Answer:
$200,000
Explanation:
Given that
Commission = 15% of the sales price
Sales price of the goods = $200,000
So by considering the above information, the revenue should be recognized of $200,000 as it represents the sale price of the goods i.e revenue and the same is to be recorded in the books of accounts
Therefore, the commission percentage is ignored in this case
Answer:
D.agency shop agreement
Explanation:
Agency shop agreement is one where a company or employer is allowed to employ both union and non-union workers. This does not affect existence of the Union.
The employees who are non-union members however need to pay a fee for collective bargaining cost. This fee is called agency fee.
In the given scenario Mary chose not to join the union representing her fellow repair workers, she would still have to pay a fee to the union.
She is part of a agency shop agreement
Answer:
E-business suites
Explanation:
E-business suites also known as the Apps or the Application which comprise of the ERP (Enterprise resource planning), SCM (Supply-chain management) and the CRM (Customer relationship management) which are either acquired by the Oracle.
So, the vendors of the enterprise application establish a e-business suites in order to make their own relationship with the customer relationship and the supply chain management.
Answer:
Pure or perfect competition is a theoretical market structure in which the following criteria are met: All firms sell an identical product (the product is a "commodity" or "homogeneous"). All firms are price takers (they cannot influence the market price of their product). Market share has no influence on prices.
Answer:
The required adjusting entry would be to debit the Interest <u>expense</u> account and <u>credit</u> the Interest<u> </u><u>payable</u> account.
Explanation:
The number of days that a loan debt stays unpaid is referred to as the outstanding number of days.
In line with the general accounting rules, all expenses must be debited. Therefore, the interest expense has to be debited.
Interest payable, however, is the amount owed to a lender by a firm and is thus credited as the matching journal entry to the interest expense.
Therefore, we have:
The required adjusting entry would be to debit the Interest <u>expense</u> account and <u>credit</u> the Interest<u> </u><u>payable</u> account.
