Answer:
Dr. Cr.
July 19
Cash $792
Discount expense $8
Account Receivable $800
Explanation:
The term 1/15, n/30 mean there is a discount of 1% is available on the sales value, if payment is made within 15 days of sale with credit term of 30 days.
The sale of $900 was made on July 10 and discount period is until July 25.
On July 12 goods amounting $100 was returned and now the amount due from the customer is $800 ( $900 - $100 ).
The payment made on July 19 is actually in the discount period and it is eligible for the discount as it is made before July 25.
Discount = Amount due x Discount rate
Discount = $800 x 1% = $8
$792 Cash received against the sale made on July 10 and discount $8 is expensed. Total of $800 is credited from the account receivable account to eliminate it.
Answer:
High traffic
Explanation:
Higher traffic means more visibility, more visibility means more customers.
Answer:
8,100 hours
Explanation:
The computation of standard hours is shown below:-
Total standard hours allowed = (Field models × Field models hours) + (professional binoculars × Professional binoculars hours)
= (950 × 3) + (1,050 × 5)
= 2,850 + 5,250
= 8,100 hours
Therefore for computing the total standard hours allowed we simply applied the above formula.
