Answer:
March 12
Accounts Receivable 10900 Dr
Service Revenue 10900 Cr
March 20
Cash 10573 Dr
Service discount 327 Dr
Accounts Receivable 10900 Cr
Explanation:
March 12
The provision of services on account is recorded by a debit ot the asset account in form of accounts receivable and a credit to the service revenue. The full amount/ gross amount of service revenue is recorded as we assume that we use the gross method to record the service revenue.
March 20
The terms of credit which are 3/10 means that a 3% discount is allowed by Medical Waste Services if the Grace Hospital pays within the 10 days of the service provided on account. As the Grace Hospital pays within this period, a service discount of 10900 * 0.03 = 327 is allowed.
The remaining cash to be collected is 10900- 327 = 10573
Answer:
Direct material quantity variance= $2,170 unfavorable
Explanation:
<u>To calculate the direct material quantity variance, we need to use the following formula:</u>
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (2*5,000 - 10,310)*7
Direct material quantity variance= $2,170 unfavorable
It is important to find the lowest interest rate. <span>With credit cards, interest rate and APR can be used interchangeably, since there are typically no fees other than interest that are charged for borrowing money on a credit card.</span>
Answer:
If you need negotiating
Explanation:
If you need to negotiate, often times a silent partner can be better because they will not get you into more trouble or ruin your presentation with their own activeness.
Answer:
cost-plus regulation
Explanation:
Pricing regulation is the strategy the a government uses in controlling the price of commodities at the retail markets and other stages in the production process.
The cost-plus regulation of prices allows businesses the set prices on goods that will meet up with the cost of production of the good and also add a normal rate of profit.
In the given instance the firm covers the cost of production for its product and also adds a 15% profit to the price it charges its customer.
This is cost-plus regulation.