Based on the fact that Marigold Company returned some merchandise and paid within the discount period, the check amount would be <u>$1,960.</u>
<h3>What would be the check amount?</h3>
The credit terms 2/9, n/30 mean that if Marigold Company pays their balance in 9 days, they get a 2% discount.
The amount they will pay for settling their debt in that time is therefore:
= (Amount - Returns ) x ( 1 - discount)
= (2,100 - 100) x ( 1 - 2%)
= $1,960
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The neighborhood candle manufacturing factory needed to lay off one-third of its personnel after the push of the holiday season. these layoffs are an example of turnover.
Manufacturing. a building or set of buildings in which machines are used to produce massive quantities of manufactured goods: She works in a vehicle manufacturing unit. An example of a manufacturing unit is an area where automobiles are built. A construction or group of buildings wherein items are synthetic; a plant. A manufacturing unit is described as something that makes things fast and in outstanding portions. An example of a manufacturing unit is a child's school where germs are spread fast, a "germ factory."
Most of the maximum important manufacturing factories are those that produce planes, motors, chemical compounds, apparel, computers, purchaser electronics, electric equipment, fixtures, heavy equipment, refined petroleum products, ships, metallic, and gear and dies.
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When goods are shipped FOB destination and the seller pays the freight charges, the buyer c.makes no journal entry for the freight.
<h3>What are the journal entries for FOB destination transactions?</h3>
When merchandise is sold on FOB destination terms, it implies that the seller is legally responsible for the safety of the goods until delivered to the buyer. In most cases, the buyer does not pay for the freight.
In such a case, the Seller also records the delivery expense or freight as a period expense.
The buyer does not make any journal entry for the cost of delivery or (freight). Since the seller bears all the delivery risks, the buyer can only pay for the cost of the goods when they reach the buyer's destination.
Thus, when goods are shipped FOB destination and the seller pays the freight charges, the buyer c.makes no journal entry for the freight.
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Answer: Please refer to Explanation
Explanation:
The terms will be listed in bold at the end of the statement. If you require further clarification please do comment.
a. The costs deducted from the contribution margin to determine the responsibility margin. TRACEABLE FIXED COSTS.
b. Cost to produce plus a predetermined markup. COST-PLUS TRANSFER PRICE
c. Fixed costs that are readily controllable by the manager. NONE
d. A subtotal in a responsibility income statement, equal to responsibility margin plus committed fixed costs. PERFORMANCE MARGIN.
e. The subtotal in a responsibility income statement that is most useful in evaluating the short-run effect of various marketing strategies on the income of the business. CONTRIBUTION MARGIN.
f. The subtotal in a responsibility income statement that comes closest to indicating the change in income from operations that would result from closing a particular part of the business. RESPONSIBILITY MARGIN.
g. The amount used in recording products or services supplied by one business unit to another. TRANSFER PRICE.
Private brands or if not private labels is the answer.
