Answer:
a. Dr Sales $619,200
Cr Customer Refunds Payable $619,200
b. Dr Estimated Returns Inventory $400,000
Cr Cost of Merchandise Sold $400,000
Explanation:
a. Preparation of the journal entry to record Estimated customer refunds and allowances
Dr Sales $619,200
($51,600,000 × 1.2%)
Cr Customer Refunds Payable $619,200
(To record Estimated customer refunds and allowances )
b. Preparation of the journal entry to Estimated customer returns
Dr Estimated Returns Inventory $400,000
Cr Cost of Merchandise Sold $400,000
(To record Estimated customer returns)
Answer:
21.45%
Explanation:
The computation of the research and development expense is shown below:
= Research and development ÷ Revenues × 100
= $12,740 ÷ $59,387 × 100
= 21.45%
In a common size income statement, each item is proportionate to the sales value that means the numerator will be the item and the denominator would be sales revenue.
All other information which is given is not relevant. Hence, ignored it
The answer to this question is the clean air act. The clean air act or CAA is a law which regulates the air emissions from sources like cars, factories, etc. The clean air act prevents air pollution and makes it a point that we will have a clean air for everybody's benefit.
She/they and Slytherin sometimes ravenclaw
The answer property right. The property rights denote to the theoretic and legal proprietorship of precise property by personalities and the capability to define how such belongings is used. In many countries, together with the united states individuals usually exercise private property rights which is the rights of private persons to mount up, hold, delegate, rent or sell their property. In economics, property privileges form the basis for all market altercation and the distribution of property rights in a civilization affects the competence of reserve use.