Answer:
The adjusting entries are as follows
Explanation:
The adjusting entries are as follows
1. Sales return Dr $195,000
To Refund liabilities $195,000
(Being the sales return is recorded)
It is computed below:
= $10,500,000 × 9% - $750,000
= $195,000
2. Inventory estimated returns Dr $136,500
To Cost of goods sold $136,500
(Being the inventory estimated return is recorded)
It is computed below:
= $195,000 × 70%
= $136,500
Answer:
Purchases= 20,675 pounds
Explanation:
Giving the following information:
Production:
Feb= 20,900
Mar= 20,000
One pound of material is required for each finished unit.
Desired ending inventory= 25% of the following month's production needs.
<u>To calculate the purchase required for February, we need to use the following formula:</u>
Purchases= production + desired ending inventory - beginning inventory
Purchases= 20,900 + (20,000*0.25) - (20,900*0.25)
Purchases= 20,675
When performing work, there are specific requirements depending on which work Hayleah performs and these are <u>B) </u><u>Government </u><u>auditing </u><u>continuing education </u><u>requirement</u>
When dealing with governmental accounting:
- There are certain rules that must be followed.
- The specific rules imposed are to ensure better management of tax payer funds.
As a result, when a California CPA is involved in governmental work, specific rules known as the government auditing continuing education requirements will most likely apply.
In conclusion, option B is correct.
Find out more about different accounting standards at brainly.com/question/24441480.
Answer:
Cost of Goods Sold: 79,900
Explanation:
The returns decreases the net purchases, and the freight-in is a necessary cost for get the goods so; it is activate through inventory.
Beginning 5,000
Purchased 97,000
Return (6,500)
Fregith-in <u> 1,600 </u>
Good available: 97,100
The difference between goods available and ending inentory will be the cost of goods sale
Ending Inventory (17,200)
Cost of Goods Sold: 79,900
Answer:
Correct option is B.
The net benefit of the activity you would have chosen if you had not taken the course
Explanation:
Your opportunity cost of taking this course is <u>the net benefit of the activity you would have chosen if you had not taken the course
</u>
Opportunity cost is what you must sacrifice when you choose an activity. By taking this course, you are sacrificing the benefit you could have obtained from the activity you would have chosen if you had not taken the course.
