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3 years ago

A company has designed a new product and tested the prototype. What is the

Business

2 answers:

krok68 [10]3 years ago

7 0

Answer:

Explanation:

They have to test it before it can be put out on the market.

Valentin [98]3 years ago

5 0

I think it’s A because they have to put it under testing

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The Perry Company reported Accounts Receivable, Net of $64,400 at the beginning of the year and $73,700 at the end of the year.

bija089 [108]

Answer:

28.06

Explanation:

The formula for calculating this is,

(Average Account Receivable / Net Sales Revenue) * 365

Hence the answer is calculated as:

(69050 / 898000) * 365 = 28.06.

Hope this helps.

Good Luck.

3 0

3 years ago

A Coase solution to a problem of externality ensures that a socially efficient outcome is to internalize the externality through

ANEK [815]

Answer: Maximize joint welfare in respective or the right owner.

Explanation: A coase solution to a problem of externality insures that a socially efficient outcome is to maximize the joint welfare, irrespective of the right of ownership.

The Coase theorem states that when transaction cost are low, two parties will be able to bargain and reach an efficient outcome in the presence of an externality.

8 0

3 years ago

A company reported beginning inventory of 100 units at a per unit cost of $25. It had the following purchase and sales transacti

patriot [66]

Answer:

14-Jan

Dr Trade Receivable $1,125

Cr Sales

14-jan

Dr Cost of sales 625

Cr Inventory 625

9-Apr

Dr Inventory 375

Cr Trade Payable 375

2-Sep

Dr Trade Receivable $2,500

Cr Sales $2,500

2 sep

Dr Cost of sales $1,375

Cr Inventory $1,375

Dec 31 No journal entry

Explanation:

Preparation to Records the month-end journal entries noted below, assuming the company uses a periodic inventory system

14-Jan

Dr Trade Receivable $1,125

Cr Sales (45*25)

14-jan

Dr Cost of sales[25*25] 625

Cr Inventory 625

9-Apr

Dr Inventory (25*$15) 375

Cr Trade Payable 375

2-Sep

Dr Trade Receivable $2,500

Cr Sales (50*50) $2,500

2 Sep

Dr Cost of sales $1,375

Cr Inventory $1,375

($2,500-$1,125)

Dec 31 No journal entry

8 0

2 years ago

Quick assets include which of the following? Multiple Choice Market securities, receivables, and inventories. Cash, marketable s

just olya [345]

Answer:

The correct answer is letter "C": Cash, marketable securities, and receivables.

Explanation:

The quick assets of a company can easily be converted into cash. Quick assets include cash, account receivables, and marketable securities, which are equity and debt securities that can be converted into cash within one year. To calculate the company's quick assets add its cash, account receivables, and marketable securities and subtract its inventory from that result.

8 0

3 years ago

Performance Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and a

maw [93]

Answer:

$36,648

Explanation:

age balance % uncollectible total

Not past due $890,000 3/4% $ 6,675

1-30 days past due $97,900 2% $ 1,958

31-60 days past due $44,500 6% $2,670

61-90 days past due $32,000 16% $ 5,120

91-180 days past due $23,100 40% $ 9,240

Over 180 days past due $16,900 65% $10,985

Total $1,104,400 $36,648

journal entry should be:

December 31, 202x, bad debt expense

Dr Bad debt expense 36,648

Cr Allowance for doubtful accounts 36,648

8 0

3 years ago