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yarga [219]
2 years ago
11

On May 10, 2020, Marin Co. enters into a contract to deliver a product to Greig Inc. on June 15, 2020. Greig agrees to pay the f

ull contract price of $2,060 on July 15, 2020. The cost of the goods is $1,350. Marin delivers the product to Greig on June 15, 2020, and receives payment on July 15, 2020. Prepare the journal entries for Marin related to this contract. Either party may terminate the contract without compensation until one of the parties performs
Business
1 answer:
12345 [234]2 years ago
6 0

Answer:

May 15, 2020

No Entry

June 15, 2020

Debit: A/R for 2,060

Credit: Revenue for 2,060

Debit: COGS for 1,350

Credit: Inventory for 1,350

July 15, 2020

Debit: Cash for 2,060

Credit: A/R for 2,060

Explanation:

Preparation of the journal entries for Cosmo related to this contract.

May 15, 2020

No Entry

June 15, 2020

Debit: A/R for 2,060

Credit: Revenue for 2,060

Debit: COGS for 1,350

Credit: Inventory for 1,350

July 15, 2020

Debit: Cash for 2,060

Credit: A/R for 2,060

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Ludmilka [50]

Answer: D) Lila's employer has violated Title VII of the Civil Rights Act of 1964.

Explanation:

Based on the information given in the question, we can infer that Lila's employer has violated Title VII of the Civil Rights Act of 1964.

Title VII of the Civil Rights Act of 1964 simply protects employees against firm of discrimination that are based on sex, color, race, national origin, and religion.

Since Lila is pregnant and due for promotion but the promotion was given to Harry, she has been discriminated upon based on her sex.

Therefore, the correct option is D.

3 0
3 years ago
Forms used by the medical practice should be updated __________ and the codes verified with the current year's diagnostic and pr
Paladinen [302]

 I believe the correct word to fill in the blank is:

“Annually”

 

Forms which are used in medical practice and the accompanying medical codes used must always be updated annually to make sure that they are accurate and precise with regards to the latest practice in the medical field. This is extremely important especially that we are dealing with life and death.

8 0
3 years ago
A monopolistically competitive market A. is imperfectly competitive, and all imperfectly competitive markets are monopolisticall
Gala2k [10]

Answer:

D. is imperfectly competitive, but not all imperfectly competitive markets are monopolistically competitive.

Explanation:

Monopolistic competition may be seen as a variety of competition that determine the characteristics of variety of industries that are familiar to consumers in their day-to-day lives. For instance, restaurants, hair salons, clothing, and consumer electronics are all monopolistic competitive market but not all imperfectly competitive markets are monopolistically competitive.

4 0
3 years ago
Read 2 more answers
There are simultaneous changes in the demand for and supply of tablet​ devices, with the consequences being an unambiguous decre
lord [1]

Answer: c. Demand decreases and supply decreases.

Explanation:

When demand for tablets decrease, the demand curve shifts to the right. The price and quantity declines. At the same time, when supply also falls, the supply curve shifts to the left leading to an increase in price and a fall in quantity.

Since, decrease in demand and supply have opposite effect on the price there is no change in the price of tablets.

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3 0
3 years ago
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Fudgin [204]

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Explanation:

One may expect that a Scotland plant will be less labour intensive and efficient per worker than just Mexican facilities as a more advanced technological nation and that "higher productivity and low labour cost" will be the right answer.

Both possibilities for lower productivity can be excluded as they demonstrate lower productivity. "Higher productivity, but less energy per job" is not the solution because it recognises lower labour costs per worker rather than higher.

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