Answer:
D. Merchandise Inventory xxx
Accounts Receivable xxx
Explanation:
The Journal Entry is shown below:-
Merchandise Inventory A/c Dr, xxx
To Accounts Payable xxx
(Being purchase of inventory on account is recorded)
Therefore inventory is purchased so it will increasing assets, it is debited while accounts payable is increasing liabilities so it is credited.
Answer:
$120 per unit
Explanation:
The computation of minimum acceptable transfer price is shown below:-
If the division of the transferor does not have spare capacity, the minimum transfer price is equal to variable cost per unit and the contribution margin per unit
Minimum transfer price = Variable cost per unit + (Selling price to outside customers - Variable cost per unit)
= $72 + ($120 - $72)
= $72 + $48
= $120 per unit
Therefore for computing the minimum transfer price we simply applied the above formula.
Answer:
1. The stand-alone price for installation service using adjusted market assessment is $180
2. The stand-alone price for installation service using expected cost plus margin is $182
3. The stand-alone price for installation service using residual is $182
Explanation:
1. According to the given data the market price at which similar vendors charge installation service should be taken as the stand-alone price which is $180
Therefore, The stand-alone price for installation service using adjusted market assessment is $180
2. The stand-alone price of the installation service using expected cost plus margin would be a follows:
Stan−alone price=Estimated Cost+Estimated margin
=$130+(40%×$130)
=$182
Therefore, The stand-alone price for installation service using expected cost plus margin is $182
3. The stand-alone price of the installation service using residual would be a follows:
Stand−alone price=Total transaction price−Stand−alone price for T.V−
−Stand−alone price for compensation and other costs
=$2,020−$1,810−$130
=$80
Therefore, The stand-alone price for installation service using residual is $182
Net purchases including Freight-in and cost of goods purchased were $3666,000.
calculation:-
Purchases $404,000
Purchase Returns and Allowances $13,000
Purchase Discounts of $9,000,
Freight-In $16,000.
Net purchases and cost of goods purchased = ( $404,000 - $13,000 -$9,000 - $16,000.)
Freight-in is the cost incurred to ship finished goods to a distributor or retailer. Freight-in is considered a selling expense and is expensed when incurred.
Freight-out is the cost of delivering finished goods to a customer. The cost of freight charges paid to ship goods sold to customers is called freight-out, and it is paid by the seller, not by the purchaser.
The shipping cost is to be paid by the buyer of merchandise purchased when the terms are FOB shipping point. Freight-in is considered to be part of the cost of the merchandise and should be included in inventory if the merchandise has not been sold. It is a direct expense and is thus debited to the trading account.
Learn more about Freight-In here:-brainly.com/question/24920251
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Answer:
a. Partnership
Explanation:
Brazil is a market that can be tricky if exporting is used. Botanico is struggling at 2nd position with only 20% share but are efficient in manufacturing and distribution which can be utilized by Heartland. Heartland is known as trend setter which is something Botanica lacks currently to woo the young women and girls into buying their products A partnership would simply result that competitive edges of both the parties can be employed together to win over the market.
