Answer:
place the order as soon as the reorder reminder card is reached
Explanation:
Based on the information provided it seems that the most efficient way to handle this situation would be to place the order as soon as the reorder reminder card is reached. Then when placing the order make sure to order enough alcohol prep pads to last until November 10th at the minimum, in order to not have to order more emergency pads before that date.
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Answer:
Net profit: 52,500
Explanation:
Sales revenue 125,000 (Only recogniced by the sold goods)
COSG -75,000 (Only recogniced by the sold goods)
Commission 12,500 (recognized even without being collected)
Freight cost <u>-10,000</u> (It´s an expence of the period)
Net Profit: 52,500
The rest of goods given to consignee is an Asset (Consignment inventory) for 25,000
The avertising paid for by consignee, to be reimbursed $5,000 is a liability.
Answer:
Oct 31
Dr Cash $8,107
Cr Notes receivable$7,900
Cr Interest revenue $207
Explanation:
Prepare ABC's journal entry assuming the note is honored by the customer on October 31 of that same year
Oct 31
Dr Cash $8,107
[$7,900+($7,900*10.5%*90/360)]
Cr Notes receivable$7,900
Cr Interest revenue $207
($7,900*10.5%*90/360)]
If these are the missing details:
<span>checks in the amount of $516.88 were still outstanding,
a deposit for $453.13 had not been credited,
monthly service charges were $16.00,
and a check in the amount of $104.65 had been returned NSF.
What was the reconciled cash balance of Price Co.?
</span>
Ending book balance: $ 3,420.00
Add back: O/S check: 516.88 This has not yet been encashed or deposited by bearer
Deduct: deposit (453.13) This has not yet been credited in the bank
Deduct: monthly svc (16.00) Deducted by the bank not in the books
Deduct: check deposit <u> (104.65) </u> NSF recorded by the bank. This is still collectible from maker
Reconciled cash bal. 3,363.10
NSF stands for no sufficient funds. If the company receives the check and deposits it to their account, it will be recorded as collected and earned. So the cash balance will be increased by 104.65. However, because the check is NSF, it means that the check is not good and the receivable has not been paid. Thus, the company has to deduct the amount from their books and collect from the customer the amount they deduct.
Answer:
the return on investment is higher in IACs because of superior infrastructure and workforce.
Explanation:
Based on the information provided within the question it can be said that the return on investment is higher in IACs (which refers to Industrially Advanced Countries) because of superior infrastructure and workforce, that allow for higher production and overall quality. Unlike DVCs which are the opposite in this aspect.
