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Darina [25.2K]
3 years ago
7

A ________ produces goods in advance of customer demand using a forecast of sales and moves them through the supply chain to poi

nts of sale, where they are stored as finished-goods inventory.
Business
1 answer:
adoni [48]3 years ago
3 0

Answer:

C.) Push System.

Explanation:

You might be interested in
Liang Company began operations in Year 1. During its first two years, the company completed a number of transactions involving s
horsena [70]

Answer:

1). Account receivables A/c Dr. $1,345,000

                 To sales revenue  A/c $1,345,000

(Being the sales revenue is recorded)

Cost of good sold A/c Dr. $975,700

          To merchandise inventory A/c $975,700

(Being the cost is recorded)

2. Allowance for doubtful accounts A/c Dr. $19,400

       To accounts receivable A/c $19,400

(Being the written off is recorded)

3. Cash A/c Dr. $670,800

           To accounts receivables A/c $670,800

(Being cash received is recorded

1. .Account receivable A/c Dr. $1,529,400

                    To sales A/c $1,529,400

(Being the sales revenue is recorded)

Cost of good sold A/c Dr. $1,332,100

          To merchandise inventory A/c $1,332,100

(Being the cost of goods sold  is recorded)

2. Allowance for doubtful accounts A/c Dr. $27,000

        To Account receivable A/c $27,000

(Being the written off amount is recorded)

3. Cash A/c Dr. $1,391,600

            To account receivable A/c $1,391,600

(Being the cash received is recorded)

4. Bad-debts expense A/c Dr. $28,000

(765,600 × 1% + 20,344)

    To allowance for doubtful accounts A/c $28,000

(Being the bad debt expense is recorded)

Working note:

Ending Receivables = (654800 + 1529400 - 27,000 - 1,391,600) = $765,600

Total Receivables of 1st Year = 1,345,000 - 19,400 - 670,800 = $654,800

Before Adjustment Ending Allowance Balance = 65,4800 × 1% - 27,000

= 6,548 - 27,000

= 20,344 Debit BalanceThe journal entries are shown below:

According to the scenario, computation of the given data are as follows:-

Journal Entries for 1st year

1). Account receivables A/c Dr. $1,345,000

                 To sales revenue  A/c $1,345,000

(Being the sales revenue is recorded)

Cost of good sold A/c Dr. $975,700

          To merchandise inventory A/c $975,700

(Being the cost is recorded)

2. Allowance for doubtful accounts A/c Dr. $19,400

       To accounts receivable A/c $19,400

(Being the written off is recorded)

3. Cash A/c Dr. $670,800

           To accounts receivables A/c $670,800

(Being cash received is recorded)

4.  Bad-debts expense A/c Dr. $38,389

(1,345,000-19,400-670,800) × 2.90+ $19,400

          To allowance for doubtful accounts A/c $38,389

(Being the bad debt expense is recorded)

Journal Entries for 2nd year

1. .Account receivable A/c Dr. $1,529,400

                    To sales A/c $1,529,400

(Being the sales revenue is recorded)

Cost of good sold A/c Dr. $1,332,100

          To merchandise inventory A/c $1,332,100

(Being the cost of goods sold  is recorded)

2. Allowance for doubtful accounts A/c Dr. $27,000

        To Account receivable A/c $27,000

(Being the written off amount is recorded)

3. Cash A/c Dr. $1,391,600

            To account receivable A/c $1,391,600

(Being the cash received is recorded)

4. Bad-debts expense A/c Dr. $28,000

(765,600 × 1% + 20,344)

    To allowance for doubtful accounts A/c $28,000

(Being the bad debt expense is recorded)

Working note:

Ending Receivables = (654800 + 1529400 - 27,000 - 1,391,600) = $765,600

Total Receivables of 1st Year = 1,345,000 - 19,400 - 670,800 = $654,800

Before Adjustment Ending Allowance Balance = 65,4800 × 1% - 27,000

= 6,548 - 27,000

= 20,344 Debit Balance

Explanation:

8 0
2 years ago
What Is One Reason Why Inflation Can Occur
GrogVix [38]

Answer:

Both types of inflation cause an increase in the overall price level within an economy. Demand-pull inflation occurs when aggregate demand for goods and services in an economy rises more rapidly than an economy's productive capacity.

Explanation:

8 0
3 years ago
Read 2 more answers
A company purchased land in exchange for a $25,000, 10-year note payable. The increase in the Notes Payable account would be rec
77julia77 [94]

The increase in the Notes Payable account would be recorded with a credit.

<h3>Notes payable account:</h3>

Assuming the company purchased land in exchange for a $25,000, 10-year note payable the increase in the Notes Payable account would be recorded with a credit.

The appropriate journal entry to record this transaction will be:

Journal entry

Debit Land $25,000

Credit Notes Payable $25,000

(To record note payable)

Inconclusion the increase in the Notes Payable account would be recorded with a credit.

Learn more about notes payable here:brainly.com/question/14816928

5 0
2 years ago
Why do you think “AMAZON” became successful
JulijaS [17]
I believe that Amazon became successful as a business model by in some ways mimicking Sears model. At first Amazon only sold books and once they had mastered that successfully they were able to put many independent book stores out of business and then focused their energies on every other non perishable item that people needed. They took on toys clothing, food items etc. Sears did this by providing items out of their catalog. Amazon does this from their online app. people create their accounts and can search from their phones and have things sent directly to their homes. The advancement of Amazon can be directly related to the demise of shopping malls.
3 0
3 years ago
The histogram and box plots below show the distribution of finishing times for male and female winners of the New York Marathon
weeeeeb [17]

Answer:

Kindly check explanation

Explanation:

A.)

From the histogram, the number of runners who made a certain range of Runtime can be easily deduced on the y-axis of the histogram, which isn't possible on the boxplot.

Summary statistic such as lower quartile, median and upper quartile statistics including outliers can be deduced easily from the boxplot.

B.)

Bimodal distribution occurs when two different groups or class have the highest number of values in a distribution.

C.)

The distribution of marathon times for men is fairly normally distributed while that if women is skewed.

The minimum and maximum values in the women's distribution is greater than the minimum and maximum values in the men's distribution.

The women's distribution has greater variance than the men's distribution. (greater range value).

6 0
3 years ago
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