The required appropriate journal entries assuming Familla Corporation estimate that goods with a selling price of $1,150 and a cost of $500 that were sold on account are:
Dr Sales return $1,150
Cr Account Receiveble $1,150
Dr Cost of sales return $500
Cr Cash $500
Based on the given information the required journal entries are:
Familla Corporation Journal entries
December 31, 2022
Dr Sales return $1,150
Cr Account Receiveble $1,150
(To record sales return on account)
December 31, 2022
Dr Cost of sales return $500
Cr Cash $500
(To record cost of sales return)
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Answer:
B) Subtract them from the bank balance.
Explanation:
When you are adjusting your bank statement you must subtract any outstanding checks and add any deposits in transit.
In this case, the checks that were written at the end of December will probably be cashed during the next months, but the company must adjust their bank balance because they know that the checks will eventually be cashed, sooner or later.
Answer:
A Weighted average of the capital components costs.
Explanation:
The weighted average cost of capital (WACC) is, in simple language, the amount a corporation is required to reimburse on aggregate for all its security investors to fund its capital. The WACC is normally applied to by the cost of debt for the company. Crucially, it is determined by the outside market rather than by administrators.
Companies borrow capital from a variety of sources:: preferred stock, common stock, regular debt, contingent debt, transferable debt, options, shares, pension obligations, employee stock options, government grants, etc. Various securities, representing various sources of capital, are supposed to yield various returns.
I think that he should save it just in case if he needs the document again some other time.
Answer:
1 cubic feet
Explanation:
A square piece of cardboard 3 feet wide means that the area of this cardboard is 9 square feet.
If a square from each of the four corners is cut the length of each side will be 1 feet.
The white sides will be discarded while the Black will be used to form a Square box with open top. The edges of each square will be 1 feet. In this way the volume of the square will be:
Volume = 1 x 1 x 1 = 1 cubic feet