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
guajiro [1.7K]
2 years ago
14

The debits and credits for four related entries for a sale of $15,000, terms 1/10, n/30, are presented in the following T accoun

ts. Cash (5) 13,860 Accounts Receivable (1) 14,850 (3) 990 (5) 13,860 Merchandise Inventory (4) 575 (2) 8,800 Estimated Returns Inventory (4) 575 Customer Refunds Payable (3) 990 Sales (1) 14,850 Cost of Merchandise Sold (2) 8,800 Describe each transaction. 1. Sold merchandise on account. 2. Recorded the cost of the merchandise sold and reduced the merchandise inventory account. 3. 4. 5. Check My Work5 more Check My Work uses remaining.
Business
1 answer:
kupik [55]2 years ago
4 0

please finThe debits and credits for four related entries for a sale of $15,000, terms 1/10, n/30, are presented in the following T accounts. EXPLANATIONS for these accounts are given below in an attachment

                                           

Download docx
You might be interested in
When production is characterized by opportunity costs, the resulting production possibilities frontier will be a straight line.
MatroZZZ [7]

People often produce goods. When production is characterized by opportunity costs, the resulting production possibilities frontier will be a straight line is a true statement.

<h3>What is opportunity cost in terms of production?</h3>

The opportunity cost of transporting or changing from one efficient combination of production to another that is better is simply defined as how much a specific good that is one goods is given up so that a person can get more of another kind of goods.

Opportunity cost is said to be seen when spending more money on an item.

Due to the above, when production is seen to be more of constant opportunity cost, the resulting production possibilities frontier is known to occur on a straight line.

Learn more about Production from

brainly.com/question/1501489

7 0
2 years ago
Rebecca would like to set up an account to supplement her parents' retirement income for the next 15 years.
vova2212 [387]

Answer:

Explanation:

a.)

This is an annuity type of question. Using a financial calculator, input the following to find the PV of the Ordinary annuity;

Total duration; N = 15*12 = 300

Monthly rate; I/Y = 7.2%/12 = 0.6%

One-time future cashflow; FV = 0

Recurring monthly payment; PMT = 150

then compute present value; CPT PV = $20,845.24

b.) This is an <em>Annuity Due </em>type of question since the recurring monthly payment occur at the beginning of the month.

Using a financial calculator, change the mode to "BEG"  and input the following to find the PV of the annuity due;

Total duration; N = 15*12 = 300

Monthly rate; I/Y = 7.2%/12 = 0.6%

One-time future cashflow; FV = 0

Recurring monthly payment; PMT = 150

then compute present value; CPT PV = $20,970.31

5 0
3 years ago
A group of university students toys coconuts from farmers' markets. The students consume the meat of the coconuts for food and u
Karo-lina-s [1.5K]

Answer: The free- rider problem

Explanation:

 The free-rider problem is one off the type of economical issue that cause the market failure problem due to the unsystematic distributing of the various types of goods resources and also the services.

This type of problem is basically occur due to the overuse or degradation of the products and the resources.

According to the given question, the free rider problem is one of the example that best illustrating the given scenario. The main cause of the free rider problem is due to the unequal use of the resources and also the public goods without paying for their particular share.  

 Therefore, The free-rider problem is the correct answer.

7 0
3 years ago
Facing and resolving ethical dilemmas is challenging. However, ethical guidelines, combined with self-examination, can help you
ehidna [41]

Answer:

<em>The correct answer is:</em> How would you feel if your family or coworkers learned of your action?

Explanation:

The self-awareness exam will assist in facing and solving ethical dilemmas that a professional may face in the work environment. It is necessary for an organization to have well-established guidelines and policies that support ethical attitudes, in addition to a culture aimed at developing ethical attitudes regardless of the hierarchical position in the company.

Therefore, the question that could help a professional to make good ethical decisions would be: How would you feel if your family or co-workers knew about your action?

This would be the ideal question, since the family is the social structure most valued by individuals and it is in the family where one learns the first ethical values ​​that the person will bring to their social and professional life. Relationships with co-workers are also important in this scenario, since it is common for professionals to want to be well regarded and related in the work environment and to maintain a responsible and positive attitude towards collaboration with the company's organizational culture.

4 0
3 years ago
Schwering Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocat
Vesnalui [34]

Answer:

Instructions are below.

Explanation:

<u>1)</u>

Order Filling, $136,040

Orders (Order Filling)

Product D7 3,040

Product U1 760

<u>To calculate the predetermined overhead rate, we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Order Filling= 136,040/3,800

Order Filling= $35.8 per order

<u>2)</u>

Overhead costs:

Machining, $81,600

Order Filling, $161,500

Activity data appear below:

MHs (Machining) Orders (Order Filling)

Product D7 13,200 4,000

Product U1 26,800 1,000

<u>First, we need to calculate the activity rate for each activity:</u>

Machining= 81,600/40,000= $2.04 per machine hour

Order Filling= 161,500/5,000= $32.3 per order

<u>Now, we can allocate overhead to product U1:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Product U1= 2.04*26,800 + 32.3*1,000= $86,972

<u>3)</u>

Wall Mirrors Specialty Windows

Total expected units produced 7,700 1,450

Expected direct labor-hours per unit 14 7

The total materials handling cost for the year is expected to be $17,153.10.

<u>Total direct labor hours, and predetermined overhead rate:</u>

Total direct labor hours= 14*7,700 + 7*1,450= 117,950

Material Handling activity rate= 17,153.1/117,950= $0.145 per direct labor hour

<u>Now, we allocate overhead:</u>

Wall Mirrors= 0.15*107,800= $16,170

6 0
3 years ago
Other questions:
  • Boulder Furniture has bonds outstanding that mature in 15 years, have a 6 percent coupon, and pay interest annually. These bonds
    14·1 answer
  • Determine which of the following expressions can be factored to (y – 4)(y – 7).
    9·1 answer
  • The manager of the main laboratory facility at Elmhurst HealthElmhurst Health Center is interested in being able to predict the
    10·1 answer
  • sold real property with a $140,000 adjusted basis for $255,000. The buyer paid $148,000 cash and assumed Mr. Beck's $107,000 mor
    11·1 answer
  • If Andre has a child and adds another dependent to his tax form for withholding, the company will withhold a lower amount of inc
    6·1 answer
  • Suppose the U.S. foreign assets are 67 percent of the U.S.​ GDP, and the U.S. foreign liabilities are 95 percent of the U.S. GDP
    10·1 answer
  • Briefly explain the term gross value added at basic prices ​
    7·1 answer
  • Select the statement below that explains how to use the Income Summary account. Multiple choice question. The Income Summary acc
    14·1 answer
  • A customs union is put in place to Blank______.Multiple choice question.create a separate external trade policy for each member
    8·1 answer
  • It is important for an entrepreneur to have ___________ when approaching an angel investor or venture capitalist
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!