Option B is the correct answer.
When sugar is exposed to heat, the first thing to occur is that the sugar melts into a thick syrup.
When sugar is put on a heat, and it reaches a temperature of 320 degree F or 160 degree C, the sugar starts to melt. The solid crystals of sugar begin to melt at this temperature. Sugar crystals join together to form a thick caramelized syrup. After more heating, it will change the color to light brown.
Answer:
Soundgarden Company
Journal Entries:
July 10, 2020:
Debit Cash Account (or Accounts Receivable) $800,000
Credit Sales Revenue $800,000
To record the sale of 200 copiers at $4,000 apiece.
July 10, 2020:
Debit Warranty Expense $66,000
Credit Warranty Liability $66,000
To record the estimated warranty maintenance on copiers sold.
December 31:
Debit Warranty Liability $17,000
Credit Inventory $17,000
To record actual warranty costs incurred.
Explanation:
Soundgarden should record these transactions according to the matching principle, whereby warranty expense is recognized in the period that matches the sale so that all expenses related to sales are recognized when the sales are recognized. This is achieved by creating a warranty liability account after the sales and recording a warranty expense as the debit entry. When actual warranty costs are incurred, the Soundgarden Company will debit the warranty liability and credit the inventory actual for the actual costs.
Answer:
The amount to be repot is $1,450,000
Explanation:
in this question, we are asked to calculate the amount of selling expenses to be recorded in the company’s consolidated income statement for that year.
To answer this question, we employ a mathematical approach;
Mathematically;
Selling expenses = Total expenses - Contra Expenses
from the question, we identify that total expenses is (1,100,000 + 400,000) = $1,500,000
Contra expenses = $50,000
The selling expenses is thus; 1,500,000 - 50,000 = $1,450,000
Answer:
Effect on income= $10,290 increase
Explanation:
Giving the following information:
Falcon can handle the special order, and for this order, a variable selling cost of <u>$2 per unit would be eliminated.</u>
<u>Because it is a special order that would not affect current sales, we won't take into consideration the fixed costs.</u>
<u></u>
<u>To calculate the effect on income, we need to use the following formula:</u>
Effect on income= Number of units sold*unitary contribution margin
Effect on income= 1,470*(21 - 14)
Effect on income= $10,290 increase
Answer:
Disability
Explanation:
Disability insurance offers protection against the loss of income due to disability or sickness. This insurance policy provides income to the insured if they are unable to work as a result of a disability or serious illness. Disability insurance coverage is available from private insurance companies and government-backed programs.
