Answer:
B. Refunds Payable 1,000 Accounts Receivable 1000
Explanation:
Since the given transactions made on credit basis, so there is no role of cash.
Hence, no cash entry would be recorded
Moreover, the sales allowance is granted for $1,000 which reduce the account receive balance so we credited this account and the goods are damaged so we debited the refund payable account
Hence, the entry would be
Refunds Payable $1,000
Accounts Receivable $1,000
(Being the sales allowance is recorded)
Answer:
Percent of sales
Explanation:
A pro forma invoice contains a description of goods and services that is being provided by the supplier.
It is sent to the buyer before shipment of the product.
The pro forma invoice also contains information like the eight of the good and shipping cost.
The percentage of sale method of preparing pro forma invoice focuses on the amount of funding that is required to increase sales.
This method forecasts sales and values for the cost of goods sold, operating expenses, and interest expense that are expressed as a ratio of projected sales.
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Each stroller requires eight screws. For September, Beloved Baby Company will begin September with 380 screws in its beginning inventory, and budgets ending inventory to be 210. Beloved Baby Company has budgeted stroller sales of 530 strollers, while 570 strollers are scheduled to be produced
Production= 570*8= 4560
Ending inventory= 210
Beginning inventory= 380 (-)
Total= 4,390
Answer:
you see if i were mary
Explanation:
i would just restart my whole life and take all the negitive things out of my life and focus on the positive. she should keep her house and still continue to work
<span>Which of the following best describes how auto insurance companies manage risk? Auto insurance companies will charge rates based on what they think is appropriate in regards to how likely you are to file a claim. They take into account many factors that will relate to filing a claim in the future and what you have done in the past. By evaluating these, they are determining the risk and how to manage it. </span>
