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Temka [501]
3 years ago
13

Assume Clarks cannot estimate the standalone selling price of a pair of SunBoots sold without a coupon. Prepare a journal entry

to record revenue for the sale of 1,000 pairs of SunBoots.
Business
1 answer:
kicyunya [14]3 years ago
7 0

Answer and Explanation:

The journal entry is shown below:

Cash Dr (1,000 × $65) $65,000  

     To Sales revenue $59,000  

     To Deferred Revenue -Discount coupon  $6,000

(1,000 × $100 × 30% × 20%)

(Being the sales revenue is recorded)

here the cash is debited as it increased the assets and credited the sales revenue and deferred revenue as it increased the revenue and liabilities

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Green and yellow are adjacent on the color wheel; what does this mean?
matrenka [14]

Answer:

analogous

Explanation:

both green and yellow are a part of analogous

5 0
3 years ago
How much money does an employee working for a salary of 50,000 per year get paid each month
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Divide 50,000 by 12 to get 4,166.67
8 0
3 years ago
Read 2 more answers
In a survey of companies, it was found that 45 were in the mining sector, 72 were in
Diano4ka-milaya [45]

Answer:

0.288

0.308

Explanation:

Given :

Mining sector = 45

Financial sector = 72

IT sector = 32

Production sector = 101

Total number of companies :

(45 + 72 + 32 + 101) = 250

A.)

Probability that a randomly selected company is in the financial sector

Recall :

Probability = required outcome / Total possible outcomes

P(company = financial) = (number of companies in financial sector / total number of companies)

P(company = financial) = 72 / 250 = 0.288

B.)

Company is either a mining or IT company :

P(company = Mining or IT) = (number of mining + number of IT Companies) / total number of companies

P(company = Mining or IT) = (45 + 32) / 250 = 77 / 250 = 0.308

8 0
3 years ago
Mark is the manager of an american company. he expects the value of the british pound to appreciate in the near future. hence, h
Paladinen [302]
<span>Mark is using what is called a lag strategy. A lag strategy can be used when there is an intended change in payment in a foreign transaction. This usually occurs when there is an expected change occurring in exchange rates. The lag occurs when the transaction is delayed, which is what Mark is attempting to do here.</span>
3 0
3 years ago
The Gomez Trust is required to distribute $80,000 annually, split equally between its two income beneficiaries, Lara and Byron.
Maru [420]

Answer:

A.$30,000

B.$30,000

C.First-tier of $30,000 to both beneficiarie

Explanation:

Gomez Trust

a. (1/2×DNI $60,000)

=$30,000

b.$30,000

c.First-tier of $30,000 to both beneficiarie in which First-tier distributions can be said to be those distributions which are often composed of trust accounting income that is required to be distributed currently.

Hence there are no second-tier distributions because the tier system only accounts for the annual DNI amounts, and all of the $60,000 DNI are been distributed on the first tier.

6 0
3 years ago
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