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professor190 [17]
3 years ago
11

On December 18, Intel receives $260,000 from a customer toward a cash sale of $2.6 million for computer chips to be completed on

January 23. The computer chips had a total production cost of $1.6 million. What journal entries should Intel record on December 18 and January 23
Business
1 answer:
dem82 [27]3 years ago
8 0

Answer:

December 18

Debit : Cash $260,000

Credit : Deferred Revenue $260,000

January 23

Debit : Cost of Sales $1.6 million

Debit : Deferred Revenue $260,000

Debit : Trade Receivable $2,340,000

Credit : Inventory $1.6 million

Credit : Sales Revenue $2.6 million

Explanation:

During December 18, the firm receives cash and must recognize this asset. On the other hand it should recognize the Liability, Deferred Revenue for the sale not yet completed.

During January 23, reverse the Deferred Revenue and recognize the Sales Revenue for that amount. Also recognize the cost of sales and decrease in inventory. the remainder not yet paid is a Trade Receivable and must be recognized.

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Both competitive firms and monopolies produce at the level where marginal cost equals marginal revenue. ​Then, other things rema
maria [59]

Answer:

A. Competitive markets face perfectly elastic demand and marginal​ revenue, while monopolies face​ downward-sloping demand and marginal revenue.

Explanation:

In the case when competitive firms and monopolies generated at the level in which the marginal cost is equivalent to marginal revenue keeping the other things constant so the price should be less in the competitive market as compared to the monopoly because in the competitive markets it face perfectly elastic demand but in the monopoly it face the down ward sloping demand curve

Therefore the option a is correct

5 0
3 years ago
Employee is related to
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Staff, worker, hired help
3 0
3 years ago
VF Corporation, maker of North Face and other popular "lifestyle" apparel brands, split itself into two separate organizations i
Triss [41]

The VF Corporation splits itself into two separate organizations in order to rank the performance prospects of the businesses from best to worst and determine what the corporate parent's priorities should be.

<h3 /><h3>VF Corporation</h3>
  • VF Corporation is one of the world's biggest clothing, footwear and embellishments organizations interfacing individuals with the ways of life, exercises, and encounters they esteem most through a group of notable open-air, dynamic, and workwear brands.
  • One of the World's Most Ethical Companies in 2022, and a global leader in defining and raising the norms of ethical business operations.

<h3>Why did VF Corporation decide to split?</h3>
  • They choose to part since they needed to decide the corporate parent's needs for allotting assets to its various organizations by positioning the presentation possibilities of the organizations from best to most horrendously terrible.
  • At the point when an organization, for example, VF divides its portions, the market capitalization when the split happens stays steady, meaning the investor presently claims more offers yet each is esteemed at a lower cost for every offer.
  • Frequently, be that as it may, a lower-valued stock for each offer premise can draw in a more extensive scope of purchasers.

Hence, In order to analyze the performance prospects of the businesses from best to worst and establish what the corporate parent's priority should be, the VF Corporation divides itself into two distinct groups.

To learn more about such Company Ethics refer to:

brainly.com/question/7310733

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4 0
2 years ago
What is the major determinant of supply? 
Lorico [155]
The available demand and goods
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4 years ago
6.You now have the agreement with the company and will sign the contract as you and the company are satisfied with the contract
REY [17]

your answer is build the relationship

8 0
3 years ago
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