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2 years ago

8

Received a $3,000.00 check from Pacific Stores. The check pays $3,061.22 of the Dec. 3 sale on account, S395, less 2% discount.

R403.

1 answer:

Sunny_sXe [5.5K]2 years ago

5 0

Answer:

Accounts Receivable Credit- $3061.22

Sales Discount Debit- $61.22

Cash Debit- $3000

Explanation:

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The $10,000 cash that exceeds the partnership liabilities is to be disbursed immediately. If profits and losses are allocated to

ololo11 [35]

Answer

The answer and procedures of the exercise are attached in the following image.

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

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3 years ago

You're considering a project with an initial cost of $6400, what is the payback period for this project if the cash inflows are

Alinara [238K]

Cost : 6400

900 + 1,350 = 2,250

2,250 + 500 = 2,750

2,750 + 1,350 = 4,100

4,100 + 2,800 = 6900

So there’s more than 6,400 dollars

7 0

3 years ago

What is secondary product?

vampirchik [111]

A secondary product is a product that comes out of a production process in addition to the main product. A secondary product can be directly consumed, used as an input in another production process, disposed of or recycled. A secondary product can be a by-product, a co- product or a residue.

3 0

2 years ago

On January 15, 2021, Bella Vista Company enters into a contract to build custom equipment for ABC Carpet Company. The contract s

lesya692 [45]

Answer:

recorded on March 31, 2021.

Explanation:

As we know that if there is an accural basis so the revenue is recognized and recorded when it is earned here the receipt of cash is not material for recording the revenue

Since in the given situation, the date of completion of the contract is considered for recording date of revenue as per the accrual basis

So March 31, 2021 should be considered

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2 years ago

Valotic Tech Inc. sells electronics over the Internet. The Consumer Products Division is organized as a cost center. The budget

Tcecarenko [31]

Answer:

<u>Total Over budget = $112370</u>

<u>Total Under Budget= $ 56062</u>

Explanation:

<u>Valotic Tech Inc.</u>

<u>Budget Performance Report—Director, Consumer Products Division</u>

<u>For the Month Ended January 31, 2016</u>

Budget Actual (Over) Under Budget

Customer service salaries $546,840 $602,350 (55,510)

Insurance & property taxes 114,660 110,240 4420

Distribution salaries 872,340 861,200 11,140

Marketing salaries 1,028,370 1,085,230 (56,860)

Engineer salaries 836,850 820,008 16842

Warehouse wages 586,110 562,632 23478

<u>Equipment depreciation 183,792 183,610 182 </u>

<u> Total $4,168,962 $4,225,270 (56308) </u>

<u />

<u>Total Over budget = $112370</u>

<u>Total Under Budget= $ 56062</u>

Over budget means that the amount is spent more than the amount budgeted.

The Customer service salaries and Marketing salaries are over budgeted and the the director is expected to request supplemental reports of these to analyze where the amount has been overspent.

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3 years ago