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3 years ago

Suppose that you are given the following information:

Business

1 answer:

Phoenix [80]3 years ago

5 0

Answer:

a) 406200000

b) 7500000 and 5.36%

c) 0.7

Explanation:

please find the attached file

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Shaw Company sells goods that cost $300,000 to Ricard Company for $410,000 on January 2, 2017. The sales price includes an insta

arlik [135]

Answer:

Explanation:

a. The journal entries are shown below:

Accounts receivable A/c Dr $410,000

To Sales revenue A/c $370,000

To Unearned service revenue A/c $40,000

(Being the sale is recorded)

Cost of goods sold A/c Dr $300,000

To Merchandise inventory A/c $300,000

(Being inventory is sold at cost)

b. The recognized revenue would be

Sales revenue $370,000

Service revenue $20,000

Total revenue $390,000

The service revenue would be

= $40,000 × 3 months ÷ 6 months

= $20,000

And, the 3 months is computed from January 2 to March 31

5 0

3 years ago

From 1960 until 2012, the long-run average rate of inflation in the united states was

o-na [289]

The average is about 3 percent I got to say thats good

6 0

3 years ago

For the year, Wilson Manufacturing, Inc. increased its current assets by $62,000, decreased its current liabilities by $55,000,

Oksana_A [137]

Answer:

investment cash flow is $19,000

Explanation:

given data

current assets = $62,000

current liabilities = $55,000

fixed assets = $19,000

to find out

investment cash flow for the year

solution

as we know that cash flows increase or decrease as the result of change in the fixed assets is consider to be cash flows by investment activities

and Changes in working capital cash flow is operating cash flows not investment cash flows

so we can say that

investment cash flow is $19,000

8 0

3 years ago

A company uses the following standard costs to produce a single unit of output. Direct materials 7 pounds at $0.60 per pound = $

Naddika [18.5K]

Answer:

Direct material price variance= $20,100 unfavorable.

Explanation:

Giving the following information:

Direct materials 7 pounds at $0.60 per pound = $ 4.20

During the latest month, the company purchased and used 67,000 pounds of direct materials for $.90 per pound to produce 10,000 units of output.

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (0.60 - 0.90)*67,000= $20,100 unfavorable.

7 0

4 years ago

If a student attends every management science class, the probability of passing the course is 0.80; but if the student only atte

goldfiish [28.3K]

Answer:

EV of node 4 = 0.6×5 + 0.4×0 = 3

EV of node 5 = 0.1×5 + 0.9×0 = 0.5

EV of node 2 = (0.8×5 + 0.2×EV of node 4) - 3

EV of node 2 = (0.8×5 + 0.2×3 ) - 3

EV of node 2 = 4.6 - 3

EV of node 2 = 1.6

EV of node 3 = (0.5×5 + 0.5×EV of node 5) - 1

EV of node 3 = (0.5×5 + 0.5×0.5 ) - 1

EV of node 3 = 2.75 - 1

EV of node 3 = 1.75

EV of node 3 is higher, therefore, best attend pattern is to attend randomly.

4 0

4 years ago