This is called a "Sponsorship"
Answer:
The $2,700 is the amount which recognized as net accounts receivable on the balance sheet as of November 30
Explanation:
The computation of net accounts receivable is shown below:
= Selling price of softball equipment - defective merchandise amount
= $3,000 - $300
= $2,700
The $1,800 is not considered in the computation part because the Wilton company received an order from Douglas high school which is irrelevant for Paola middle school. Neither the discount terms are considered because the company did not receive the amount.
Answer:
Explanation:
Quality control can be defined as a process by which a manufacturer or producer maintains the standard or quality of it's product.
This is to ensure that quality of the product is maintained over time and also gives room for improvement.
The need for controlling quality of goods and services:
1. It is to ensure the quality of the product does not depreciate over time.
2. To ensure little or not error is made during production process.
3. Quality control is done to ensure a great customer satisfaction.
4. It also helps to increase consumers confidence in a product.
5. Quality control gives room for improvement on the quality of a product.
Answer: sponsorship
Explanation:
Sponsorship simply refers to a situation whereby a company or an organization puts money into a particular event so that the products or brand of the said company can be promoted.
Based on the scenario in the question, this type of arrangement is very similar to what your text describes as sponsorship. Since the company pays for its brand to be displayed, it is sponsorship.
Answer:
Unit Materials cost $6.15
Explanation:
Beginning 0
Started 82,000
Ending (18,100)
Complete and transferred out 63,900
To get equivalent untis we add the transferred out with the equivalent units of Ending inventory
CC 63,900 + 18,100 x 50% = 72,950
<u>Materials 63,900 + 18,100 x 100% = 82,000</u>
Unit material cost:
504,300/82,000 = 6.15
+Ending materials 18,100
