Answer: See explanation
Explanation:
The year-end adjusting entry to record the cost side of sales returns and allowances will be:
Dr Inventory Return estimated $3200
Cr Cost of goods sold $3200
(To record expected coat of returns)
Note that the above calculation was done as:
= $64,000 × 5%
= $64,000 × 0.05
= $3200
Answer:
It allowed pre-emptive identification of problems to minimize the impact on customers.
Answer:
<h2>
Value of X = 1</h2>
<h2>
Value of y = 3</h2>
Solution,
Using substitution method,
y + x = 4
Move 'x' to the left hand side and change its sign:
y = 4 - x --------> equation (i)
Now,
2y - X = 5
putting the value of y from equation (i)
2( 4 - x ) - X = 5
8 - 2x - x = 5
8 - 3x = 5
- 3x = 5 - 8
- 3x = - 3
The difference sign (-) will be cancelled in both sides
3x = 3
3x/3 = 3/3
X = 1
Value of X is 1
Now, replacing the value of X in equation (i)
y = 4 - x
= 4 - 1
= 3
Value of y is 3
Hope this helps...
Good luck on your assignment...
Answer:
In order to determine the Macauly we must complete the following table:
period cash flow PV of Period x
cash flow PV cash flow
1 $3 $2.91 $2.91
2 $3 $2.83 $5.66
3 $3 $2.75 $8.25
4 $3 $2.67 $10.68
5 $3 $2.59 $12.95
6 $3 $2.51 $15.06
7 $3 $2.44 $17.08
8 $103 $81.31 $650.48
Total $723.07
Macauly duration = $723.07 / $87 = 8.31
Modified Macauly duration = Macauly duration / (1 + r) = 8.31 / 1.03 = 8.07
