Answer: Cash $1,960
Sales returns and allowances $800
Sales discount $40
Accounts receivable $2,800
Explanation:
Sales = $2,800
Sales returns = $800
Discount rate = 2%
The final amount due will be:
= Sales- Sales returns
= $2,800 - $800
= $2,000
Sales discount = 2% × $2,000 = $40
Cash received will be:
Final amount due - Sales discount
= $2,000 - $40
= $1,960
The journal entry will be:
Debit Cash $1,960
Debit Sales returns and allowances $800
Debit Sales discount $40
Credit Accounts receivable $2,800
Since the student comments to his roommate that the only way he will be able to pass his final exams is to not sleep for the next three days, one can say that the statement suggests that option c) there is a trade off between studying and sleep.
<h3>What means trade-off?</h3>
The Definition of trade-off is known to be the act or the process that is used in equalizing the factors all of which are not able to achieve at the same time such as the trade off between studying and sleep.
Note that the term trade-off is seen as a point where there is a situational decision that entails the act of lowering or losing one quality, quantity and even property so that one can be able to get other aspects or things,
Therefore, Since the student comments to his roommate that the only way he will be able to pass his final exams is to not sleep for the next three days, one can say that the statement suggests that option c) there is a trade off between studying and sleep.
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A student comments to his roommate that the only way he will be able to pass his final exams is to not sleep for the next three days. This statement suggests that a) students are more concerned about good grades than health b) society should value sleep more c) there is a trade off between studying and sleep d) society should value good grades more than sleep
An organization that has a strong ethical environment usually has a core value of placing customers interests first.
<h3>What is Environmental ethics ?</h3>
Environmental ethics can be regarded as as the are that focus on the conceptual foundations of environmental values and handling of issues in order to sustain biodiversity and ecological systems.
Therefore, option E is correct.
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Answer:
1. Requires substantial resources.
2. produces different numbers than a traditional system.
3. Is costly to maintain.
Explanation:
Activity-based costing (ABC) system is a method of accounting assigns the total cost of activities such as manufacturing overhead costs and indirect costs necessary to produce a product or provide a service.
Basically, an activity-based costing (ABC) system is focused on the cost drivers associated with the respective activities, which are responsible for cost to be incurred. The cost drivers are activities such as direct labor, purchase order, machine use etc.
<em>Hence, an activity-based costing system requires substantial resources, produces different numbers than a traditional system and is costly to maintain.</em>
Answer:
(a) Earnings per share = Net income ÷ Number of shares
= $22,500,000 ÷ 6,500,000
= $3.46
Price-earnings ratio = Stock price ÷ Earnings per share
= $72 ÷ $3.46
= 20.81
(b) Earnings per share = Net income ÷ Number of shares
= $22,500,000 ÷ (6,500,000 + 650,000)
= $3.15
R = (M0 - S) ÷ (N + 1)
= ($72 - $66.50) ÷ (7 + 1)
= $0.69
where,
M0 = current market price of Walker common stock
S = selling price per share
N = seven rights is needed to buy one of the new shares
Ex-rights price = Rights-on price - Rights value
= $72 - $0.69
= $71.31
Price-earnings ratio = Stock price ÷ Earnings per share
= $71.31 ÷ $3.15
= 22.64
