Answer:
The correct answer is a. Identify direct expenses; allocate indirect expenses; allocate service department expenses.
Explanation:
Selling costs are the costs incurred by a company to market the products or services, such as the salary of the sellers, commissions, gasoline of the trucks that distribute the orders, advertising, etc. Administrative expenses are the costs incurred by a company to manage its operations. Examples of these expenses would be the salary of the accountant, the surveillance expenses, the expenses for the cleaning service, stationery, salaries and benefits of the administrative staff of the company, etc. Some concepts can be shared, such as office rent. If there are sales and administration departments in the same building; The total expenditure must be applied to the two departments according to the space each of them uses (square meters) or at an estimated percentage; for the therefore, of the total rent one part would be selling expenses and another part administration expenses.
The answer is they seem to go together, since as time passes, the higher the interest rates grow or vice versa, while time passes interest rates may fall as well, but commonly, as time passes, so does interest rates rise. This reactions may be seen in huge companies or organizations that have invested huge amounts of money that have grown overtime
Answer:
C. DEBIT TO SALES RETURNS
D. CREDIT TO ACCOUNTS RECEIVABLE
Explanation:
The journal entry to record the May 15 transaction is shown below:
Sales return and allowance A/c Dr $40,000
To Accounts receivable $40,000
(Being sales return is recorded)
For recording the given transaction we debited the sales return and credited the account receivable. Both are recorded for $40,000
She profits more each month
Answer:
EOQ= 300 units
Annual ordering cost= $3750
Annual holding cost =$3750
Re-order point =100 units
Explanation:
The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost.
It is computed using he formulae below
EOQ = √ (2× Co× D)/Ch
EOQ = √ (2× 75× 15,000)/25
EOQ = 300 units
Annual holding cost
= EOQ/2 × holding cost per unit
= 300/2 × $25
=$3750
Annual ordering cost
= Annul demand/EOQ × ordering cost per order
=( 15,000/300)× $75
= $3750
Re-order Point
Maximum consumption × maximum lead time
=( 15,000/300)× 2 = 100 units
