Answer and Explanation:
The adjusting entry is as follows
Sales return & allowances ($550,000 × 2%) $11,000
Refunds payable $11,000
(Being the recording of estimated sales return is done)
For recording this we debited the sales returns & allowances as it increased the sales return and credited the refund payable as it also increased the liabilities
Answer: shareholder, customer, and market changes
Explanation:
Patagonia and Seventh Generation are actively trying to build a very suiting relationship with their customers. Doing this will not only attract existing customers but also potential clients.
Answer:
the latest an activity can be started and still finish the project on time, calculated by subtracting the activity's duration from its latest finish time
Explanation:
In project management, slack refers to the amount of time that a certain task can be delayed and not affect the completion time of the general project. Slack time can be considered "just in case" time, because even though delays should be minimized, rarely you can eliminate them completely, and slack time gives you a little extra room for managing projects.
Answer:
The number of units must be sold to yield a target operating income of $26,000: 5,600 units
Explanation:
Contribution margin per unit = Sales price – Variable cost per unit = $32-$27=$5
The number of units must be sold to meet the target income figure are calculated by using following formula:
The number of units must be sold = (Total fixed cost + Targeted income) / Contribution margin per unit = ($2,000 + $26,000)/$5 = 5,600 units
