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olganol [36]
3 years ago
14

The ledger of Windsor Company at the end of the current year shows Accounts Receivable $149,000, Sales Revenue $853,000, and Sal

es Returns and Allowances $23,000. Journalize the following independent situations.
Business
1 answer:
nadya68 [22]3 years ago
5 0

The sales revenue will be recorded in the comprehensive Income after net of sales return.

The account receivables shows the credit sales made and the amount not recovered till yet from the customers.

Hence sales will come at top of profit and loss.

Sales return will come in noted to the financial statements in sales note.

And account receivables will be shown in balance sheet as current asset.

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Kelly Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following d
lara [203]

Answer:

$336,000

Explanation:

Calculation for How much cost that would be allocated in the first-stage allocation to the Order Processing activity cost pool

Total Order Processing activity cost pool

Wages and salaries: 60% × $360,000

Wages and salaries= $216,000

Depreciation: 35% × $200,000

Depreciation=$70,000

Occupancy : 50% × $100,000

Occupancy=$50,000

TOTAL =$336,000

Therefore the amount of cost that would be allocated in the first-stage allocation to the Order Processing activity cost pool will be $336,000

5 0
3 years ago
Purchasing agents for merchandises are known as _____.
noname [10]
I think it’s known as Merchandise calling
6 0
3 years ago
Two or more products are produced using limited resources. The firm would like to determine how many units of each product it sh
inysia [295]

Answer: Product-mix

Explanation:

From the given case/scenario, we can state that this situation describes the problem of product-mix. Product mix that is also known as or referred to as product assortment, tends to refer to total number of product/commodity lines that an organization offers to an individual or to its customers.There are four dimensions to an organization's product mix, these are length, width, consistency and depth.

3 0
3 years ago
Fishermen’s Corp. is considering purchasing a boat. If the boat was purchased, it is expected to receive $20,000 at the end of t
ozzi

Answer:

The boat today is worth 100,440 dollars

Explanation:

We need to solve for the present value of the payment Fishermen's Corp will receive for the boat:

We will apply the formula for lump sum to each \frac{Maturity}{(1 + rate)^{time} } = PV  

cash flow and then add them together

\frac{20,000}{(1 + 0.08)^{1} } = PV  

\frac{40,000}{(1 + 0.08)^{2} } = PV  

\frac{60,000}{(1 + 0.08)^{3} } = PV  

Year Nominal     Present Value

1 20000  18, 518

2 40000 34,293

3 60000 47,630

TOTAL            100,441

5 0
3 years ago
Although hargrove co. makes enough money to pay for everything it needs, it still chooses to have some debt and pay a larger por
lisov135 [29]
The best explanation for this decision is "financial leverage".

Financial leverage refers to the amount of debt that is used by an entity to purchase more resources. Leverage is utilized to abstain from utilizing excessively value to support operations. An intemperate measure of money related use expands the danger of disappointment, since it turns out to be more hard to repay debt.
6 0
4 years ago
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