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Natalka [10]
3 years ago
6

On March 17, Jackal Lumber sold building materials to Fredo Limited for $15,000 with terms of 3/10, net 20. What amount did Jack

al record as revenue on March 25 when Fredo paid for the building materials?
a. $15,000.

b. $14,550.

c. $15,450.

d. $0.
Business
1 answer:
statuscvo [17]3 years ago
6 0

Answer:

Correct option is (b)

Explanation:

3/10, net 20 is a payment term used for goods sold on credit. This means a 3% discount is given on payment due by the customer if the payment is made within 10 days. Otherwise, full payment need to be made in 20 days.

Here, goods were sold on March 17 and payment was made within 10 days that is 25 March. So, Fredo is entitled to receive 3% discount.

Total amount due is $15,000

3% discount = 0.03 × 15,000 = 450

Remaining amount paid = 15,000 - 450 = $14,550.

So, Jackal recorded revenue of $14,550

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Hoochie [10]

Answer:

a. they are separate performance obligations

normal price of annual membership = $1,140

one yer enrollment in yoga = $600 x (30% - 10%) = $120 x 50% = $60

total $1,200

% of price allocated to:

annual membership = ($1,140 / $1,200) x $1,100 = $1,045

discount voucher = $1,100 - $1,045 = $55

b. the journal entry should be

Dr Cash 1,100

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    Cr Unearned revenue, discount voucher 55

6 0
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Why might recycling materials lead to spending less money on reclamation?
torisob [31]
Recycling materials lead to spending less money on reclamation because re-cycled materials are usually much more cheaper than raw materials. 
4 0
3 years ago
Jamal, the HR Director for a growing marketing firm, announces that the firm is planning to implement the integrated talent mana
Ber [7]

Answer:

c.

Explanation:

Based on the scenario being described it can be said that the action that should be expected to be performed would be connecting multiple processes such as performance management, training and development, and career management. This is because the Integrated Talent Management (TM) approach focuses on all of the HR processes in order to attract, onboard, develop, engage, and retain high-performing employees.

8 0
3 years ago
The decision to keep or drop products or services involves strategic consideration of all the following except: The desired inve
agasfer [191]

Answer:

The desired inventory levels of the product.

Explanation:

The desired inventory levels doesn't have anything to do with the fact that a product should be discontinued or not since it doesn't have any impact on the demand or price for remaining products.

The inventory level of a product can be changed or adjusted several times during a year depending on the expected sales. Sometimes very successful products have very seasonal sales, e.g. toys that are sold more on Christmas than any other time of the year.

6 0
4 years ago
Ai​ Lun, a management trainee at a large New Yorkdashbased ​bank, is trying to estimate the real rate of return expected by inve
QveST [7]

Answer:

Ai​ Lun estimate that  real rate would be 1%

Explanation:

The Formula for the Real Rate of Return is

Real rate of return =Nominal interest rate - Inflation rate

In this case ,

Nominal interest rate =3%

Inflation rate  is given by the rising of the consumer prices =2%

So,  

Real rate of return =3% - 2%

Real rate of return=1%

5 0
4 years ago
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