Typically homes blank over time and cars blank over time

Presented below are transactions related to Bogner Company.

antoniya [11.8K]

Explanation:

The journal entries are shown below:

a. On December 3

Account receivable A/c Dr $570,000

To Sales $570,000

(Being the goods are sold on credit)

Cost of goods sold A/c Dr $350,000

To Merchandise Inventory A/c $350,000

(Being goods are sold at cost)

On December 8

Sales return and allowance A/c Dr $20,000

To Accounts receivable $20,000

(Being sales return is recorded)

On December 13

Cash A/c Dr $539,000

Sales Discount A/c Dr $11,000

To Accounts receivable $550,000

(Being cash received recorded)

The computation of the account receivable

= Credit sales - returned goods

= $570,000 - $20,000

= $550,000

And, the discount would be

= Accounts receivable × percentage given

= $550,000 × 2%

= $11,000

The remaining amount would be credited to the cash account.

b. On January 2

Cash $550,000

To Account receivable $550,000

(Being the receipt of payment is recorded)

6 0

3 years ago

two small countries, palau and tuvalu produce two goods: fish and coconuts. palau can produce 60 fish per hour or 20 coconuts pe

yuradex [85]

The opportunity cost of producing one fish for Pilau is 1/4 coconut.

<h3>What is the opportunity cost?</h3>

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Opportunity cost arises because the resources available to carry out production activities are available in limited quantities. So, when economic agents decide to produce a good, they forgo the opportunity to use the same resources to produce another good.

Economic theory suggests that the good that should be produced is the good that has the least opportunity cost.

Opportunity cost for Pilau of producing fish : 20 / 60 = 1/4 coconut

Please find attached the complete question. To learn more about opportunity cost, please check: brainly.com/question/26315727

#SPJ1

5 0

2 years ago

analysis involves the comparison of different firms' financial ratios at the same point in time. A. Marginal B. Crossminus sect

omeli [17]

Cross sectional analysis involves the comparison of different firms' financial ratios at the same point in time.

Explanation:

Cross sectional analysis is that analysis where the comparison is done between different firms' financial ratios. Cross analysis is important in business because it does various research so that data can be collected based on many variables at a particular point of time.

Cross sectional analysis is mainly preformed in industries as well as performed during marketing research to verify the truth or false related to various assumptions. Cross sectional analysis is mainly quantitative or it can be mixed method.

5 0

3 years ago

umulative trauma disorders are a common type of musculoskeletal disorders (MSDs). Select the statement which is accurate about c

Bad White [126]

The answer is B or A but i would go with A.hope its right

8 0

3 years ago

A corporation in a 34% tax bracket invests in the preferred stock of another company and earns a 6% pretax rate of return. An in

miskamm [114]

Answer:

5.38% and 5.1%

Explanation:

In this question, we are asked to calculate the after tax return to the corporation and the after tax return to the investor.

What is meant by after tax return is simply the profit made after we subtract the amount of taxes. It is simply revenue less the amount of tax paid.

We calculate the values as follows:

For the corporation;

The after tax return can be calculated by the following mathematical expression;

After tax return to Corporation = 0.06 - (0.06 * 0.3) * 0.34 = 0.0538 = 5.38/100 which is same as 5.38%.

After tax return to the individual investor = 0.06(1-0.15) = 0.06 * 0.85 = 0.051 or just 5.1%

3 0

3 years ago

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