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KATRIN_1 [288]
3 years ago
5

Oceanview marine company performance materiality question

Business
1 answer:
harkovskaia [24]3 years ago
4 0
Pito con canosedad al 100
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After a decision has been rendered in a class,neither party may file an appeal? true or false
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The answer to this question is true. 
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Hockey Accessories Corporation manufactured 21 comma 100 duffle bags during March. The following fixed overhead data pertain to​
Angelina_Jolie [31]

Answer:

Fixed overhead spending variance  = 8300 Favourable

Explanation:

given data

Actual fixed overhead = 559300

Budgeted fixed overhead   = 567600

solution

we get here Fixed overhead spending variance  that is express as

Fixed overhead spending variance  = Actual fixed overhead - Budgeted fixed overhead     .................1

Fixed overhead spending variance  = 559300 - 567600

Fixed overhead spending variance  = 8300 Favourable

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Which of these would be considered an entrepreneur?
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If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarte
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4 0
3 years ago
Prepare journal entries to record each of the following sales transactions of a merchandising company. The company uses a perpet
Usimov [2.4K]

Answer: please find the explanation column for answers

Explanation:

journal entry to record the sales transaction of a merchandising company:

Date        Account                           Debit           Credit

Apr 1      Account receivables        $5,400

                   Sales                                                   $5,400

To record cost of goods sold

 Apr 1           Cost of merchandise sold       $3,240

          Merchandise inventory                                   $3,240

2. To record sales  return of goods.

Date        Account                           Debit           Credit

 Apr 4             Sales Return       $620.00  

  Account Receivable                                $620.00

Cost of merchandised returned

Apr 4  Merchandise Inventory        $372.00  

 Cost of Goods Sold                                     $372.00

3.To Record Sales made from merchandise

Date        Account                           Debit           Credit

Apr 8      Account Receivable $2,200.00  

                     Sales                                             $2,200.00

To Record cost of merchandise Sold

Apr 8    Cost of Goods Sold             $1,540.00  

Merchandise Inventory                                        $1,540.00

 

4.Journal to record payment received from sales of merchandise

Date        Account                           Debit                Credit

Apr 11     Cash                   $4,780.00  

Account receivable                                            $4,780.00

Calculation

Amount due from Apr 1 st sale less than return on April 4 =Account receivables - Sales Return=   $5,400- $620=$4,780.00

4 0
3 years ago
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