of goods on account, terms 3/10, n/30.

August 15, 2021:

Debit Accounts Receivable (Nixon Car Company) $5,670

Credit Sales Revenue $5,670

To reverse the cash discounts lost due to late payment.

Debit Cash Account $189,000

Credit Accounts Receivable (Nixon Car Company) $189,000

To record receipt of cash from Nixon Car Company.

Explanation:

a) Data and Calculations:

July 15, 2021 Sales of tires to Nixon Car Company = 2,100 at $90 each

Sales revenue = $189,000

Terms = 3/10, n/30

Method = net method for cash discounts

Cash discounts = $5,670 ($189,000 * 3%)

Net sales revenue = $183,330 ($189,000 - $5,670)

b) When payment was delayed over 10 days by Nixon Car Company, it lost the cash discounts of 3%, equivalent to $5,670. This implies that it will pay the full amount of $189,000. The Accounts Receivable will, therefore, be debited to include the unreceived cash discounts of $5,670, while the Sales Revenue will be increased by $5,670.

6 0

3 years ago

Using the image above, which section of the letter is the opening?

Aliun [14]

Answer:

I would say 2 but given the options (A. 3)

Explanation:

6 0

3 years ago

Cullen and MacNeil’s is a well-known store that sells writing material. The company faces strong competition from the electronic

statuscvo [17]

Answer: <em>Option (D). Marketing Myopia</em>

Explanation:

From the given case/scenario, we can state that Cullen and MacNeil’s corporation tends to suffer from Marketing Myopia. Marketing Myopia tends to suggest that the businesses and organization will do much better at the end only if they tend to concentrate on meeting their customers and consumers needs instead of concentrating on just selling the products and services.

5 0

4 years ago

Rider Company is in the process of preparing it closing entries. It first closes its revenue accounts by crediting the Income Su

Ksivusya [100]

Answer:

B. Debit Income summary Debit $ 23,000

Retained Earnings Credit $ 23,000

Explanation:

The closing entries are recorded to close the current year's income statement to the retained earnings account,

According to the data in the question, the revenue is closed to the credit of the income Summary of $ 68,000 and the expenses are closed to the debit of the Income Summary of $ 45,000. This leaves a credit balance of $ 23,000 in the income summary account which is closed by debiting the income summary account and crediting the retained earnings account.

Since the revenue exceeded the expenses, the result ia a profir which should increase the retained earnings account, which would be the case by a credit to the retained earnings account.

7 0

3 years ago