Answer:
Journal Entry
Explanation:
Cash Dr, $63,360
Loss on sale receivable Dr, $6,640
Receivable from factor Dr, $6,200
To resource liability $4,200
To Accounts receivable $72,000
(Being transfer on the books of Mountain High is recorded)
Working Note :-
2% × $72,000 = $1,440
Cash = ($72,000 × 0.90) - ($72,000 × 0.02)
= $64,800 - $1,440
= $63,360
Loss on sale receivable = ($4,200 + $72,000) - ($63,360 + $6,200)
= $76,200 - $69,560
= $6,640
Answer:
The correct answer is letter "A": Neither Italy or New Zealand.
Explanation:
Comparative advantage is the ability of an individual or organization to manufacture its products at a lower opportunity cost than its competitors. The scenario does not imply the individual has an absolute advantage. It actually means it sacrifices less to achieve that goal.
Thus, <em>Portugal has a lower opportunity cost than Italy in producing a bottle of wine. Portugal's opportunity cost is 1/2 while Italy's opportunity cost is 2. Neither Italy or New Zealand (or any other country not mentioned in the example) has a comparative advantage in producing wine</em>.
Amazon is currently the most accomplished business because of it has mastered ecommerce. Through providing exclusive offers for their special or Prime subscription members, the company remains above its competitors. Their unique mobile app, ideal shipping deals, and wide entertainment provisions have become essential parts of the business's supply chain integration. Amazon then uses ecommerce in its growth and development by continuously acting upon its sales goals. It also keeps creative in becoming more technologically equipped than its rivals.
1. If you have an item which you want to sell, make sure that you sell it for something more that what you bought it.
2. The items you are selling, sell them for a good price. If you go too expensive, no body will buy. But if you go cheap and easy, everyone will come to you.
3. when you have successfully started getting people to constantly buy your products, make your prices go higher slowly slowly.
4. Always make sure, the products you are selling are in good quality and are not... ruined in any way.
That's all the ideas I have. Hope it helped.
Solution :
1. Allocation on the basis of 
LX EX
Direct Material 125000 90000
Direct 
cost 90000 60000
Manufacturing overhead 
(202500/5000 x 2000) (202500/5000 x 3000)
Total cost 296000 271500
Units produced 50 30
Cost per unit 5920 9050
2. Allocation on the basis of 
:
LX EX
Direct Material 125000 90000
Direct labor cost 90000 60000
Manufacturing overhead 121500 81000
(202500/150000 x 90000) (202500/150000 x 60000)
Total cost 336500 231000
Units produced 50 30
Cost per unit 6730 7700
3. Allocation on the basis of 
LX EX
Direct Material 125000 90000
Direct labor cost 90000 60000
Manufacturing overhead 112500 90000
(202500/2700 x 1500) (202500/2700 x 1200)
Total cost 327500 240000
Units produced 50 30
Cost per unit 6550 8000
