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Ulleksa [173]
2 years ago
12

Joanna, a member, is a sole proprietor that specializes in data processing system design and installation. To facilitate her wor

k and provide additional service to her clients, Joanna purchases various products for sale to her clients. Joanna takes title to the products and assumes all of the risks of ownership. The profit on the sale of these products to her clients is: a) a referral fee b) a commission c) not allowed d) None of the above
Business
1 answer:
a_sh-v [17]2 years ago
3 0

Answer: d) None of the above

Explanation:

The profit on the sale is not a referral fee as Joanna did not facilitate a transaction between her clients and the people she bought the products for.

It is not a commission either because it is not a percentage of the products price earned as an incentive or extra fee for selling the products.

Her selling these products is allowed.

The answer is therefore None of the Above.

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3 years ago
At the beginning of the year, Plummer's Sports Center bought three used fitness machines from Brunswick Corporation. The machine
garri49 [273]

Answer:

(i) $14,000

(ii) $32,000

(iii) $10,000

Explanation:

Cost of the machine that is recorded in the books of accounts is the total cost incurred to make the machine useful and useable.

Cost for each machine:

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Therefore,

Cost of Machine A = 11,000 + 500 + 2,500

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Cost of Machine B = 30,000 + 1,000 + 1,000

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Cost of Machine C = 8000 + 500 + 1500

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7 0
3 years ago
How can Jude, a high-end automobile dealer, decide whether to grant one of his potential customers credit?
morpeh [17]

Answer:

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5 0
3 years ago
During 2017, Ziplock Manufacturing expected Job No. 89 to cost $700,000 in overhead, $1,000,000 in direct materials, and $500,00
irga5000 [103]

Answer:

a. not able to be determined from the provided information.

Explanation:

For determining the over applied or under applied, first, we have to compute the predetermined rate based on the direct material cost which is  

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= $0.70

Now the applied overhead is  

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= $840,000

And, the actual overhead amount is not given by which we can find out the underapplied or overapplied overhead amount

So, in this case, the correct option is a.

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