Answer:
cost recovery = $23750
Explanation:
given data
cost = $100,000
to find out
cost recovery
solution
we know here value of asset in last quarter October is given $10000
and % of MACRS rate according to mid quarter for 4th quarter is 38%
so
cost recovery will be
cost recovery = 100000 × 38% × 
cost recovery = $23750
Answer:
The journal entries are as follows:
(a) Accounts receivables [$2,200 - 2%] A/c Dr. $2,156
To Sales revenue $2,156
(To record the sale)
(b) Cost of Goods Sold A/c Dr. $1,200
To inventory $1,200
(To record the cost of goods sold)
(c) Cash A/c Dr. $2,156
To Accounts receivables $2,156
(To record payment within discount term)
Answer:
Facilitating functions
Explanation:
Facilitating functions are those in a business activity that helps make the exchange and physical processes run smoothly.
They do not involve direct exchange of title of products or physical handing of goods.
For example the activities of marketers of a product results in easy sale of the product by the manufacturer.
Also activities like financing, market research, and risk taking are all facilitating activities that make a business run smoother
A sales representative calls on a prospective business customer only to find that the customer has an established relationship with another supplier that seems to be working well. the customer is not interested in considering other suppliers. the customer is currently in a STRAIGHT REBUY situation.
Your bank account has 3,500 in it. You add 2,000 to your account because someone gave it to you. That will leave you with 5,500 But, its time for you to make out your monthly bills. So take your 5,500 in your account and subtract 2,500. it will leave you with a cash balance of 3,000.
