Answer:
a. The amount refund owed to the customer is : $29,792
b. To record the refund and the return of merchandise:
Dr Sales returned and Allowances $30,400
Cr Sales Discounts $608
Cr Cash $29,792
(to record the refund of $30,400 sales with sales discount of $608 made)
Dr Merchandise Inventory $13,060
Cr Cost of Merchandise sold $13,060
(to record the impact of the $30,400 sales refund on cost of merchandise sold and merchandise inventory)
Explanation:
- Further explanation for sell discounts calculation:
As the terms is 2/10, total discount had been given as calculated below:
$30,400 x 2% = $608.
The safety need should now be met. Under Abraham Maslow’s
hierarchy of needs, this is next to physiological needs; this discusses about the
need of security and protection. These needs have to do with our natural yearning
for a foreseeable and arranged world that is somewhat within our limit. In terms
of workplace, an example of the safety need would be one should feel safe inside
the working environment that the individual should feel that nothing would
happen inside while he or she is working.
An example of cultural conflict is the debate over abortion. Ethnic cleansing is another extreme example of cultural conflict. Wars can also be a result of a cultural conflict; for example the differing views on slavery were one of the reasons for the American civil war.
Answer:
C. $143,300
Explanation:
The computation of the cost of goods sold is shown below:
= Cost of goods sold + over-allocated balance of manufacturing overhead
= $135,500 + $7,800
= $143,300
To find out the cost of goods sold, we added the cost of goods sold and the over-allocated balance of manufacturing overhead
We ignored the raw material inventory balance, work in process inventory balance, and the finished goods inventory balance as it is not relevant. Hence, we ignored it
