The entries are as follows
<u>To record estimated returns on Sales</u>
Debit: Sales Refund Payable Account $142,800
Credit: Accounts Receivables $142,800
<u>To record estimated Cost of Sales returns</u>
Debit: Inventory Returns Estimated Account $85,400
Credit: Inventory on Sales on Returns $85,400
<u>Explanation:</u>
<u>To derive the figure for Sales Refund payable for the year</u>
7% of $2,040,000
=7/100*2040000= $142,800
<u>To derive the figure for Inventory cost on Sales Refund payable for the year
</u>
7% of $1,220,000
=7/100*1220000
= $85400
Answer:
=2983.25
Explanation:
In calculating the inventory on raw materials you will have to Add together the original value of raw materials, the works in progress if any and finished goods to get starting total inventory.
The solution to the question can be calculated like this:
EOQ=
EOQ=268.328
EOQ+SAFETY STOCK=268.328+30
=298.325
VALUE=298.325*10
=2983.25
Anita should consider regional funds as the ideal type of international investment to invest in Nigeria's natural resources.
<h3 /><h3>What are regional funds?</h3>
It corresponds to a specific type of investment in securities in a location, it is managed by managers on a mutual basis, with a wide range of operations that are beyond its location.
Therefore, regional funds represent a safer alternative for investing in other countries, as their management is geared towards this end, with greater security and control as they are mutual funds.
Find out more about regional funds on:
brainly.com/question/4521829
#SPJ1
Answer:
Consider the following calculations
Explanation:
Fixed Cost = 60*50%*10000 = $300000
Variable Cost per unit = 60*50% = $30 per unit
Previous Total Cost Per Unit = $60 per unit
New Total Cost per unit = Fixed Cost + Variable Cost
= 300000 + (10500*30)
= 300000 + 315000
= $615000
New Total Cost per unit = 615000/10500
= $58.57 per unit
..
Note:-
Fixed cost will remain unchanged irrespective of the increase in the production in units.So total cost per unit decrease.We can see the above effect.