Answer:
Accounts receivable - Audrey's Antiques $3036 Dr
Service Revenue $3036 Cr
Accounts Receivable - Michael's Motors $680
Service Revenue $680
Explanation:
Both the services are provided on account which means that the services are provided on credit and cash against these services are yet to be received. Thus we debit the accounts payable that will be creadted because of these services and credit the service revenue.
The company gives 8% trade discount for sevices above $1000 and as Audrey's Antiques receives services of $3300 it will receive the trade discount while Michale's motors will not receive it.
The trade discount is provided on the list price and it is not recorded in the books of accounts. Thus the service provided to Audrey's will be recorded at 3300 - (3300 * 0.08) = $3036.
Answer:
a. Computers
Explanation:
The MRP refers to the material requirement planning with respect to production, scheduling, controlling of an inventory. It works is to transform the master schedule to the detailed schedule in order to purchase the raw material.
It can be divided into two components i.e independent and dependent demand. The independent demand is held for the finished goods and the dependent demand is for the components
Now for developing the mrp depend upon the recognition between the dependent and independent demand and the second one is computer
Answer:
d<u>ebt issued by firms and governments,</u>
Explanation:
- A bond describes the indebtedness that is issued to the holder, the most common types include the corporate and the municipal bonds.
- A bond is debt security under which the issuer is obliged to pay the interests or repay the principal at a later date. Very often it's negotiable being a form of loan or IOU.
- This is a type of binding are of various types like high yield bonds and fixed-rate bonds, Zero-coupon bonds, asset-backed securities.
Answer:
Explanation
Month.
1. 2. 3
Infows
Bal b/f. (60,060)(42,120)
Sales 50,440. 78000
Sales 50,440. 78,000
Sales. 50440
Outflows
Purchases 91000 91,000. 91,000
Wages. 19500. 19500. 19500
Bal c/d. (60,060 )(42,120)(24180)
Answer:
Maintenance Cost
Explanation:
Once you purchase a lunch and consume it there is no cost related to maintenance of the lunch.
