1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tpy6a [65]
3 years ago
5

For the year ended december​ 31, 2019, davidson mart had sales of​ $800,000 and cost of goods sold of​ $600,000. davidson estima

tes that approximately​ 2% of the merchandise sold will be returned. the adjusting journal entry on december​ 31, 2019, would include a​ _______.
Business
1 answer:
Degger [83]3 years ago
5 0
Adjusting journal entry on December 31, 2019 is as follows:
    Debit - Sales Returns and allowances        -      16,000.00
             Credit - Accounts Receivable                    -        16,000.00
You might be interested in
Emmy worked late nights at a convenience store. One night, Emmy discovered that the ""emergency alert"" security system was not
Margaret [11]

Answer:

The correct answer is letter "A": for negligence because the harm was foreseeable.

Explanation:

In Law, foreseeability is a concept related to what the proximate causes could be after an event. The concept is helpful to determine the limit of liability according to the primary event that happened and the type and manner of harm. The harm caused by rescuers like firefighters and negligence of health care providers like doctors and nurses is considered foreseeable.

<em>In Emmy's case, the repeated thefts to the store where she works while having a nonfunctioning alarm (negligence) make the store owner liable for the injuries caused by a perpetrator who broke Emmy's leg during a robbery since that event was foreseeable.</em>

6 0
3 years ago
The following information is available for Baker Industries: Cost of goods manufactured $ 320,000 Beginning finished goods inven
schepotkina [342]

Answer:

Baker Industries

The Cost of goods sold for the period is:

= $330,000

Explanation:

a) Data and Calculations:

Cost of goods manufactured       $ 320,000

Beginning finished goods inventory 45,000

Ending finished goods inventory      35,000

Cost of goods sold:

Beginning finished goods inventory $45,000

Cost of goods manufactured            320,000

Ending finished goods inventory       (35,000)

Cost of goods sold =                       $330,000

4 0
3 years ago
If the actual labor rate exceeds the standard labor rate and the actual labor hours exceed the number of hours allowed, the labo
vladimir2022 [97]

Answer:

Option D

Explanation:

As both, the actual rate and actual hours exceed the standards rate and standard hours, both rate and efficiency variance will be unfavorable.

And considering that if the actual labor rate exceeds the standard labor rate and if the actual labor-hours exceed the number of hours allowed, the total labor flexible budget variance will be unfavorable. As the variance is the difference between the Standard Cost and Actual Cost. So if both Standard rate & Standard hrs. are more than actual rate & actual hrs., Actual cost will be more than standard cost i.e. the variance will be unfavorable

Option d is correct

8 0
3 years ago
A(n) ____ cannot be changed or ended. irrevocable trust living will power of attorney revocable trust will
xxMikexx [17]
<span>Like its name implies, an irrevocable trust cannot be changed or ended. Grantors who transfer their assets into such a trust are effectively gifting them to it, revoking their ownership of said assets. This trust is often used as a more tax-effective way to protect an estate.</span>
5 0
3 years ago
A newspaper article once reported that the u.s. economy was experiencing a low rate of inflation. it said that "low inflation ha
noname [10]
I think policymakers would link social security payments to inflation to help the recipients with the increased cost of living due to inflation of prices also. I don't think small increases due to a low rate of inflation is a downside because the low rate of inflation means goods and services will not increase much in price so will still be relatively affordable. 
7 0
3 years ago
Other questions:
  • Of the seven different personality dimensions (Big Five, locus of control, self-monitoring) which is most important to organizat
    9·1 answer
  • Karl Harris, a marketing critic, is concerned about the pervasiveness of marketing. He points out that advertising messages are
    8·1 answer
  • A, B and C form X Corporation by transferring the following assets, each of which has been held long-term:
    11·1 answer
  • CopperCore Inc., a U.S. business, took a 31 percent equity interest in Javier Holdings, a family business based in Spain. Accord
    5·1 answer
  • Liabilities are often created as a result of an expense incurred by a company. Which of the following liabilities is not the res
    8·1 answer
  • Blossom Corporation issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, th
    12·1 answer
  • Although Gloria was aggressively recruited by PaperKlip Office Supplies, the treatment of her now that she is in the company has
    14·1 answer
  • By convention, a swap buyer on an interest rate swap agrees to act as the dealer in the swap agreement. hold both principal and
    12·1 answer
  • Using the (DMP) Model. (1) What determines a consumer’s decision to search for work? (2) What determines a firm’s decision to po
    15·1 answer
  • on january 1 of year 1, congo express airways issued $3,400,000 of 7% bonds that pay interest semiannually on january 1 and july
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!