Answer:
a. $4,830
b. $2,310
Explanation:
The computation is shown below:
a. The cost of goods sold as on Oct 24 is
Units sold from Oct 1 Inventory is 40 (200 units - 160 units)
And, From Oct. 15 Purchase is 110 (150 units - 40 units)
Now
Cost of goods sold on October 24 is $4,830 (40 × 30) + (110 × 33)
b. The inventory as on Oct 31 is
= (180 - 110) × $33
= $2,310
Conducting customer satisfaction surveys, implementing service standards, prompt follow up and resolution of complaints, human resource management, developing a corporate culture with a goal of providing customer based services
The total market value of around 98 to 99% of publicly traded stock in the U.S. is shown on the Dow Jones Wilshire 5000 Index.
<h3>What is the Dow Jones Wilshire 5000 Index?</h3>
It is a market weighted index that shows almost all the total market value of all the public stock traded in the United States.
Even though it claims to show the entire value of public stock in the U.S., it only shows about 98 to 99% of the stock.
In conclusion, the answer is Dow Jones Wilshire 5000 Index.
Find out more on publically traded stock at brainly.com/question/14227507.
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Answer:
$26,600
Explanation:
Bad debts expense based on a percentage of credit sales requires an adjusting entry equal to the percentage of credit sales; no consideration is given to the ending balance of the allowance account when computing the adjustment.
The adjusting entry will include a credit to the Allowance for Doubtful Accounts account for $26,000 (or $650,000 x .04).
Note, however, that this question asks for the ending balance in the allowance account.
Since there is a $600 credit balance prior to adjustment, the balance in the allowance account after adjustment will be $26,600
(the credit balance of $600 + a credit of $26,000 will yield an ending credit balance of $26,600).