B proposal that gives buyers reasons to purchase a product
Answer:
<u>TRIAL BALANCE:</u>
Debit Credit
Cash 79600
AR 7500
Supplies 400
slaries expense 3100
op- expense 16100
supplies expense 1600
dividends 2000
Account Payable 3000
saalaries expense 3100
Unearned Revenue 5100
Common Stock 60000
Service revenue 39100
110300 110300
Explanation:
We have to record eahc time an accoutn is used and once we got all transactions we determiante the balance
Cash
Debit Credit
60000
8200
28500
15100
2000
<u>96700 17100</u>
<em>79600</em>
AR
Debit Credit
36000
<u> 28500</u>
7500
Supplies
Debit Credit
2000
<u> 1600</u>
400
salaries expense op- expense supplies expense
Debit Credit Debit Credit Debit Credit
3100 16100 1600
Account Payable
Debit Credit
2000
16100
15100
<u>15100 18100 </u>
3000
Salaries Payable
Debit Credit
3100
Unearned Revenue
Debit Credit
8200
<u>3100 </u>
5100
Common Stock
Debit Credit
60000
Service revenue
Debit Credit
36000
<u> 3100 </u>
39100
Then we construct the trial balance which all these account balance.
Answer: See explanation
Explanation:
The missing amounts are gotten below:
Sales revenue:
May company = 90,000
Reed company = 107,000
Sales returns
May company = 300
Reed company = 5,000
Net sales
May company = 87,000
Reed company = 102,000
Cost of goods sold
May company = 56,000
Reed company = 60,500
Gross profit
May company = 31,000
Reed company = 41,500
Operating expenses
May company = 15,000
Reed company = 26,500
Net income
May company = 16,000
Reed company = 15,000
Then, the gross profit rate would be calculated as:
= Gross Profit/Net sales
For May company, this will be:
= 31,000/87,000
= 0.36
= 35.6%
For Reed company, this will be:
= 41,500/102,000
= 0.47
= 40.7%
Note that some of the formula used to solve the above question include the net sales which is the difference between the sales and sales return.
Gross profit is the difference between the net sales and the cost of the goods sold
Net income is the difference between the gross profit and the operating expenses
Answer:
the overhead cost assigned to Job 971 is $1,020
Explanation:
The computation of the overhead cost assigned to Job 971 is shown below:
= Budgeted Machine overhead cost ÷ Number of set up
= $13,200 ÷ 390
= 34
Now the overhead cost assigned is
= 30 setups × 34
= $1,020
hence, the overhead cost assigned to Job 971 is $1,020
Therefore the last option is correct
Answer:
Examples of bad faith include undue delay in handling claims, inadequate investigation, refusal to defend a lawsuit, threats against an insured, refusing to make a reasonable settlement offer, or making unreasonable interpretations of an insurance policy.
Explanation: