Answer:
Please ask study related questions,mate.
Answer:
$200,000
Explanation:
The computation of the net revenue is shown below:
= Cash sales gross - Returns and allowances + credit sales gross - discounts + beginning balance of account receivable - ending balance of account receivable
= $80,000 - $4,000 + $120,000 - $6,000 + $40,000 - $30,000
= $200,000
We simply first compute the net cash sales after considering the returns and allowances, and net credit sales after considering the discounts, and deduct the ending balance of account receivable
Answer:
This statement is true.
Explanation:
A market economy can be defined as an economic system in which economic decisions is taken by the market forces. The equilibrium prices and quantity are determined by the forces of demand and supply.
Market failure happens when these forces fail to efficiently allocate goods and services in the market.
The market fails to efficiently allocate goods and resources when the individual rational decisions in self-interest lead to inefficient outcomes for society.
Meyers-Briggs assessment measures behavioral characteristics.
Answer:
d. $66,000
Explanation:
Raw Material requisition = $66,000
Raw Material requisition is transferred to work in process account by following entry
Dr. Cr.
Work in process $66,000
Raw Material Inventory $66,000
The debits to the Work in Process account as a consequence of the raw materials transactions in May is $66,000.