1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kompoz [17]
2 years ago
12

Presented below is information from Sandhill Computers Incorporated. July 1 Sold $20,000 of computers to Robertson Company with

terms 3/15, n/60. Sandhill uses the gross method to record cash discounts. Sandhill estimates allowances of $1,300 will be honored on these sales. 10 Sandhill received payment from Robertson for the full amount owed from the July transactions. 17 Sold $200,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30. 30 The Clark Store paid Sandhill for its purchase of July 17.
Business
1 answer:
AlexFokin [52]2 years ago
3 0

Answer and Explanation:

The journal entries are shown below:

On July 1

Accounts receivable Dr $20,000  

            To Sales revenue  $20,000

(To record the sales on account)

On July 10

Cash $19,400    

Sales discount $600 ($20,000 × 3%)  

        To Accounts receivable  $20,000

(To record the payment received)

On July 17

Accounts receivable $200,000  

             To Sales revenue  200,000

(To record the sales on account)

On July 30

Cash $200,000  

       To Accounts receivable  $200,000

(To record the payment received)

You might be interested in
If labor productivity growth slows down in a country, this means that the growth rate in ________ has declined.
FromTheMoon [43]

A decline in the growth rate of labor productivity means that the growth rate in the number of goods or services that can be produced by 1 hour of work has declined.

<h3>What is the labor productivity growth?</h3>

This is used to refer to the growth in the output. This is measured by increase in workers productivity per hour.

It is what causes them to produce more than they would given the number of work hours available.

Read more on labor productivity here:

brainly.com/question/6430277

#SPJ1

5 0
2 years ago
Halloween costume makers and retailers make generous profits from selling costumes that allow their wearers to be indian princes
goldenfox [79]

Answer:

Cultural appropriation

Explanation:

Cultural appropriation is a tradition and a system where one culture is adopted by individuals from another culture. This can be questionable when individuals from a prevailing society try to adopt a culture that is not so prevailing and when its a minority culture. And evidently cultural appropriation  is different from cultural exchange and there are different aspects that are debatable.

6 0
3 years ago
is the most comprehensive standard as it provides a set of requirements for a quality management system for all organizations, b
Greeley [361]

ISO 9001:2008 is the most comprehensive standard as it provides a set of requirements for a quality management system for all organizations, both private and public.

<h3>What is ISO 9001:2008 Quality management systems ?</h3>

It aims to increase customer satisfaction through the effective application of the system, including processes for continuous system improvement and the assurance of conformity to customer and applicable statutory and regulatory requirements. The ISO 9001:2008 standard outlines the specifications for a quality management system where a company must prove its capacity to consistently deliver a product that complies with customer and relevant legal and regulatory criteria.

No matter the type, size, or type of product offered, all requirements of ISO 9001:2008 are generic and intended to be relevant to all enterprises.

Any ISO 9001:2008 requirement(s) that cannot be applied because of the nature of the business or the product might be excluded.

When exclusions are made, claims of conformity to ISO 9001:2008 are not acceptable unless they are restricted to Clause 7 requirements and do not affect the organization's capacity or obligation to deliver a product that complies with the needs of the customer and any applicable legal and regulatory requirements.

To learn more about the, ISO 9001:2008 Quality management systems visit:

brainly.com/question/14217123

#SPJ4

8 0
1 year ago
Brian quit his job because he only wants to work on weekdays. Brian could be considered cyclically unemployed. frictionally unem
Elza [17]

Option B

Brian could be considered  frictionally unemployed.

<h3><u>Explanation:</u></h3>

Workers dropping their jobs or fresh workers enrolling the workforce both append to frictional unemployment. Frictional unemployment usually transpires even in a developing, solid economy. The frictional unemployment rate is determined by dealing with the workers actively seeing jobs by the total labor force.

Frictional unemployment is advantageous to an economy since it's a sign that individuals are attempting more desirable states. Frictional unemployment can be conquered by suddenly rivaling proposed job seekers with job opportunities. Frictional unemployment isn't devastating to economics.

7 0
3 years ago
Which type of variance causes operating income to be greater than the budgeted operating income?
ivann1987 [24]

Favorable variance is the variance causes operating income to be greater than the budgeted operating income.

A favorable variance is wherein real income is greater than budget, or real expenditure is less than budget. That is similar to a surplus in which expenditure is much less than the available earnings.

Is Favorable variance usually accurate?

Favorable variances are defined as either generating greater revenue than expected or incurring fewer fees than expected. Damaging variances are the other. Much less revenue is generated or greater prices incurred. Either may be correct or terrible, as these variances are based on a budgeted amount.

How do you inform if a variance is favorable variance or destructive?

If sales have been better than expected, or expenses were decrease, the variance is  favorable variance. If sales have been decrease than budgeted or costs were better, the variance is detrimental.

Learn more about  favorable variance here:- brainly.com/question/28268911

#SPJ4

7 0
1 year ago
Other questions:
  • Donald discovers major flaws in the packaging department. He consults the production manager and formulates control measures to
    14·1 answer
  • a. What is the price​ (expressed as a percentage of the face​ value) of a​ one-year, zero-coupon corporate bond with a AAA​ rati
    5·1 answer
  • At the beginning of last​ year, Barrington Corporation purchased a piece of heavy equipment for $ 63,000. The equipment has a li
    15·1 answer
  • As part of an application for a job, dan is asked to complete some psychological tests, including one in which he responds "true
    13·1 answer
  • A dollar in hand today is worth_______(less than/more than/equivalent) a dollar to be received in the future because if you had
    5·1 answer
  • Alameda Manufacturing manufactures a variety of wooden picture frames using recycled wood from old barns. Alameda Manufacturing
    12·1 answer
  • Several line items and account titles are listed below. For each, indicate in which of the following financial statement(s) we w
    13·1 answer
  • M7_IND4. Andre Greipel is the owner of a small company that produces heart rate monitors. The annual demand is for 2,250 heart r
    7·1 answer
  • The following information was collected for the first year of manufacturing for Appliance Apps: Direct Materials per Unit $2.50
    7·1 answer
  • In current business publications, find examples of firms whose strategies to increase profits focus primarily on generating more
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!