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Orlov [11]
3 years ago
14

Assume the following data for Casper Company before its year-end adjustments:

Business
1 answer:
Ratling [72]3 years ago
5 0

Answer:

a. Journalize the adjusting entry for the estimated customer allowances.

  • Dr Sales returns and allowances 10,500
  •     Cr Customer refunds payable 10,500

The adjusting entry should = total sales x estimated percent of returns = $1,750,000 x 0.6% = $10,500

b. Journalize the adjusting entry for the estimated customer returns.

  • Dr Estimated returns inventory 8,000
  •     Cr Cost of merchandise sold 8,000

This amount is given in the question, $8,000, so you need to record it as a decrease in COGS and an increase in returns inventory.

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Suppose this monopolist can price discriminate across its customers and sets 2 prices in the market. Let P M represent the stand
Orlov [11]

Answer:

hello your question is incomplete attached below is the missing part

answer: Pd = 1658 , Qd = 42

Explanation:

The monopolist will choose a discount price of ( Pd ) = 1658 and sell 42 units of the good in the discount market

since the standard price is at $1800 and the Qm ( standard monopoly quantity) is at 200 for the Monopoly to be profitable the amount of good to be sold to customers with reservation prices greater than or equal to standard price should be greater than the good offered at discount price and also the discount price after using a coupon should be lower than the standard price (Pm)

5 0
3 years ago
When a person receives an increase in wealth, what is likely to happen to consumption and saving?
Arturiano [62]

When a person receives an increase in wealth, Consumption increases and saving decreases

Both present and future consumption rises as a consumer's current income does as well. Savings increase because current spending increases but does so at a slower rate than current income growth. Again, both present and future consumption rises when the customer receives an increase in predicted future income.

Savings declines because current consumption rises while current income does not. Current and future consumption both grow when the consumer's wealth increases. Again, because current income has not increased, saving has decreased. These individual actions to adjust one's consumption and saving habits have a cumulative effect on the aggregate amount of desired consumption and saving.

To learn more about consumption here,

brainly.com/question/14975005

#SPJ4

8 0
2 years ago
Identity errors, incorrect account details, and fraudulent accounts are the most common credit report errors. What should you do
Lostsunrise [7]

Answer:

The correct answer is letter "A": You should dispute the error with a credit agency or with a bank/lender and locate any receipts or other written proof that the data is not correct.

Explanation:

It is important to review your credit report frequently to spot errors. In such cases, you must the corresponding financial institutions to make the corrections necessary. If proof is needed you should send it. The objective is to <em>keep your information as accurate as possible</em> so your credit rating can increase every year.

4 0
3 years ago
Flagstaff Company has budgeted production units of 8,500 for July and 8,700 for August. The direct materials requirement per uni
baherus [9]

Answer:

17,080 ounces.

Explanation:

Given that,

Budgeted production = 8,500

Raw material required per unit = 2 ounces

Opening inventory  = 3,400

Direct material to be purchased:

= (Budgeted production × Raw material required per unit) + Closing inventory - Opening inventory

= (8,500 × 2 ounces) + (20% × 8,700 × 2) - 3,400

= 17,000 + 3,480 - 3,400

= 17,080 ounces.

5 0
3 years ago
Select the examples that best demonstrate likely tasks for Family and Community Services workers. Check all that apply.
rewona [7]

Answer:

c d and e is your answer

Explanation:

4 0
3 years ago
Read 2 more answers
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