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luda_lava [24]
3 years ago
10

Wyman corporation uses a process costing system. the company manufactured certain goods at a cost of $920 and sold them on credi

t to percy corporation for $1,315. the complete journal entry to be made by wyman at the time of this sale is:
Business
1 answer:
Simora [160]3 years ago
6 0
I really have no clue
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What is the maximum age a taxpayer with no qualifying children may be at the end of the year and still qualify for the earned in
MatroZZZ [7]

Answer:

The correct answer is: 65 years old.

Explanation:

The Earned Income Tax Credit (<em>EITC</em>) is provided to people with low income. The amount of that income and the number of people within their household will determine the amount of the tax credit. People with no children can also be eligible for the credit until they are 65 years old by the end of the tax period.

8 0
3 years ago
A flower shop makes a large sale for $1,500 on June 30th. The customer is sent an invoice on July 5th, and a check is received o
Likurg_2 [28]

Answer:

June 30

Explanation:

According to the revenue recognition principle, the transaction should be recorded in the books of accounts when the sale is made. It records that revenue which is earned and the possibility of the receipt of cash should be high.

It records that when the product and services are sold to the customer and in return customer received it. Whether the payment received later but the sale is made.

So, on June 30, the revenue should be recognized.

6 0
3 years ago
Is buying a movie ticket considered a
Likurg_2 [28]
C. Public Good (at least I think because the money goes to the public)
4 0
4 years ago
A detailed search of the _______ must be done to determine if the manufacturer has found the customer’s concern in other vehicle
fiasKO [112]
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7 0
3 years ago
Read 2 more answers
A one-month European call option on a non-dividend-paying stock is currently selling for $1. The stock price is $47, the strike
REY [17]

Answer:

The price of the put-option on the same stock with the same strike price is $3.75.

Explanation:

To find the price of the put option on an underlying asset given the price on the call option's price for the same underlying asset with the same strike price is given, we apply put-call parity model.

Put call parity model: p = K x e^(-rT) + c - St .

in which: p: put option's price;

               K: underlying asset's strike price;

               r: risk-free rate;

              T: time to maturity denominated in year;

               c= call option's price;

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So, p = 50 x e^(-0.06 x 1/12) + 1 - 47 = $3.75 .

4 0
3 years ago
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