Answer:
C) Overapplied overhead
Explanation:
The ending balance of $8,000 represents the overhead overapplied as the credit side is more than the debit side related to production i.e as the credit side is $167,000 and the debit side is $159,000 so the credit side is greater than the $8,000
Therefore the correct option is c.
Hence, the other options are wrong
Your total promotion budget would be 2300 i guess
Answer: Please see explanation column for answers
Explanation:
A) Amount refund owed to customer=
Sale of item - discount on item
=$28000- ($28000 x 2%) = $27,440
B)Journal of the entries made by the seller to record refund
Dr Sales Returned and allowances - $28,000
Cr Sales Discount $560
Cr Cash $27,440
c) Journal of the entries made by the seller to record return of merchandise
Cr Merchandise Inventory-$16,800
Dr Cost of Merchandise Sold -$16,800
Answer:
See the attached photo for the graph for the loanable funds market
Explanation:
Note: See the attached photo for the graph for the loanable funds market to represent this scenario.
In the attached photo, the equilibrium quantity of loanable funds is on the horizontal axis, while the interest rate is on the vertical axis.
The graph shows that there is a positive relationship between the equilibrium quantity of loanable funds and the interest rate. That is, as the interest rate rises, the equilibrium quantity of loanable funds also rises.
<span>You cannot apply the IRR rule in this case.</span>