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TiliK225 [7]
2 years ago
10

HEY PLEASE SOMEONE HELP I NEED TO SUBMIT THIS WORK IN 30 MINUTES PLEASEEE!!!

Business
1 answer:
S_A_V [24]2 years ago
6 0

The Coca-Cola Company sells its products to bottling and canning operations, distributers, fountain wholesalers and some fountain retailers. They then distribute them to retail outlets, corner stores, restaurants, petrol stations and many more.

When I had this question I found the link witch is on the document very helpful.

I hope this helps.

Download pdf
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Resource Company acquired a tract of land containing an extractable natural resource. Cooper is required by the purchase contrac
maks197457 [2]
I think it is B. I’m sorry if I’m wrong.
7 0
3 years ago
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $81,400.
ivann1987 [24]

Answer:

$7,326

Explanation:

Double Decline Balance = 2 x SLDP x SLDBV

where,

SLDP = Straight Line Depreciation Percentage

          = 100 ÷ useful life

          = 100 ÷ 20

          = 5 %

and

SLDBV = Straight Line Percentage Book Value

Year 1

Double Decline Balance = 2 x 5% x $81,400

                                           = $8,140

Year 2

Double Decline Balance = 2 x 5% x ($81,400 - $8,140)

                                           = $7,326

Therefore

The machine's second-year depreciation using the double-declining balance method is $7,326.

4 0
3 years ago
Deltan corp. allocates overhead to production on the basis of direct labor costs. deltan's total estimated overhead is $450,000
svetlana [45]
Hi there
First find Predetermined oH rate
Predetermined oH rate is
total estimated overhead divided by
estimated direct labor

Predetermined oH rate=
450,000÷180,000
=2.5

the amount of overhead to be allocated to finished goods inventory if there is $20,000 of total direct labor cost in the jobs in the finished goods inventory is
2.5×20,000
=50,000. ...answer

Good luck!
8 0
3 years ago
Jane is planning to go on a camping trip. She purchases a bottle of mineral water, a pack of biscuits, a small tube of toothpast
Naddika [18.5K]

Answer:

D) nondurable goods

Explanation:

Durable goods or hard goods are goods that retain its value over a long period of time. It isn't totally consumed over time but can be used over a long period of time. E.g. computer, phone etc

Nondurable goods are goods that are consumed in a short period of time.

Intangible goods are goods that are non physical in nature. Example are services.

I hope my answer helps you

5 0
3 years ago
On June ​1, 2018​, Perfect Performance Cell Phones sold $ 17,000 of merchandise to Ashton Trucking Company on account. Ashton fe
inn [45]

Answer:

See answers and explanation below.

Explanation:

1. Journalize the transactions for High Performance Cell Phones using the direct write-off method. Ignore Cost of Goods Sold.

<u>Date          Details                                 Dr ($)               Cr ($)               </u>

1 Jun. 18    Account receivable           17,000

                 Sales revenue                                            17,000

<u><em>                  To record sales to Ashton Trucking Company on account.</em></u>

15 Jul. 18   Cash                                     6,000

                  Account receivable                                    6,000

<em> </em><u><em>                  To record cash received from Ashton Trucking Company.  </em></u>

5 Sep. 18   Bad debt                              11,000

                 Account receivable                                      11,000

<em> </em><u><em>                 To record accounts receivable from Ashton written off.      </em></u>

5 Mar. 19   Account receivable              11,000

                 Bad debt                                                       11,000

<em> </em><u><em>                 To record transfer of bad bad back toaccounts receivable.    </em></u>

5 Mar. 19   Cash                                     11,000

                  Account receivable                                    11,000

<em> </em><u><em>                  To record cash received from Ashton Trucking Company.  </em></u>

2. What are some limitations that High Performance will encounter when using the direct write-off method?

a. It is not in line with the matching principle. This is because bad debt expenses will not be reported in the same period they are incurred and might not be realized as bad expenses until the following period.

b. It can cause inaccurate balance sheet as it does give the actual amount of accounts receivable of a company.

c. It method of recording violates GAAP and financial statements does to present the actual financial performance of the business.

d. It overstates accounts receivable as the full amount of amount owed to the company from credit sales will be reported as accounts receivable.

6 0
2 years ago
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