Returns Outwards is the same as purchases returns.

Money you pay up front to reduce the amount you will owe is called a

blondinia [14]

Answer:

down payment

Explanation:

A down payment is money paid upfront in a financial transaction, such as the purchase of a home or car. Buyers often take out loans to finance the remainder of the purchase price.

5 0

3 years ago

The following partially completed process cost summary describes the July production activities of Ashad Company. Its production

Gelneren [198K]

Answer:

Explanation:

We solve this prblem in three steps

Step#1

In this step we will prepare the summary of units produces and trasffered and units in closing stock

Opening units 8000

Started 133000

141000

Transffered 122000

Closing 19000

Step#2

We will prepare production and cost table, total cost will be divided by the total units produced to identify the cost per unit incurred on material, labor and overheads.

Cost opening Current Total Complete Closing Equiv. Cost

Head Cost Cost Cost units WIP Units Per unit

Material 38,600 751,000 789,600 122,000 19,000 141,000 5.6000

Labor 1,480 138,820 140,300 122,000 13,300 135,300 1.0370

O.H 2,960 267,640 270,600 122,000 13,300 135,300 2.0000

Step-3

In this process we will calculate the cost incurred during the period.

Complete 122,000 8.64 1,053,708

Closing Wip

Material 19,000 5.60 106,400

Labor 13,300 1.04 13,792

Overheads 13,300 2.00 26,600

146,792

Total Cost 1,200,500

4 0

3 years ago

XYZ Company completed the following selected transactions:

Setler [38]

Answer:

2018

Date Account Tiles Debit$ Credit$

Jul.1 Notes receivable- Gp-Mart 43,000

Sales 43,000

Oct.31 Cash 23,000

Sales 23,000

Dec.31 Interest Receivable 3,440

Interest revenue 3,440

(43,000*16%*6/12)

Dec.31 Bad Debt Expense 4,200

Allowance for Bad Debt 4,200

(14,900 - 10,700)

2019

Date Account Tiles Debit$ Credit$

Apr.1 Cash 48,160

Notes receivable- Gp-Mart 43,000

Interest Revenue 1,720 (43,000*16%*3/12)

Interest Receivable 3,440

Jun.23 Note Receivable- Allure, Corp 7,000

Sales 7,000

Aug.22 Accounts receivable -Allure, Corp 7,070

Note Receivable- Allure, Corp 7,000

Interest revenue 70 (7,000*6%*60/360)

Nov.16 Note receivable - Tench . Inc 20,000

Cash 20,000

Dec.5 Cash 7,070

Accounts receivable -Allure, Corp 7,070

Dec.31 Interest Receivable 200

Interest revenue 200

(20,000*8%*45/360)

8 0

3 years ago

Cookies are categorized as session or persistent based on _____.

Vlad [161]

The cookies are categorized as session or persistent based on whether there is expiration date mentioned or not.

<h3>What are cookies on internet?</h3>

Cookies are basically text files that contain small pieces of data - like username or password - that are used to identify your computer while using a computer network.

Session Cookies: It does not contain an expiration date. These are stored in memory and never written to disk. When the browser is closed, the cookie is permanently lost afterwards.

Persistent Cookies: It contains an expiration date. On the date specified in the expiration, the cookie will be removed from the disk.

Read more about Internet Cookies here: brainly.com/question/28548547

#SPJ4

7 0

1 year ago

Travers Company is contemplating the acceptance of a special order has the following unit cost behavior, based on 10,000 units (

nydimaria [60]

Answer:

The amount of the incremental income from accepting the order is $21,750 .

Explanation:

<u>Incremental analysis of Accepting Special Order</u>

Hint : Consider Incremental Amounts Only

Sales (2,000 units × $36) $72,000

Less Expenses

Direct Materials ($5 × 2,000) ($10,000)

Direct Labor ($10 × 2,000) ($20,000)

Variable Overhead ($7 × 2,000) ($14,000)

Special stamping machine ($6250)

Incremental income/ (loss) $21,750

Note : There is excess capacity of 3,000 units (10,000 units - 7,000 units) to meet the Special Order. Hence

Fixed Overheads will be the same whether or not the special order is accepted, hence they are not included in the analysis.

Conclusion :

The amount of the incremental income from accepting the order is $21,750 .

5 0

3 years ago