Solution:
Inventory 21,320 debit
A/P 21,320 credit
--to record purchase from Game Girl --
Inventory 360 debit
Cash 360 credit
--to record the freight-in--
A/P 1,560 debit
Inventory 1,560 credit
--to record returned goods to GameGirl--
A/P 19,760 debit
Inventory 395 credit
Cash 19,365 credit
--to record payment to GameGirl--
accounts receivables 17,360 debit
sales revenues 17,360 credit
COGS 8,406 debit
8,406 credit
--to record sale and subsequent cost of the sale--
total amount of the purchase in dollars:
82 game devices x 260 dollars each = 21,320
six returned devices:
6 x 260 = 1,560
invoice balance: 21,320 - 1,560 = 19,760
discount because payment within the first ten days:
19,760 x 2% = 395
final value: 19,760 - 395 = 19,365
sale of 62 devices at 280 = 17,360
<u>National Computers, Inc., was incorporated in Nebraska, has its main office in Kansas, and does business in Missouri. National is subject to the jurisdiction of </u>( a)Nebraska, Kansas, and Missouri
Explanation:
<u>There are certain Jurisdiction Based on Real Property Ownership which are limited and are termed as "in rem" jurisdiction</u>
A state( Kansas ,Missouri) has limited jurisdiction (which lawyers term as "in rem" jurisdiction) over a non-resident person or business that owns real property in the state. The Jurisdiction is limited in two ways:
- Jurisdiction is applicable only to the fair market value of the real property. This means that if you sue a non-citizen who owns an business worth $800,000, then in this case ,your judgment can be worth is $800,000.
- Also if , the claim is related to the property. For example, if you met an accident on the property of a non-resident owner of an business house, you could get jurisdiction over the owner. But you could probably not get jurisdiction over the non-resident owner if the lawsuit grows out of an entirely separate problem that has nothing to do with the apartment house.
Answer:
c. Do nothing with the information. The statistics reported are invalid
Explanation:
Answer:
Checklists are clear
Explanation:
<u>checklist</u><u>:</u><u>-</u>
- Checklist is the simplest method for systematizing scoping of the likely effects of a proposed policy.
- They help point out areas that require a more detailed assessment.
- This way, checklists can help to organize the assessment and identify the most important issues.
<u>Steps</u><u> </u><u>to</u><u> </u><u>create</u>
Step 1: Do a “brain dump”
Step 2: Organize and prioritize tasks.
Step 3: Put them on your to-do list.
Step 4: Check off each item as you complete it.
Step 5: Continue adding items as they come up.
Answer:
A quantity discount
Explanation:
A quantity discount analyses
This is often regarded as a technique used to examine the gradual growth change in cost between quantities all amidst or within a supplier's price quotation.
Its characteristics
1. This simply allows buyer to verify that quantity discounts are reasonable and also buyer may be able to negotiate price improvements
2. Buyer may be able to negotiate price improvements
Quantity Discount
This is simply a token or an incentive offered to a buyer that brings about in a decline in cost per unit of goods or materials when purchased in greater numbers. It is a marketing strategies used by sellers. It is offered by sellers to entice buyers to purchase in larger quantities.