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
Leokris [45]
4 years ago
7

Gershwin Wallcovering Inc. shipped the wrong shade of paint to a customer. The customer agreed to keep the paint upon being offe

red a 15% price reduction. Gershwin would record this reduction by crediting accounts receivable and debiting:
A) Inventory.
B) Sales discounts.
C) Sales.
D) Cost of goods sold
E) None of the above.
Business
1 answer:
ratelena [41]4 years ago
4 0

Answer:

B) Sales discounts.

Explanation:

Sales Discount is a contra revenue account which is adjusted in the sales to calculate the net sales value.

As the following transaction is already been recorded at the time of sale

Dr. Account receivable  xxxx

Cr. Sales                         xxxx

Sales account will not be debited to adjust the transaction. we will record this transaction in sales discount account which will ultimately adjusted.

You might be interested in
When a product spreads through the population, it is called the?
Fiesta28 [93]

The answer is diffusion of innovation. This type of theory or process has the aim of having to influence other people in regards with the ideas that they have formulated in which are new. These ideas are being spread out with the use of innovations.

7 0
3 years ago
Suppose Cute Camel Woodcraft Company is evaluating a proposed capital budgeting project (project Alpha) that will require an ini
UNO [17]

Answer:

$996,267.41

Explanation:

The Net Present Value of Alpha`s project can be determined by using the CFj Function of a Financial Calculator as follows :

<em>- $400,000  CF0</em>

<em>$325,000     CF1</em>

<em>$500,000    CF2</em>

<em>$400,000    CF3</em>

<em>$475,000    CF4</em>

<em>I/YR = 8%</em>

<em>Then, SHIFT NPV gives $996,267.41</em>

Thus, Alpha's net present value (NPV) is $996,267.41.

8 0
3 years ago
Financial ratios that reflect the degree to which a firm relies on borrowed funds are called ________ ratios. leverage liquidity
Vanyuwa [196]
Leverage would  be your answer.

3 0
3 years ago
Consider the assembly line of a laptop computer. The line consists of 9 stations and operates at a cycle time of 2.50 minutes/un
polet [3.4K]

Answer:

17.5minutes

Explanation:

Calculation to determine would be the information turnaround time for a defect made at station 2

Station 2 information turnaround time=[(Station 9-Station 2)*2.50 minutes/unit]

Station 2 information turnaround time=7x 2.50

Station 2 information turnaround time=17.5minutes

Therefore the information turnaround time for a defect made at station 2 is 17.5minutes

7 0
3 years ago
Concord Corporation sells two types of computer hard drives. The sales mix is 30% (Q-Drive) and 70% (Q-Drive Plus). Q-Drive has
Drupady [299]

Answer:

The weighted-average unit contribution margin for Concord is $70.50

Explanation:

For computing the weighted-average unit contribution margin , first we have to compute the contribution margin which is shown below:

Contribution margin per unit = Selling price per unit - Variable expense per unit  

For Q- drive, it will be

= $90 - $30

= $60 per unit

And, for Q-drive plus,

= $135 - $60

= $75 per unit

Now the weighted-average unit contribution margin equal to

= Weighted sales mix × contribution margin + Weighted sales mix × contribution margin

= 30% ×$60 + 70% × $75

= $18 + $52.50

=$70.50 per unit

7 0
3 years ago
Other questions:
  • The bulk of costs related to legal expenses come from: a. Photocopying b. Online research through legal subscription services c.
    5·1 answer
  • The CBA is one of the first steps in seeking initial approval from senior management for an HRIS Project.
    12·1 answer
  • 15Question(1 point) 1st attempt What will happen in a market where a nonbinding price floor is removed? Choose one:
    8·1 answer
  • Suppose a firm estimates its WACC to be 10%. Should the WACC be used to evaluate all of its potential projects, even if they var
    13·1 answer
  • Which of the following is a likely result of a lack of accountability?
    9·1 answer
  • If Ming wants a tertiary color, she should combine
    15·2 answers
  • Williams Corp. is considering signing contracts that will obligate the firm to purchase 100000 Swiss Francs worth of computer eq
    15·1 answer
  • Which source of funding would be most appropriate if you were starting a
    11·1 answer
  • What is management and leadership​
    15·2 answers
  • What Is margin of safety?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!