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makkiz [27]
3 years ago
11

Journal EntryThe company has an unadjusted debit balance in Accounts Receivable of $25,000 and an unadjusted credit balance of $

10 in Allowance for Sales Discounts as of December 31. Of the $25,000 of receivables, $10,000 are within a 2% discount period that the company expects the buyers to take. Complete the related adjusting entry by selecting the account names and dollar amounts from the drop-down menus.Complete the necessary adjusting entry by selecting the account names and dollar amounts from the drop-down menus. (Pay attention to the date set forth below.)
Business
1 answer:
Mkey [24]3 years ago
3 0

Answer:

Sales Discounts 190 debit

   Allowance for Sales Discounts  190 credit

Explanation:

From the current accounts receivable, the company has 10,000 within discount period and t expect the customer will take them so:

10,000 x 2% = 200 expected discount

currenly the accouting balance for the expected discount is 10 so:

200 - 10 = 190 allowance for sales discounts adjustment.

Remember we do this adjustment to match the expenses or discount withthe period they are generated. Not doing so, will imput discount to the next period for transaction which occurs in the current one.

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In the Solow growth model, where s is the saving rate, y is output per worker, and i is investment per worker, consumption per w
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Answer:

A. (1 – s)y.

Explanation:

Solow growth model describes  how saving, population growth, and technological change affect output over time and describes changes in the economy over time.

In the Solow growth model, where s is the saving rate, y is output per worker, and i is investment per worker, consumption per worker (c) equals:(1 – s)y

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Using __________, trained researchers ask questions, listen to and record the answers, and then pose additional questions to cla
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Can be experiments or observation
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The implementation of strategies in an organization should happen largely through tactical planning. This means that _____ in ea
natima [27]

Answer:

B. middle managers

Explanation:

Middle managers and lower managers are responsible for implementation of the organization's strategies. However, middle managers are  in charge of the lower level managers and the former report to the top-level managers. Top level managers on the other hand are usually responsible for broad strategic planning that covers huge investment decisions, company polices and strategic alliances; they determine the trajectory of the company.

5 0
3 years ago
A company incurs $4,050,000 of overhead each year in three departments: Ordering and Receiving, Mixing, and Testing. The company
MrRa [10]

Answer:

c) $2,760,000

Explanation:

Computation of the amount of overhead assigned to Slime.

First step

Ordering and Receiving=Cost/Expected use of Driver×Additional Expected use of Driver

$1,200,000/2,000×1,600

=600×1,600

=$960,000

Mixing= Cost/Expected use of Driver×Additional Expected use of Driver

=1,500,000/50,000×30,000

=30×30,000

=$900,000

Testing=Cost/Expected use of Driver×Additional Expected use of Driver

= 1,350,000/1,500×1,000

=900×1,000

=$900,000

Second step

Addition of the total of :

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Mixing $900,000

Testing $900,000

=$2,760,000

Therefore the amount of overhead assigned to Slime will be $2,760,000

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3 years ago
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