Answer:
debit to Accounts Receivable for $3,500 credit to Sales for $3,430
Explanation:
Merchandise with a sales price of $3,500 is sold on account with terms 2/10, n/60. The journal entry to record the sale would include a debit to Accounts Receivable for $3,500 credit to Sales for $3,430.
Since the goods were sold on account, it means that it was sold on credit and an entry to cash will be a wrong entry. The right Journal entry will be a debit to accounts receivable for the total amount and a credit to sales for the total amount less the proposed discount amount of 2%
Answer:
Cash in-flow in the last year.
Explanation:
Salvage value, also known as residual value, is the amount that you receive from sale of Property, Plant, and Equipment at the end of useful life. When computing the NPV of any project, we consider all the relevant cash flows of that project. Since, $45,000 will be received when project ends from sale of Fixed asset, so this figure will be treated as Cash in-flow and discounted.
Answer: Option E
Explanation: In simple words geographic segmentation refers to the study under which the organisation studies its population based upon any characteristics for the purpose of marketing.
Similarly lifestyle segmentation refers to the study of ongoing change in taste and preferences of the population.
In the given case, Kim kayak first identified the population of the retires and then identified their needs and preferences.
Hence from the above we can conclude that the correct option is E.
Answer:
Unitary cost= $56
Explanation:
Giving the following information:
Variable manufacturing overhead $15
Direct materials $13
Direct labor $17
Fixed manufacturing overhead $12
Fixed marketing and administrative $11
Under absorption costing, the fixed overhead is allocated to the product cost:
Unitary cost= direct material + direct labor + variable overhead + fixed overhead
Unitary cost= 13 + 17 + 15 + 11= $56
The formula to use get the % of grand totals is as follows:
- after having the group subtotals, enter the formula SUBTOTAL(9,B2:B21) into a cell you need then press Enter key.
<h3>What is a cell?</h3>
In a spreadsheet. this refers to the rectangular area that is formed by the intersection of a column and a row.
On a typical spreadsheet, every cells have its assigned code from Combination of Number 1-10 to Alphabet A-Z.
In order to calculate the percentage of the grand total for each type of school supply, we will need to enter a formula in the "% of Grand Total" column to divide the value in the "Total Cost" column by the grand total which will format the result as a percentage.
Read more about cell
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