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Kisachek [45]
3 years ago
15

how can you journalise this a supplier account had been debited with a $200 sales invoice (which had been correctly recorded in

the sales account).​
Business
2 answers:
Elina [12.6K]3 years ago
5 0

Answer:

700

Explanation:

700

liraira [26]3 years ago
4 0

Answer:

66vbkjhhggbnnngfvhhggjh

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Which of the following actions is least likely to help prevent and detect schemes involving fraudulent invoices from non-accompl
Valentin [98]

Answer: C. Matching all bank statement items to canceled checks.

Explanation: To help prevent and detect schemes involving fraudulent invoice and non accomplice vendors, matching all bank statement items to canceled checks is the right option to go with.

This action have proved to be effective and to at least prevent fraudulent invoice by vendors.

7 0
3 years ago
Read 2 more answers
The following information relates to current production of bench seats for boats at Aquamarine Manufacturing:
bearhunter [10]

Answer:

The operating income would be affected with a los off $716,000 besides the $95,000 that the company losses operating with the regular order.

Explanation:

Ok with the information provided lets set up the equations (we are going to separate the equations by regular order and especial order):

Regular order:

CT = 775,000 + 132X  (Total cost)

TR= 200X (Total Revenue)

OI = 68X - 775,000 (Operating Income)

Especial order:

CT = 785,000 + 117X  (Total cost)

TR = 140X (Total Revenue)

OI = 23X - 785,000 (Operating Income)

Now lets see how the operating income is with the production and selling of 10,000 bench seats:

OI = 68(10,000) - 775,000 = -95,000

This company operates at a loss of $95,000, now lets see how would operating income be affected by the especial order of 3,000 bench seats:

OI = 23(3,000) - 785,000 = -716,000

Another loss, so the operating income would be affected with a los off $716,000 besides the $95,000 that the company losses operating with the regular order.

6 0
3 years ago
Garcia Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pres
Nastasia [14]

Answer:

i d k

Explanation:

6 0
3 years ago
Haas Company manufactures and sells one product. The following information pertains to each of the company’s first three years o
Gre4nikov [31]

<u>Solution and Explanation:</u>

1 Breakeven point = Fixed cost/contribution per unit  

480000+360000 /(57-43)= 60000 Units

2. a  

                                                year 1        year 2           year 3

unit product cost                               41                    41                      41  

Direct material                              25  

Direct Labour                                       12  

Variable manufactoring overhead 4  

Variable costing unit product cost 41  

2. b <u> Variable expenses</u>    

Variable cost of goods sold      24,60,000        30,75,000      16,40,000  

Variable selling and administrative  1,20,000   1,50,000        80,000  

Total variable expenses         25,80,000   32,25,000        17,20,000  

Contributon margin                  8,40,000 -3,75,000 19,85,000  

Fixed expenses    

Fixed manufactoring overhead  4,80,000       4,80,000       4,80,000  

Fixed selling and administrative 3,60,000      3,60,000       3,60,000

Total Fixed Expenses                 8,40,000       8,40,000       8,40,000  

Net operating income                                       -12,15,000  11,45,000 Note                                            Year 1            year 2            year 3

Unit sold                                               60000      50000          65000  

Unit price                                         57                   57                  57  Sales                                            3420000 2850000 3705000  

Variable cost of goods sold    

Unit                                                          60000     75000         40000  

Unit cost                                                          41              41    41  

Total                                              2460000 3075000 1640000  Variable selling and administrative    

Unit                                                               60000 75000 40000  

Unit cost                                                                   2      2                2  Total                                                          120000 150000 80000

3      

a unit product cost                    year 1 year 2 year 3  

         Direct material                                           25              25      25  

Direct Labour                                                      12       12     12  

Variable manufactoring overhead              4                 4        4  

Fixed manufactoring over head                       8          6.4        12  

Variable costing unit product cost                  49           47.4 53  

Note    

Fixed manufactoring over head    

480000 divided by 60000                                       8.00    

480000 divided by75000                                       6.40    

480000 divided by 40000                                     12.00    

<u>b Hass company</u>    

Absorbtion costing income statement    

          Year 1                         year 2             year 3

Sales                            34,20,000        28,50,000        37,05,000  Cost of goods sold      29,40,000        23,70,000        33,05,000  Gross margin                      4,80,000           4,80,000           4,00,000  selling and admin exp       4,80,000           4,60,000           4,90,000  Net operating income               -                20,000             -90,000  Note    

Cost of goods sold    

Year 1 60000 multiply with 49 = 2940000  

Year 2 50000 multiply with47.4=  2370000  

Year 3 25000 * 47.4+40000 * 53=  3305000  

selling and administrative expenses    

Year 1 60000 * 2+360000 = 480000  

Year 2 50000 * 2+360000 = 460000  

Year 3 65000 * 2+360000 = 490000  

     

     

4 0
2 years ago
Cullen Company has $235,000 in credit sales, and $164,200 in its Accounts Receivable at the end of the year. The company uses th
S_A_V [24]

Answer:

Net Realizablel Value of Account receivable = $142,850

Explanation:

Particulars                                                             Amount

Total Accounts Receivable                                  $164,200

- Pre-adjusted Uncollectable Account balance  $7,250

- Current Year Uncollectable Amount                 <u>$14,100   </u> ($235000*6%)

Net Realizable Value                                            <u>$142,850</u>

4 0
2 years ago
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