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horrorfan [7]
3 years ago
8

Adrian Corp. sells goods on account for $100,000 on May 1. On May 15, the customer returns $40,000 of the merchandise. The custo

mer has not yet paid for any of the goods. What will Adrian record on May 15?
Business
1 answer:
ololo11 [35]3 years ago
5 0

Answer:

C. DEBIT TO SALES RETURNS

D. CREDIT TO ACCOUNTS RECEIVABLE

Explanation:

The journal entry to record the May 15 transaction is shown below:

Sales return and allowance A/c Dr $40,000

                     To Accounts receivable $40,000

(Being sales return is recorded)

For recording the given transaction we debited the sales return and credited the account receivable. Both are recorded for $40,000

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Ms. Marilynn Castillo is a marketing manager at Gordon Corp. She debates whether or not to conduct a marketing research study be
Ipatiy [6.2K]

Answer:

The correct answer is letter "B": cost-benefit assessment.

Explanation:

Cost-benefit assessment implies analyzing what the costs and benefits of engaging in business are. The approach aims to minimize losses and maximize benefits. It does not necessarily imply there are not going to be losses during the business cycle but could reduce them as much as possible.

3 0
3 years ago
Economan has been infected by the free enterprise bug. He sets up a firm on extraterrestrial affairs. The rent of the building i
monitta

Answer:

There are two types of profit and costs in nay business, which are accounting costs/profit and the economic costs/profits.

Accounting costs include everything that is tangible or the monetary costs a firm pays, while the economic costs include the cost which is intangible(Opportunity costs) as well as tangible.

Here in this question, the profit of the firm therefore is,

a. From an accountant;s definition = 130000-(6000+42000+7000) = 75000.

b. From an economist's definition = 130000-(6000+42000+7000+65000+6000) = 4000.

Hope this helps you. Thankyou.

7 0
2 years ago
Read 2 more answers
Pls help me!! And thank you so much
marshall27 [118]
The answer will be C

i hope this helps
3 0
3 years ago
Read 2 more answers
An alumnus of West Virginia University wishes to start an endowment that will provide scholarship money of $40,000 per year begi
olga55 [171]

Answer:

A

Explanation:

Present value of a  perpetuality = amount / interest rate

= $40,000 / 0.08 = $500,000

Let D denote denote denotions

D + \frac{D}{1 + 0.8}  + \frac{D}{1.08^{2} } = $500,000

D = $190.820.

3 0
3 years ago
The following table shows data on consumption, Investments, exports, imports, and government expenditures for the United States
zysi [14]

Answer:

Net export of goods and services equals -$578.4 billion(its in negative)

While Gross Domestic Product is $19,485.4 billion

Explanation:

Formula for Gross Domestic Product (GDP) using expenditure approach is

C + I + G + (X-M)

where (X-M) is the net exports of goods and services.

C is consumption

I is Investment

G is government spending or purchases

X is the total exports

M is the total imports

The first question find net exports of goods and services

Net export = export (X) - import(M)

$2,350.2 - $2,928.6

= -$578.4 billion

The second question which is calculation of GDP is

$13,321.4 + $3,368.0 + $3,374.4 + $2,350.2 - $2,928.6

=$19,485.4

7 0
3 years ago
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