All categories

2 years ago

What are the two types of merchant wholesalers?

1 answer:

7 0

the two types of merchant wholesalers are: full-service wholesalers, which provide a full set of services, and limited service wholesalers, which offer fewer services to their suppliers and customers.

You might be interested in

Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $360,000 and credit sa

VARVARA [1.3K]

Answer:

Account titles and explanation Debit Credit

bad debt expense $16,800

allowance for d doubtful account $16,800

Explanation:

Aging of accounts =5% of accounts receivable

Which is 360,000 x 5% = 18,000 expected allowance

current balance before adjustment =1,200 credit

Adjustment = 18,000 - 1,200 = 16,800

Adjusting entry BY Tanning Company

Account titles and explanation Debit Credit

bad debt expense $16,800

allowance for d doubtful account $16,800

3 0

2 years ago

Suppose a gold miner finds a gold nugget and sells the nugget to a mining company for $500. The mining company melts down the go

SSSSS [86.1K]

Answer:

The GDP will increase by $2,000 as a result of these transactions

Explanation:

When trying to calculate the increase in GDP caused by a series of transactions, we do not add all the transactions, instead we look at the price of the final good and that is the increase in GDP. In this case the final good is the necklace that the store department sells for $2,000 therefore we will only consider the final transaction. So the GDP will increase by $2,000 as a result of this series of transactions because the final good sold for $2,000.

4 0

3 years ago

In the Shaping Department of Vaughn Company the unit materials cost is $6.00 and the unit conversion cost is $2.00. The departme

Oksanka [162]

Answer: $31200

Explanation:

Based on the information given in the question, the total cost to be assigned to the ending work in process will be:

Material cost = 4800 × $6 = $28800

Conversion cost = 4800 × 25% × $2 = $2400

Therefore, the total cost to be assigned to the ending work in process will be:

= $28800 + $2400

= $31200

5 0

2 years ago

The Allowance for Bad Debts account has a credit balance of $ 5 comma 000$5,000 before the adjusting entry for bad debts expense

GaryK [48]

Answer:

62,200 allowance ending

Explanation:

allownce 5,000 credit

<u>Because the bad debt is calculate over the sales,</u> the bad debt expense is the result of that estimated, without considering the beginning balance of the allowance.

22% of net credit sales will be uncollectible:

260,000 x 22% = 57,200

<u>Now ending balance will be beginning + uncollectible for the period</u>

5,000 beginning

57,200 uncollectible for the period

62,200 allowance ending

4 0

3 years ago

Read 2 more answers

A(n) ____ is a professional communication that accompanies your résumé when you respond to a job advertisement or are simply int

Grace [21]

A cover letter is the professional communication .

6 0

2 years ago