Answer:
balance in sales returns account = $18200
Explanation:
given data
credit balance = $23,000
Sales = $680,000
cash collections = $720,000
returned = 4%
credit = $32,000
to find out
balance in the allowance for sales returns account
solution
we get here estimates for returns that is
estimates for returns = 4% of $680,000
estimates for returns = $27200
so
balance in the allowance for sales returns account will be express as
balance in the allowance for sales returns account = credit balance + estimates for returns - credit ....................1
put here value we get
balance in sales returns account = $23,000 + $27200 - $32,000
balance in sales returns account = $18200
Answer:
$10,942.20
Explanation:
The computation of the bond interest expense for the six month is shown below:
= Carrying value of the bond × effective interest rate × number of months ÷ total number of months in a year
= $218,844 × 10% × 6 months ÷ 12 months
= $10,942.20
By multiplying the carrying value of the bond with the effective interest rate and the number of months we can get the bond interest expense and the same is to be considered
Answer:
A
Explanation:
the price of product will increase
Answer:
A mixed economy has three of the followingcharacteristics of a market economy.
