Answer:
Aug 6. Dr cash $14,000
Cr Sales $14,000
Aug,6 Dr Cost of goods sold $8,400
Cr Merchandise inventory $8,400
August 12
Dr Sales returns $1,560
Cr Cash $1,560
August 12
Dr Merchandise inventory $936
Cr Cost of goods sold $936
Explanation:
In the first place,the goods sold for cash of $14,000 means that cash account is debited and sales is credited with $14,000
However,with respect to cost of goods sold,there would a debit of $8,400 and credit of the same amount to merchandise inventory.
The goods returned returned would necessitate debit of sales return with $1,560 and credit to cash of the same amount.
The cost of goods returned is $936 ($1,560*$8400/$14,000) should debited to merchandise inventory and a credit to costs of good sold
Answer:
Substitute product
Explanation:
Since Alison uses an eco-friendly Seventh Generation brand diapers which was currently unavailable in the local grocery store, she substituted with the regular Pampers diaper brand.
She substitutes her priority brand over what she could supplement it with in the time of need.
Substitute goods are those which can be replaced with a comparable product similar to the one in current use.
Answer:
$9,900
Explanation:
The double-declining method is an accelerating approach to accounting for depreciation. The method uses twice the rate of the straight-line depreciation method. For central supply, the straight-line depreciation rate will be.
Useful- life 9 years, the rate will 1/9 x 100
=11.11 %
Double declining method = 11 % x 2 = 22%
the Depreciable amount equal to asset cost minus salvage value
=$45,000 -$4500
=$40,500
Depreciation is done up to the salvage value.
The first-year depreciation will be 22% of the book value( the cost price)
=22% of $45,000
=22/100 x $45,000
=$9,900
It's a federal tax in the U.S. that must be paid by both employees and employers in order to fund both Social Secrity and Medicare. Hope this helps.
The correct answer for the question is (D) he should enroll in a bachelor’s degree program at a university and seek an apprenticeship with someone in the field.
Nicholas needs to do this since to get a job as a Probation Officer, he needs to at least have a Bachelor’s degree in sociology, psychology, or criminal justice. After attaining any of these qualifications, he can seek apprenticeship before finally attaining a position as a Probation Officer.
