3 years ago

How do I stop payment on brainly.com

Business

2 answers:

Natasha2012 [34]3 years ago

7 0

Contact a moderator. They know what to do.

Leokris [45]3 years ago

4 0

Contact someone at the website like a help line or moderator

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Sheridan Company signed a long-term non cancellable purchase commitment with a major supplier to purchase raw materials in 2021

stepan [7]

Answer:

Unrealized holding loss - Income (purchase commitments) $ 52,900 Dr

Estimated liability on purchase commitments ( $ 1,001,800 - $ 948,900 ) $ 52,900 Cr

Explanation:

Unrealized holding loss - Income (purchase commitments) $ 52,900 Dr

Estimated liability on purchase commitments ( $ 1,001,800 - $ 948,900 ) $ 52,900 Cr

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3 years ago

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4 years ago

Bailey Co. changed their accounting for insurance expense from the cash-basis to the accrual-basis in the current year. In Janua

Rina8888 [55]

Answer:

$60,000

Explanation:

Since Bailey Co. changed their accounting for insurance expense from the cash-basis to the accrual-basis in the current year, and in January of the prior year, Bailey recorded insurance expense of $240,000 for the cash purchase of a four-year insurance policy.

Bailey should report the insurance transaction in the current year's financial statements of an amortization of the insurance expense over the four year period, and take account the portion that pertains to the current year.

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3 years ago

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Fynjy0 [20]

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3 years ago

Compute the dollar amount of working capital that can be reduced at year-end if the ending heel raw material inventory is cut by

erica [24]

Answer:

Note: The full question is attached as picture below

a. No of units Cost per unit Total Cost

Beginning Inventory 1,200 $8 $9,600

Add Purchase 35,000 $8 $280,000

Inventory available for 36,200 $8 $289,600

production

Less Inventory transferred to 33,200 $8 $265,600

production (16,600 Pairs*2 Heels)

Ending Inventory 3,000 $8 $24,000

b. Working capital will be reduced by: (3,000*$8)/2 = $12,000

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3 years ago