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3 years ago

A company sells goods to a customer who will pay the full amount in 30 days.How should the company record the sale

Business

1 answer:

Andre45 [30]3 years ago

3 0

Answer:

Credit sales

Debit receivables

Explanation:

This is a sales on account transaction which affect the sales and receivables account.

When this transaction occurs , the company has definitely made a sale which will lead to an inflow of cash in 30 days time, even though the income is recognized immediately according to the accrual method of accounting

To record this , the sales account is credited with the value of the goods sold and the account receivable is debited for with the same amount.

The receivable is a record of payment being owed to the company by its customers.

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Jacques and Kyoko Lalime live in Swarthmore, PA. Kyoko's father, Musashi, lives in Sweden.For each of the following transactions

Klio2033 [76]

Answer:

Explanation:

1. Kyoko gets a new video camera made in the United States: included in Consumption (C) account of the GDP

2.Jacques buys a bottle of Italian wine: included in Imports (M) account of the GDP because it is consumed in U.S soil but not produced there.

3.The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore: included in government purchases (G) account of the GDP because repaves are paid by the state of Pennsylvania.

4.Kyoko's father in Sweden orders a bottle of Vermont maple syrup from the producer's website: included in exports (X) account of the GDP because it produced in the U.S soil.

5. Jacques's employer upgrades all of its computer systems using U.S.-made parts: included in the Investment (I) account of the GDP because it is capital expenditure.

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3 years ago

As we become more senior and lead larger teams, the focus of leader development becomes more about what action?

Margarita [4]

Answer:

As we become more experienced, more senior, and lead bigger teams, the focus of leader development becomes more about enhancing the performance and building of characters. Moreover, leaders must remain competent, and team performance is the primary success of any leader. A leader must be a solution finder at any stage to leads the team towards success.

Explanation:

7 0

3 years ago

Read 2 more answers

You're working on a project that has an ev of $7362 and a pv (bcws) of $8232. what's your sv?

blagie [28]

So, the correct option is A, This one is only to see if you're familiar with the schedule variance calculation. To use the SV formula, simply enter the values: SV = EV – PV

What is Schedule variance (SV)?
A project's schedule variance serves as a gauge for whether it is on time or not. It is frequently used in earned value management (EVM) to give project managers an update on the status of the work during the analysis stage. A monetary unit is often used to represent a schedule variance, with negative values used to indicate any delays. The budgeted cost of work performed (BCWP) represents the cost of the actual work completed, whereas the budgeted cost of work scheduled (BCWS) measures the budget for the full project. The schedule variance is the difference between these two numbers.

To learn more about Schedule variance (SV)
brainly.com/question/14257077
#SPJ4

3 0

1 year ago

Direct labor or machine hours may not be the appropriate cost driver for overhead in all areas of manufacturing due to the compl

lord [1]

Answer:

WATERWAYS CORPORATION

1. Overhead Rates and Actual Cost

Activity Cost Activity-based Actual Cost

Pools Overhead Rates Assigned

Irrigation Installation $148 ($1,928,440/13,030) $1,925,480 ($148 * 13,010)

Machining $0.05 $1,668,800

(all machine use) ($1,668,750/33,375,000) ($0.05 * 33,376,000)

Customer Orders $11 ($28,600/2,600) $28,182 ($11 * 2,562)

Design $109 ($763/7) $654 ($109 * 6)

Selling $15 ($306,000/20,400) $309,150 ($15 * 20,610)

2. Classification of activities by level, unit level, batch level, product level, or facility level:

Testing of products (if all items are tested) Unit level

Testing of products (if all items are not tested) Batch level

Designing new products Product level

Packaging Unit level

Molding Product level

Assembling Batch level

Depreciation Facility level

Machine maintenance Facility level

Advertising Product level

Equipment setups Batch level

Electricity required to run equipment Unit level

Requisitioning materials Unit level

Explanation:

a) Data and Calculations:

ABC system for Waterways.

WATERWAYS CORPORATION

Activity Cost Estimated Expected Use

Pools Cost Drivers Overhead of Cost Drivers Actual Use

per Activity of Drivers

Irrigation Installation Labor cost $1,928,440 13,030 13,010

Machining

(all machine use) Machine hours 1,668,750 33,375,000 33,376,000

Customer orders Number of orders 28,600 2,600 2,562

Shipping none (direct) N/A N/A traced directly

Design Cost per design 763 7 6

Selling Number of sales calls 306,000 20,400 20,610

4 0

3 years ago

A Product Manager has been given responsibility for overseeing the development of a new software application that will be deploy

Free_Kalibri [48]

Incomplete question. The missing options read;

a. Design the application’s security features after the application’s initial build is complete.

b. Schedule development of security features after the application’s initial release.

c. Utilize a DevSecOps approach to incorporate security into the development process from the beginning.

d. Contract with an external vendor to develop a security solution separately from the main application.

Answer:

<u>a. Design the application’s security features after the application’s initial build is complete.</u>

Explanation:

Remember, our main concern here is to determine <em>the most time-saving and cost-effective way for the Product Manager to address the new application's security considerations.</em>

Hence, if the Product Manager decides to schedule the development of security features after the application’s initial release, this would not be the most time-saving approach. Also, utilizing a DevSecOps approach to incorporate security into the development process from the beginning and contracting with an external vendor to develop a security solution separately from the main application is not the best cost-saving approach.

However, designing the application’s security features after the application’s initial build is complete would be the most time-saving and cost-effective way for the Product Manager to address the new application's security considerations.

4 0

3 years ago