Answer:
$6,000
Explanation:
Receivables may be factored to ease the liquidity pressures of an entity. Factoring comes at a cost. As such, when receivables are factored, the entries required are
Debit Cash account
Dr Interest expense (factoring charge)
Credit Accounts receivables
As such, the amount of loss on sale of receivables would Marquess record in June is equivalent to the factoring charge
= 3% * $200,000
= $6,000
Answer:
E. Cluster
Explanation:
Cluster sampling is a type of sampling method in which the population under study is divided into different groups known as clusters before simple random samples are selected from each population clusters. The analysis of such population is carried out based on the sampled clusters.
This method is adopted when a researcher does not have access to the whole population under research.
Advantages of cluster sampling.
The research method only needs fewer resources.
The sample under review is feasible.
Note: Cluster sampling is not as accurate as simple or stratified random sampling.
Answer:
$5,000= ending inventory
Explanation:
Giving the following information:
Gross margin is normally 40% of sales.
Sales= $25,000
beginning inventory= $2,500
purchases= $17,500
First, we need to determine the cost of goods sold:
COGS= 25,000*0.6= 15,000
Now, using the following formula, we can calculate the ending inventory:
COGS= beginning inventory + cost of goods purchased - ending inventory
15,000= 2,500 + 17,500 - ending inventory
5,000= ending inventory
The National Labor Relations Act ("NLRA"),
National labor relation act approved by Congress in 1935,made it plain that the United States' objective is to promote collective bargaining by upholding employees' complete freedom of organization. By giving workers in private-sector companies the fundamental right to demand better working conditions and choice of representation without fear of punishment, the NLRA safeguards workplace democracy. Section 1. Strikes and other forms of industrial conflict or unrest have the intention or necessary effect of impeding or obstructing commerce by (a) affecting the effectiveness, safety, or operation of the instruments of commerce; (b) occurring as a result of (a) the denial by some employers of the right of employees to organize and the refusal by some employers to accept the procedure of collective bargaining in the flow of commerce; (c) materially affecting, restricting, or controlling the flow of raw materials or manufactured or processed goods from or into the channels of commerce, or the prices of such materials or goods in commerce; or (d) causing a decline in employment and wages in a quantity that significantly affects or disrupts the market for goods flowing from or into the channels of commerce.
Learn more about National labor relation act hear :
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Answer: $55,600
Explanation:
Total Manufacturing Cost
= Direct Material + Direct Labor + Factory Overhead
Cost of Goods manufactured = Direct materials used + Work-in-Process Inventory, Beginning + Factory Overhead Applied + Direct Labor - Work-in-Process Inventory, Ending
Direct Materials = Cost of Goods manufactured - Work-in-Process Inventory, Beginning - Factory Overhead Applied - Direct Labor + Work-in-Process Inventory, Ending
= 57,100 - 10,500 - 11,500 - (1.4 * 11,500) + 9,000
= $28,000
Total manufacturing cost = 28,000 + ( 1.4 * 11,500) + 11,500
= $55,600
