Answer:
Aria Perfume, Inc.
There are two performance obligations involved in each sale of a box of soap.
Explanation:
a) Data and Calculations:
Number of boxes of white musk soap sold during January 2021 = 3,210
Sales price per box = $90
Performance Obligations:
Sale of box = $87.30 (97%)
Refund for returned boxes = $2.70 (3%)
Total Sales revenue to be accounted for = $280,233
Total refund expense to be accounted for = $8,667
Cash receipts should total = $288,900
b) The performance obligations are for the sale of a box of soap (97%) and refund (3%). With a sales price of $90 per box, the sales obligation should be $87.30 per box, while the refund obligation has $2.70 per box, which must be provided and accounted for separately.
Answer:
Debt is something, usually money, borrowed by one party from another. ... A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.
Answer:
industry conditions tempt competitors to use price cuts or other competitive weapons to boost unit volume.
Explanation:
Rivalry refers to the competitions that take place among firms in an industry with the aim of capturing greater market share
rivalry is influenced by :
1. barriers to entry :
If barriers to entry is high, there would be few firms competing for customers, so there would less intense rivalry
2. differentiation of goods in the industry :
If goods are differentiated, goods are unique from that of competitors. so there would be less need for intense rivalry
Answer:
$28,800
Explanation:
I will just assume that there are three equal annual principal payments of $480,000. If we use $550,000, the total principal would = $1,650,000.
accrued interests from September to December = principal x (9%/12) x 4 months
principal = $480,000 x 2 = $960,000
accrued interest payable = $960,000 x 0.75% x 4 = $28,800
Answer: "If the actual loss of a Process is less than that of expected loss then the difference between the two will be treated as abnormal gain. In another way we can define it as the difference between actual production and expected production."
Explanation:
