Answer:
b) Debit Sales Returns and Allowances $2,300 and credit Accounts Receivable $2,300 in the general journal.
Explanation:
When goods were sold on account, Accounts receivables is debited, and Sales is credited. When goods are returned, Sales Return & Allowances is debited, and Accounts receivables is credited.
Thus, the entry will include Debit in Sales Returns and Allowances $2,300 and Credit in Accounts Receivable $2,300
Answer:
12%
Explanation:
Calculation for the division's return on investment
Using this formula
Return On Investment = Operating income /Average total assets
Let plug in the formula
Return on investment= $636,000/$5,300,000
Return on investment= 0.12*100
Return on investment=12%
Therefore the division's return on investment will be $12%
Answer:
Enforceable
Explanation:
Statute of frauds are legal requirements that a contract must have before it is considered to be enforceable.
Normally written contracts are required for transactions that are above $500, for sale of land, and transctions that last one year or longer.
The contract amount in the given scenario is (1000 pencils * $0.25) = $250
This amount falls below what is required for a written agreement. So an oral agreement can suffice in this case.
The contract is enforceable
Answer:
Depending on the reason why Sidney requested the appraisal, she has two options:
- If Sidney got the appraisal because she thought her property taxes were too high, she can file a complaint with her local board of assessment review (BAR) in order to get her taxes reduced.
- Or if Sidney wants to sell her house she could appeal the appraisal amount and request a reconsideration of value.
If you had a put option on the primary of the month with an exercise rate of $18 and if the option also expires on the first, the fee of the choice might be: increase
A put option offers you the proper, but no longer the responsibility, to promote an inventory at a specific rate (known as the strike charge) by way of a particular time – at the choice's expiration. For this right, the put buyer can pay the seller an amount of cash referred to as a premium.
An instance of a put option: by purchasing a positioned option for $five, you now have the right to promote 100 shares at $a hundred in step with share. If the ABC organization's stock drops to $80 then you may exercise the option and sell a hundred shares at $100 according to proportion resulting in a complete profit of $1,500.
A put option is an agreement that offers its holder the proper to promote a number of fairness shares at the strike price, earlier than the option's expiry. If an investor owns stocks of stock and owns a placed choice, the option is exercised while the stock fee falls under the strike price.
Learn more about put option here: brainly.com/question/4490636
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