One side is usually more powerful than the other when a contract is being negotiated. Select one: True False

Geraths Windows manufactures and sells custom storm windows for three-season porches. Geraths also provides installation service

UNO [17]

<u>Solution and Explanation:</u>

a. Prepare the journal entries for Geraths in 2014.

On July 1, 2014, Geraths enters into a contract with a customer for the purchase and installation of window for a price of $2,400. No journal entry.

On september 1, 2015.

Windows = $2,000

Installation = $600

Total = $2,600

Allocation

<u>Particulars </u> <u>Amount </u>

Installation $(\$ 600 / \$ 2,600) \times \$ 2,400$ 554

Windows $(\$ 2,000 / \$ 2,600) \times \$ 2,400$ 1,846

Revenue recognized 2,400

Date Account details Debit Credit

Sep 1,2015 Cash 2,000

Account receivable 400

unearned service revenue 554

Sales revenue 1846

Cost of goods sold 1100

Inventory 110

15 oct,2015 Cash 400

unearned service revenue 554

Service revenue (installation) 554

Account receivable 400

(Revenue recognized after service provided)

<u>On september 1,2015. </u>

Windows = $2,000

Installation $(\$ 400+(20 \% \times 400)$ = $480

Total = $2,480

Allocation.

sales revenues 200,000

Particulars Amount

Installation 465

Windows 1,935

Revenue recognized 2,400

Date Account details Debit Credit

Sep 1,2015 Cash 2,400

Account receivable 400

unearned service revenue 465

Sales revenue 1935

Cost of goods sold 1100

Inventory 1100

(Windows delivered,Instailation recorded )

15 oct,2015 Cash 400

unearned service revenue 465

Service revenue (installation) 465

Account receivable 400

(Revenue recognized after service provided)

5 0

3 years ago

Which of the following represents a human resource factor that firms must consider when selecting an FDI location?A) intellectua

mina [271]

The involvement of labor unions represents a human resource factor that firms must consider when selecting an FDI location.

Economic theory holds that foreign direct investment (FDI) favors labor-intensive, low-tech output in emerging nations while favoring industrialized nations for high-tech production. FDI typically travels to nations where it is possible to use the internalization benefits of foreign investments to combine ownership advantages with location-specific advantages of the host nations (UNCTAD, 1998). FDI typically depends on a variety of investment-related criteria, such as the investment's motivation (market, resource, or efficiency reasons), the sector of the investment (manufacturing or services), and the size of the multinational firm or investor.

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4 0

1 year ago

question 14(multiple choice worth 5 points) (04.02 mc) who was intended to benefit from the land act of 1800? a large-scale farm

oksano4ka [1.4K]

Since the government aimed to make westward migration more appealing to immigrants, "A poor family that coveted property" was primarily those who benefited.

Due to their inability to purchase a farm at an affordable price, many ended up squatting on public property without a valid title. The Harrison's Land Act of 1800 decreased the minimum purchase size from 640 acres to 320 acres and added a credit provision. A quarter of the total cost had to be paid up front, and the remaining amount had to be paid over the course of four years with an extra year added on for late payments.

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5 0

1 year ago

Betty and john martinez own 220 shares of exxonmobil common stock. exxonmobil's quarterly dividend is $1.76 per share. what is t

Volgvan

The amount they will receive for this quarter is 125

6 0

4 years ago

What is the name of the monetary policy rule that changes interest rates based on a target for the nominal gdp growth rate?.

vagabundo [1.1K]

The name of the monetary policy rule that changes interest rates based on a target for the nominal gdp growth rate is real GDP targeting.

<h3>What is a monetary policy?</h3>

It should be noted that a monetary policy are the actions that are taken in order to control the money in circulation.

In this case, the name of the monetary policy rule that changes interest rates based on a target for the nominal gdp growth rate is real GDP targeting.

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8 0

2 years ago