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nasty-shy [4]
2 years ago
10

Merry Maidens Cleaning generally charges $260 for a detailed cleaning of a normal-size home. However, to generate additional bus

iness, Merry Maidens is offering a new-customer discount of 10%. On May 1, Ms. E. Pearson has Merry Maidens clean her house and pays cash equal to the discounted price. Required: Record the revenue earned by Merry Maidens Cleaning on May 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Business
2 answers:
kiruha [24]2 years ago
6 0

Answer: $234

Explanation:

SOVA2 [1]2 years ago
6 0

Answer:

cash         234 debit

    services revenue     234 credit

Explanation:

As Merry provided a 10% discount of her revenue for Merry will be net of discounts:

260 x (1 - 10% ) = 234

We do not use the discount account  as these contract was made for 234 it wasn't stated in an invoice Merry do not grant credit term it lowers their price 10%

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2 years ago
Packaging and labeling not only provides benefits for the consumer, but if done successfully in a way that puts a firm in a favo
Black_prince [1.1K]

Packaging and labeling, in addition to benefiting the final consumers, also provides a <u>competitive advantage</u> for the firm.

<h3>What are packaging and labeling?</h3>

Packaging and labeling are the processes of designing and developing suitable packages for the enclosure of products and providing some instructions and suggestions for product usage.

While packaging focuses on the product's appearance, labeling is mainly concerned with the product's description.

Thus, packaging and labeling, in addition to benefiting the final consumers, also provides a <u>competitive advantage</u> for the firm.

Learn more about packaging and labeling at brainly.com/question/25909529

6 0
2 years ago
Margin of safety is computed as: a. Actual sales - Break-even sales. b. Contribution margin - Fixed costs. c. Break-even sales -
Vera_Pavlovna [14]

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A. Actual Sales - Break-even sales

Explanation:

In business studies, Margin of safety (MOS) is the difference between actual/projected/budgeted sales and the level of break even sales. It is calculated by subtracting break even sales from projected or budgeted sales.

It is usually calculated by a company to know the level of percentage by which sales can drop in that company, before they start incurring losses. IT IS A MEASURE OF BUSINESS RISK.

3 0
2 years ago
Benton Engineering Services Company incurred the following during 2016 Direct labor $94,000 Overhead 126,000 Selling expenses 11
Galina-37 [17]

Answer:

Prime cost = $94,000

<em>Conversion cost</em> =  $135,400.

Explanation:

<em>Prime cost is the addition of direct material cost , direct labor cost and direct expenses.</em>

<em>Conversion cost is the cost of converting raw materials into finished product. It s the sum of direct labour cost and production overheads.</em>

For Bento Engineering,

<em>Prime cost = direct labour cost  (since no figure is given for direct material and direct expenses.)</em>

Prime cost = $94,000

Conversion cost = Direct labour cost + overheads

<em>Conversion cost</em> = $94,000 + 126,000

                          =  $135,400.

Prime cost = $94,000

<em>Conversion cost</em> =  $135,400.

8 0
2 years ago
BlendedBlended Corporation uses the allowance method to account for uncollectible receivables. At the beginning of the​ year, Al
ehidna [41]

Answer:

The answer is: $2,300

Explanation:

To determine the ending balance of the account Allowance for Bad Debts of Blended Corporation, we can use the following formula:

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