today's world, 96% of consumers have used a coupon in the past 90 days. JC Penney tried to break consumers of the coupon habit in 2012 and quickly saw a 23% drop in sales for the first three quarters of 2012. If JC Penney couldn't change people's shopping behavior, you probably can't either.n: so i guess its c
Answer: True.
Explanation: The journal entry would be made with processing cost system when the units would have been completed in respect to the work done. The statement is " true".
Processing cost system is used when nearly identical product are produced in mass. The process costing can be described as one method of assigning manufacturing cost to unit produced.
Answer:
The answer is: A : It will increase income in the period it is collected.
Explanation:
Under the allowance method, the company estimates bad debt expenses. So any bad debt written off will affect only the balance sheet by:
- Dr Allowance for doubtful accounts
- Cr Accounts receivable
If unexpectedly your client decides to pay their debt, this should be recorded as:
- Dr Accounts receivable
- Cr Allowance for doubtful accounts
and then the payment should be recorded increasing the income for the current period:
- Dr Cash
- Cr Accounts receivable
The statement that was stated is true. It is true that if your driver license and plates have been under suspension for 30 days or more for a no-fault insurance violation, a police officer can seize your license plates immediately.
Answer:
The adjusted basis of Kevin is :
Current number of Shares: 1250[After Sales]
Share Price: $475[Last revaluation figure of Bluebird]
Current Value: $593,750[1,250 * $475]
Explanation:
Recognition of gain on disposal of an investments in Shares are accounted for using the Fair Value method. The Fair value method is applied to Share Investments not exceeding 20% of a company's stock. Investments of this nature are revalued at each reporting date while gain or loss are recognized through Profit and Loss account.
An income is realized when the value of the sold investments exceeds the reporting value. Likewise a loss is recorded when the value of the sold investments falls below the reporting value.
Kevin's investment will still be valued at the Bluebird's last revaluation date which is 12/31/19 -$475.
Therefore the remaining shares of 1250 units is multiplied by $475 to arrive at $593,750
