Answer:
Golf hat inventory (Dr.) $11,700
Purchase (Cr.) $11,700
Cash (Dr.) $525,000
Sales (Cr.) $ 525,000
Redemption of coupons
10500 / 5 = 2,100
50% customers redeem the coupon then
2100 hats * 50% = 1,050 hats.
Explanation:
Marin golf has purchased hats at a price of $9 per hat. This transaction is recorded in the journal entries. The company has also introduced a promotion in which customers can redeem coupon and get a free golf hat in exchange of 5 coupons.
Republicans and Democrats are both political parties in America. Republicans are mostly made up of the rich, because it supports them. Democrats on the other hand, are made up of the middle to lower classes. In politics you'll hear a lot of "left" and "right." Left thinks your life should be supported by the government, and everything should be regulated by it. Right thinks there should be total self sufficiency in your life, and you should rely on YOU. Most of the time you'll hear leftism associated with communism, since its an extreme form of left-wing politics. And the same with right, but instead fascism, as it is an extreme form of right-wing. But don't associate that with them, but you should keep the extreme forms out of your opinion, just leave it in the back of your mind, and know what they are. Just know to separate Communism from leftism, and Fascism from rightism. Hope this helps!
Answer:
$14,500
Explanation:
The computation of the balance in the work in process account is shown below:
= Direct material cost + direct labor cost + manufacturing overhead cost
where,
Direct material cost = $2,500
Direct labor cost = $4,000
Manufacturing overhead cost = $4,000 × 200% = $8,000
So, the ending balance in the work in process account is
= $2,500 + $4,000 + $8,000
= $14,500
Can I afford this?
Do I really need this?
