Answer:
Credit to merchandise inventory $800
Explanation:
Based on the information given we were told that the amount of $800 of the merchandise was returned to the seller which means that the journal entry for September 10, 2009 will include a Credit to merchandise inventory for the amount of $800.
Credit to merchandise inventory $800
Answer:
Recognize the assessments as assessments receivable and revenue.
Explanation:
Practically, this will result in a receivable in the reserve fund, if the amounts are not received when due.
This could be seen when an/a corporation may decide on the amount of an assessment years before the cash is been used.
But cannot really obtain the revenue at the time of the decision, since the corporation can change its decision up until the day the amount is due. Also there are no specific parties being assessed, until the owner on record is known on the day the assessment is due, also the assessment should be recognized as revenue of the reserve fund when due.
Answer:
c) $10 per pound
Explanation:
Differential cost is the cost difference of one plan when compared to another. it is the difference in cost between 2 alternative decision.
The product x has a cost of $ 15 per pound . The company later modified product X to produce product Y. The additional cost for product Y after modification of X is $ 10. The cost of producing product Y is 15 + 10 = $ 25.
The differential cost of producing product Y is the difference of the cost of producing product Y and product X. it can be computed as 25 - 15 = $ 10 per pound .
Answer:
$4,817.17
Explanation:
The net present value is the present value of after tax cash flows substracted from the amount invested.
Using a financial calculator:
Cash flow for year zero = -$25,000
Cash flow for year one = -$8,000
Cash flow for year two = $16,000
Cash flow for year three = $16,000
Cash flow for year four = $16,000
I = 9%
NPV = $4,817.17
I hope my answer helps you.