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3 years ago

An invoice is an example of which of the following?

Business

1 answer:

Scilla [17]3 years ago

8 0

A source document

This document, when coupled with a bill of lading and/or packing list, can be used to invoice a customer, which in turn generates a sale transaction. Supplier invoice. This is a source document that supports the issuance of a cash, check, or electronic payment to a supplier.

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Preparing an Ending Finished Goods Inventory Budget Andrews Company manufactures a line of office chairs. Each chair takes $14 o

tigry1 [53]

Answer:

Consider the following calculations

Explanation:

1. Direct material $14

Direct labor (16*1.9) 3.04

Variable overhead (1.1*1.9) 2.09

Fixed overhead (1.5*1.9) 2.85

Unit product cost $21.98

2. Cost of budgeted ending inventory = 21.98*620 = $13, 628

3 0

4 years ago

Read 2 more answers

On October 1, Lawrence Company borrowed $60,000 from Fourth National Bank on a 1-year, 7% note. If the company's fiscal year end

Olegator [25]

Answer:

Lawrence should make an entry to increase c. interest payable, $1,050

Explanation:

The interest amount Lawrence Company had to pay for the note:

$60,000 x 7% = $4,200

In Lawrence's fiscal year ends on December 31, following 3 months of borrowing the $60,000. Following the Accrual basis, the company should make an adjustment entry to record interest expense with amount:

$4,200/12 x 3 = $1,050

The entry:

Debit Interest expense $1,050

Credit Interest payable $1,050

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4 years ago

Shunda Corporation wholesales parts to appliance manufacturers. On January 1, Shunda issued $30,000,000 of five-year, 10% bonds

ahrayia [7]

Answer and Explanation:

a. The Journal entry is shown below:-

1. Cash Dr, $32,433,150

To Premium on Bonds Payable $2,433,150

To Bonds Payable $30,000,000

(Being Sale of bonds is recorded)

2. Interest Expense Dr, $1,297,326

($32,433,150 × 4%)

Premium on Bonds Payable Dr, $202,674

To Cash $1,500,000

($30,000,000 × 5%)

(Being First semiannual interest payment, including amortization of premium is recorded)

3. Interest Expense Dr, $1,289,219

($32,433,150 - $202,674) × 4%

Premium on Bonds Payable Dr, $210,781

To Cash $1,500,000

(Being second semiannual interest payment, including amortization of premium is recorded)

($30,000,000 × 5%)

b. Annual interest paid $3,000,000

Less: Premium amortized $364,094

($202,674 + $161,420)

Interest expense for first year $2,635,906

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3 years ago

Charlotte needs to raise money for a charity benefit she is attending. At lunch, she asks her friend, Samantha, to attend the be

mrs_skeptik [129]

Answer: Foot in the door

Explanation:

A. In Ingratiation one tries to influence the respondent by using flattery or compliments etc.

B. In Door-in-the-Face technique the influencer first make a big request followed by a small one that the respondent will most likely accept.

C. In need satisfaction the influencer first try to understand the needs of the respondent and then make his move as per the observations made.

D. In foot in the door first a small request is made which the respondent will most likely accept and then the crucial request is presented before the respondent.

E. In Adaptive Selling the technique of changing behavior is used as per the changing requirements.

Hence, from the above we can conclude that Charlotte used foot in the door.

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3 years ago

Which choice is not a characteristic of a competitive market?

sukhopar [10]

A

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