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Sauron [17]
3 years ago
12

McGregor allows customers to pay with credit cards. the credit card company charges 3% of the sale. when a customer uses a credi

t card to pay McGregor $200 for services provided, McGregor would:
A. Debit cash for $200
B. Credit service revenue for $194
C. Debit service fee expense for $6
D. Credit service revenue for $206
Business
1 answer:
Andru [333]3 years ago
8 0
D. Credit service revenue for $206
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Sparks Fireworks manufactures and sells fireworks. Their raw materials used is $71,500. Their beginning raw materials inventory
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Answer:

The correct answer would be, $70500

Explanation:

Raw Material Turnover means what amount of raw materials is used within a specific period of time. So the raw material turnover would be calculated by adding the beginning inventory with the amount of material used within the period, and then the remaining material will be deducted. So the whole calculations are shown as follows:

Beginning Raw Material Inventory: $5000

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Raw Material Inventory Turnover:

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Question 5 of 10
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Long run

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