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muminat
3 years ago
14

Grocery, inc., and dave's market enter into a contract for the delivery of locally grown produce. the parties use a standard gro

cery, inc. form that contains some of the terms the parties agree on but not others. some of the produce spoils before it can be sold. dave's refuses to pay for the spoiled goods. grocery, inc. files a suit against dave's, claiming that the buyer assumed the risk of the spoilage of the unsold produce. the court may allow evidence of this term if it finds that the parties' contract is
Business
1 answer:
BaLLatris [955]3 years ago
4 0
<span>Grocery, inc., and Dave's market enter into a contract for the delivery of locally grown produce. The parties use a standard grocery, inc. form that contains some of the terms the parties agree on but not others. some of the produce spoils before it can be sold. Dave's refuses to pay for the spoiled goods. Grocery, inc. files a suit against Dave's, claiming that the buyer assumed the risk of the spoilage of the unsold produce. The court may allow evidence of this term if it finds that the parties' contract is not fully integrated.</span>
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Which of the following depicts the proper sequence of steps in the accounting cycle?
ycow [4]

Answer:

Option D. Prepare a trial balance, prepare adjusting entries, prepare financial statements

Explanation:

The accounting cycle sequence is given as under:

  1. Analyzing the business
  2. Journalize the Transactions
  3. Post to Ledger Accounts
  4. Prepare a Trial Balance
  5. Posting adjusting entries and Preparing an adjusted trial balance
  6. Preparing the financial statements
  7. Journalize and post closing entries
  8. Prepare a post closing trial balance and financial statement

So we can see that the three steps highlighted above are the sequence shown in the option D. Hence option D is correct.

5 0
3 years ago
Wilson Corporation produces a large number of fishing products. The costs per unit of a particular fishing reel are as follows.
vlada-n [284]

Answer:

The decision is incorrect. It is cheaper to make in house.

Explanation:

Giving the following information:

Make in house:

Direct materials and direct labor 10

Variable factory overhead 6

Fixed factory overhead 4

The company recently decided to buy 10,000 fishing reels from another manufacturer for $18

We need to  calculate the unitary variable cost of production. Fixed costs are unavoidable, therefore they shouldn't be taken into account.

Variable cost= direct material + direct labor + variable overhead

Variable cost= 10 + 6= $16

The decision is incorrect. It is cheaper to make in house.

3 0
3 years ago
helene, corp. reports a net operating loss in year 1 of $20,000. in year 2, the company reports income of $10,000. what amount o
gtnhenbr [62]

$8,000 (80% limitation) amount of year 2 income may be offset by the carryforward of the year 1 net operating loss

When a business' running costs are higher than its gross income, it experiences an operating loss (or revenues in the case of a service-oriented company).

Operating profit is the profit a business makes before taxes and interest. In the same manner as cost of goods sold, selling, general, and administrative expenditures are, interest and taxes are not regarded as operating costs. In many cases, businesses make enough money to pay their costs and turn a profit.

To know more about operating refer here:

brainly.com/question/15080057

#SPJ4

3 0
1 year ago
Purchase goods on credit Rs. 2000 from sudip at 10% trade discount. ​
professor190 [17]

Answer:

your answer is Rs.200.

Explanation:

10/100^Rs.2000=Rs.200.

3 0
2 years ago
Trey sells consumer electronics. He knows his customers weigh the costs versus the benefits associated with the different option
BartSMP [9]

Answer:

D, value-based marketing

Explanation:

Value-based marketing -

The process of selling goods or services , when marketing is done to the customer's ethics and value , in order to orient the customer to buy a specific goods or services .

It shifts the marketing towards customer-centric from product-centric  .

Hence , from the question , Trey is selling products by Value-based marketing .

5 0
3 years ago
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