Answer:
Mel, an agent for a dress shop, orders one hundred dresses from SAG Manufacturing for the April Sale. There is no specific agreement in the sale contract indicating when title will pass to the department store. The title will pass to the department store when
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c. SAG physically delivers the dresses to the department store. IF THERE IS NO EXPLICIT AGREEMENT REGARDING WHEN TITLE PASSES, TITLE OF THE GOODS WILL PASS WHEN THE SELLER COMPLETES DELIVERY OF THE GOODS.
Frank contracts with Bumper Cars, Inc. to buy five bumper cars. The contract lists the five cars as BC001, BC002, BC003, BC004, BC005. Identification
- b. has taken place. SINCE THE GOODS HAVE ALREADY BEEN MARKED AND DESIGNATED, IDENTIFICATION HAS TAKEN PLACE.
Olga’s Clothing Store contracts to buy forty men’s suits from Louie’s Manufacturing, Inc. Unless the contract states otherwise, it is assumed to be
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c. a shipment contract. A SHIPMENT CONTRACT REFERS TO A CONTRACT WHERE THE SELLER IS AUTHORIZED TO DELIVER THE PASS THE GOODS TO THE BUYER BUT A DELIVERY POINT HAS NOT BEEN SPECIFIED, THEREFORE, TITLE PASSES AT THE POINT OF SHIPMENT.
Direct materials. This is the cost of the materials which become part of the finished product
Direct labor
<span>Factory overhead or manufacturing overhead
</span>
Answer:
What is allowance for doubtful debt?
This represents management's estimate of the amount of accounts receivable that will not be paid by customers. They are amount owed by debtors, whose likelihood of collection is not certain.
1 Bad debts expense Dr ($18,000 × 0.25%) $45
To Allowance for Doubtful Accounts $45
(Being the bad debt expense is recorded)
2. Bad debts expense $45
($72 - $27)
To Allowance for Doubtful Accounts $45
(Being the bad debt expense is recorded)
3 Bad debts expense $105
($72 + $33)
To Allowance for Doubtful Accounts $105
(Being the bad debt expense is recorded)
4 Allowance for Doubtful Accounts $15
To Accounts Receivable $15
(Being the allowance for doubtful accounts is recorded)
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Explanation:
Answer:
4.82%
Explanation:
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid
r = cost of equity
g = growth rate
77 = 5.37 / (0.118 - g)
77(0.118 - g) =5.37
(0.118 - g) = 5.37 / 77
(0.118 - g) = 0.069740
g = 0.118 - 0.069740
g = 0.04826
g = 4.82%
The answer to this question is Bring Your
Own Device or also known as (BYOT).
<span>Bring your own device is allowing employees or
workers to bring their own gadgets like laptop, tablets, mobile phones (smart
phones) in the work area to be used at work and connect to the company network,
internet, and office applications while working. The benefits of this policy
are that it can lower the cost of the company to purchase computers and it also
can increase productivity of employees. </span>