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emmasim [6.3K]
3 years ago
12

Windsor, Inc. sells merchandise on account for $3700 to Morton Company with credit terms of 2/10, n/30. Morton Company returns $

800 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Windsor, Inc. make upon receipt of the check?
Business
1 answer:
IrinaK [193]3 years ago
7 0

Answer:

Dr. Cash                          $2,842

Dr. Discount Expense    $58

Cr. Account Receivable $2,900

Explanation:

Terms 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.

Sales = $3,700

Returns = $800

Amount Due = $3,700 - $800 = $2,900

As the payment is made within discount period, so discount will be availed

Discount = $2,900 x 2% = $58

Cash Paid = $2,900 - $58 = $2,842

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Your supervisor has come to you with the following list of expenditures for the year and is asking you whether they should be ca
Trava [24]

Answer:

Capitalized Expenditures:

2. Added a new wing onto the office building.

5. Had an engine rebuilt in one of their fleet cars.

Explanation:

Capitalization is the process of delaying the full recognition of an expense for the acquisition of a new asset with long-term life so that the costs can be treated as an expense gradually over its useful life through an accounting method known as depreciation or amortization.

The criteria for capitalizing expenditure depend on whether the expenditure is necessary to bring the asset to the condition and location where it can be operated as desired by the management.  It must also meet the threshold amount set by management for capitalization.  This is because some assets can be used for more than one year and still they are not regarded as capital assets.  Example is a stapling machine that costs less than a dollar.

6 0
3 years ago
What is the name of the experimental task in which an infant interacts with an adult who first engages in normal social interact
Komok [63]

The still-face interaction paradigm

<span>An experimental task was introduced in 1978 to prove that infants actively contribute to social interaction. It is called the Still-Face Paradigm or SFP.</span>

<span>In the experiment,  3 phases of face-to-face interaction of infants with an adult were tested:  the normal interaction, the still-face (where the adult becomes unresponsive and maintains a neutral facial expression), and a reunion where the adult resumes normal interaction.</span>

<span>Indeed, the still-face paradigm showed effects like increased gaze aversion and less smiling. </span>

4 0
3 years ago
Gonzales Corporation generated free cash flow of $88 million this year. For the next two years,the companyʹs free cash flow is e
vodka [1.7K]

Answer:

A) $1384.24

Explanation:

Terminal Value = Free Cash Flow (FCF) of last forecast *(1+ perpetual growth rate)/(discount rate – perpetual growth rate)

FCF of last forecast = $88*(1+10%)^2 = $106.48

Gonzales Corporationʹs expected terminal enterprise value in year 2 = $106.48 * (1+4%)/(12%-4%) = $1382.24

6 0
3 years ago
You expect KT industries​ (KTI) will have earnings per share of $ 6 $6 this year and expect that they will pay out $ 1.25 $1.25
Hatshy [7]

Answer:

$8.93

Explanation:

The payment made to the stockholders is known as dividend.

Price of the stock can be determined by calculating the present value of all future expected dividends using cost of capital.

In this question $1.25 per share dividend is paid and rate of return / cost of capital is 14%, so price of stock will be calculated as follow.

Price of the share = Dividend / Cost of Capital = $8.93

Price of the share = $1.25 / 14% = $8.93

5 0
3 years ago
If the capital stock ________ while the supply of labor ________, it is likely that the productivity of labor will fall.
liq [111]

If the capital stock fixed while the supply of labor increases, it is likely that the productivity of labor will fall.

<h3>What is Labor productivity?</h3>

Labor productivity is use to measure the output of a labour based on hourly basis.

Labor productivity is usually determined by the amount of Capital that is investment. This include technological and human capital.

Therefore, If the capital stock fixed while the supply of labor increases, it is likely that the productivity of labor will fall.

Learn more on productivity here,

brainly.com/question/2992817

5 0
2 years ago
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