Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 21,400 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $24,700. An additional 101,000 units were started into production during the month. There were 34,000 units in the ending work in process inventory of the Welding Department that were 70% complete with respect to conversion costs. A total of $853,880 in conversion costs were incurred in the department during the month. The cost per equivalent unit for conversion costs for the month is closest to:_______
a. $8.486
b. $9.965
c. $8.738
d. $9.200

Answers

Answer 1

Answer:

$7.830

Explanation:

Calculation for the cost per equivalent unit for conversion costs for the month

First step is to compute for the Unit transferred out =

Unit transferred out = 21,400+101,000-34,000

Unit transferred out = 88,400

Second step is to compute for the Equivalent unit of conversion

Equivalent unit of conversion = 88,400+(34,000*70%)

Equivalent unit of conversion = 88,400+23,800

Equivalent unit of conversion = 112,200

Last step is to compute for the Cost per equivalent unit of conversion

Cost per equivalent unit of conversion = (24,700+853,880)/112,200 = 7.931

Cost per equivalent unit of conversion = 878,580/112,200

Cost per equivalent unit of conversion = $7.830

Therefore the cost per equivalent unit for conversion costs for the month is closest to $7.830


Related Questions

You, a Captain, are a section chief in Military Personnel and 2d Lt Smith’s supervisor. Lt Smith is a Force Support Officer. She has been on active duty for a year and in her present job for 10 months. She supervises 21 enlisted personnel who perform a variety of administrative tasks in support of a tactical fighter wing. She majored in business administration in college, served 3 years as an administrative specialist, and was an E-4 before being accepted for OTS. As an enlisted member, she graduated from technical school as an honor graduate and was cited on numerous occasions for outstanding performance. Her supervisors considered her a valuable asset to the unit and an expert in her area of responsibility. She’s very enthusiastic about her work and plans to make the Air Force a career.
Lieutenant Smith took over her job 2 months after the unit had received a rating of “marginal” by the numbered Air Force Inspector General’s evaluation team. At the end of her first week on the job, Lt Smith called her NCOIC and key supervisors together and told them that she wouldn’t tolerate marginal performance, that she had previous experience in this type of work, and would be looking at the quality of their work very closely. Since that time, Lt Smith has attempted to supervise every phase of work in her office and, at times, has involved herself in even the most routine decisions. Lt Smith assigns people to certain jobs within the office, plans the work schedule, leave schedule, and does most of the counseling in the office.
In the last 6 months, Lt Smith has ordered several people to work overtime to complete routine work ahead of schedule. Each time this has happened, the NCOIC has asked the lieutenant for permission to speak to her immediate supervisor. On each occasion, the lieutenant has told the senior master sergeant he must not take these internal problems to you, because she’ll take care of any problems in her section--and the NCOIC should remember who writes his EPR.
Most of the time, when Lt Smith approaches the work or break area where the workers are congregated, she notices all conversation stops and the personnel won’t talk to her unless she addresses them first. After reviewing a report yesterday, Lt Smith became very impatient. She bypassed his NCOIC and took the report directly to the Airman who had typed it. While Lt Smith was berating the Airman about the typing errors, the NCOIC walked into the office and asked the Airman what the problem was. The lieutenant became flustered, told the NCOIC she was tired of doing his job for him, and shoved the report into his hands. Lt Smith then went into her office and slammed the door.
The NCOIC relayed this situation to you and asked for your help. How will you help? BACKGROUND
*ENVIRONMENT: Airforce Base
*PEOPLE INVOLVE: The Captain, Lt Smith, Airman and NCOIC.



PROBLEM DEFINATION
*Lt Smith Unprofessional Behavior



DIAGNOSIS
*Marginal Performance
*Previous Experience
*Enthusiastic With her Job
*Academic Credibility

You, a Captain, are a section chief in Military Personnel and 2d Lt Smiths supervisor. Lt Smith is a

Answers

The lieutenant Smith has taken leave, and everything is running smoothly. People are, however, more attentive when she is present. Decisions are being delayed, and morale was low. The and other important supervisors are worried which some people may decide to due to her supervision, leave the service style.

Several issues must be addressed as a result of this case study. Lieutenant Smith's micromanagement technique is causing morale issues and may lead to retention issues, which is one of the main concerns. It's also troubling that she's requesting people to work extra hours without proper authorization or regard for the impact on their personal lives.

As her boss, you ought to tackle these concerns with Lt Smith and advise her on proper supervisory techniques. You could advise her to delegate more responsibilities to her NCOIC and other key supervisors, and to concentrate in strategic planning and decision-making instead of micromanaging every detail. We should also emphasise the significance of adhering to proper procedures for authorising overtime and taking into account the impact on personnel.

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Why might customers choose to use a business that doesn’t meet all their needs?

Answers

Explanation:

they need meet needs so no business

Say you bought a share of Sun Microsystems for $100 and a share of Cisco for $10. The price of each is currently $15. Assuming taxes are not an issue, which would you sell if you need $15?

Answers

the cisco share because you have made a profit from it

Concentration ratios measure the Group of answer choices geographic location of the largest corporations in each industry. degree to which product price exceeds marginal cost in various industries. percentage of total industry sales accounted for by the largest firms in the industry. number of firms in an industry.

Answers

Answer:

percentage of total industry sales accounted for by the largest firms in the industry.

Explanation:

The concentration ratio calculated the market share percentage for an industry and the same is held by the larger firms inside the industry. Also it determined the total output that could be generated from the number of firms in the industry

Therefore as per the given options, the above options should be considered correct

Credit unions may be federally or state chartered. If a credit union is chartered at the federal level, it is subject to the regulations imposed by the
A. Federal Reserve.
B. National Credit Union Administration.
C. State Banking Commission.
D. Federal Credit Union Insurance Fund.
E. Office of the Comptroller of the Currency.

Answers

If a credit union is chartered at the federal level, it is subject to the regulations imposed by the National Credit Union Administration. Therefore the correct option is option B.

The credit unions can be federally or state chartered. If a credit union is chartered at the federal level, it is subject to the regulations imposed by the National Credit Union Administration (NCUA).

A credit union is a member-owned financial cooperative, controlled by its members and operated on the principle of people helping people, providing its members with credit at competitive rates as well as other financial services such as savings, loans, and insurance products.

The primary purpose of credit unions is to provide credit to members, and they operate as non-profit organizations. Credit unions serve people who share a common interest, such as the same workplace or labor union. The correct answer is option B.

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Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?

Answers

Answer:

≈ 9644 quantity of card

Explanation:

given data:

n = 4 regions/areas

mean demand = 2300

standard deviation = 200

cost of card (c) = $0.5

selling price (p) = $3.75

salvage value of card ( v ) = $ 0

The optimal production quantity for the card can be calculated using this formula below

= u + z (0.8667  ) * б

= 9200  +  1.110926 * 400

≈ 9644 quantity of card

First we have to find u

u = n * mean demand

 = 4 * 2300 = 9200

next we find the value of Z

Z = ( \(\frac{p-c}{p-v}\) )

   = ( 3.75 - 0.5 ) / 3.75   = 0.8667

Z( 0.8667 ) = 1.110926 ( using  excel formula : NORMSINV (0.8667 )

next we find б

б = 200\(\sqrt{n}\) = 400

Shantel is trying to implement the use of data bars on a report that she created. She has selected the Conditional Formatting Rules Manager dialog box. What should she do next?

Edit a rule.
Create a rule.
Close the dialog box.
View the data bars.

Answers

Answer:

C

Explanation:

Answer:

b

Explanation:

b. Create a rule

Suppose a monopolist produces in a market with two distinct segments: market 1, which is denoted as M1 on the graph, and market 2, denoted as M2. The firm's marginal and average costs are $20.

Answers

A monopolist is an individual, gathering, or organization that controls each of the business sectors for a specific decent or administration. The profit in market 1 is $1,600,  The profit in market 2 is $450 and  Demand is more elastic in market 2

(A) Profit = Total revenue - total cost = P*Q - MC*Q = (P-MC)*Q

Profit in market 1

P1 = $60, Q1 = 40, and MC = $20

So, Profit in market 1 = (60-20)*40 = 40*40 = $1,600

(B) Profit in market 2

P2 = $35, Q2 = 30, and MC = $20

So, Profit in market 2 = (35-20)*30 = 15*30 = $450

(C) Demand is more elastic in market 2 as a monopolist charges a lower price in the more elastic market so as P2 < P1 then market 2 is more elastic.

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This question is not complete, Here I am attaching the complete question: also, attaching the diagram

Suppose a monopolist produces in a market with two distinct segments: market 1, which is denoted as M1 on the graph, and market 2, denoted as M2. The firm's marginal and average costs are $20.

(A) What is the profit of market 1?

(B)  What is the profit of market 2?

(C) In which market is demand more elastic?

Suppose a monopolist produces in a market with two distinct segments: market 1, which is denoted as M1

Text aids are sources of information regarding the contents of a book or document.
Please select the blest answer from the choices provided
От
Of

Answers

Answer:

TRUE

Explanation:

Text aids are sources of information regarding the contents of a book or document a true statements. Thus, option A is correct.

What is a text aid?

Text aids provide sources of knowledge on a book's or document's topics. When we first proceed to read it, the knowledge in document aids can assist us to comprehend its meaning.

Most nonfiction texts make use of text aids. Characteristics in the text draw the editor's attention to particular sections and aid in the identification of key concepts.

The reader is provided with additional details that back up it text through the use of illustrations in the form of photos or infographics. This helps in a better understanding of the texts that are provided. Also, it can illustrate a book and also help in giving an example.

Therefore, option A is the correct option.

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STEP 5 Use practical examples from BRICK 'n TILE to differentiate between short and long-run costs. (10) TOTAL: [50]​

Answers

BRICK 'n TILE, a hypothetical company, can differentiate between short-run and long-run costs by considering examples such as immediate production costs (short-run) and investment in new production facilities (long-run).

Short-run costs refer to expenses that a company incurs in the immediate period, where some factors of production are fixed and cannot be easily adjusted. In the case of BRICK 'n TILE, short-run costs could include the costs of raw materials, labor, utilities, and maintenance for their existing production facilities. These costs are essential for the day-to-day operations and can be directly linked to the current level of production.

On the other hand, long-run costs encompass expenses that can be adjusted in the long term to adapt to changes in production levels and scale. For BRICK 'n TILE, an example of a long-run cost would be the investment in new production facilities or equipment. If the company decides to expand its operations or increase its capacity, they may need to construct a new manufacturing plant or purchase advanced machinery. These costs are incurred over an extended period and are associated with strategic decisions that affect the company's production capabilities in the long run.

Differentiating between short-run and long-run costs is crucial for effective financial planning and decision-making. Short-run costs help determine the immediate profitability of the company's operations, while long-run costs factor in the potential growth and expansion strategies. Understanding the distinction between these cost categories allows BRICK 'n TILE to make informed decisions regarding short-term production levels and long-term investment in infrastructure and technology.

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A sentence that contains one independent clause and one or more dependent clauses is a

Answers

Answer:

Complex sentence they always have one independent clause + 1 or more dependant clause

Joined by using conjunctions!

Question 16 of 20
Frank just met with his marketing team to create his billboard sign. So far, he
knows the billboard will have a catchy slogan, a brief description about the
company and what makes them different, and information directing
customers to visit his website. What element of an effective advertisement is
Frank's billboard missing?
A. Unique selling proposition
B. Call to action
C. Appropriate information
O D. Exciting graphics and color

Answers

Answer:

b. call to action

Explanation:

An element of an effective advertisement is Frank's billboard missing is Call to action. Thus the correct option is B.

What is advertisment?

An advertisement is referred tool of promotion to create awareness of any product among customers and persuade them to make a purchase which helps in the sales of the product.

In this paragraph, it is described that Billboards have a catchy slogan that gets successful gets the attention of the customer, and influences them to make a visit to their website.

The element of effective advertising which the billboard is missing is a call to action that encourages customers to take action of buying. Here Billboards is unable to tell a story to engage customers so that they will not turn their actions of buying.

Therefore, option B is appropriate.

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Property that a business uses to secure a loan is

Answers

Answer:

Business loans are usually secured with collateral, which is an asset pledged to the lender by the borrower for the life of the loan. The collateral can be seized and sold to repay the loan if the borrower defaults. Lenders use collateral to reduce the risk of losing money on the loan.

Explanation:

Plot the data in the table on the graph below. Remember, price is on the vertical axis and quantity is on the horizontal axis. PLEASE HELP

Plot the data in the table on the graph below. Remember, price is on the vertical axis and quantity is

Answers

Explanation:

Plot the data in the table on the graph below. Remember, price is on the vertical axis and quantity is on the horizontal axis.

Quantity is on the horizontal axis so the data in the price column are X values

Price is on the vertical axis so the data in the price column are Y values

Quantity is in thousands so your points are:

(1000 , 10)

(2500 , 9)

(4000 , 8)

(5500 , 7)

(7000 , 6)

(8500 , 5)

(10000 , 4)

(11500 , 3)

(13000 , 2)

(14600 , 1)

(16000 , 0)

[NOTE: a photo of the graph grid has not been provided in the photo so scaling may not be exact]

Please upload a photo of the grid you are given for a graph to size.

Plot the data in the table on the graph below. Remember, price is on the vertical axis and quantity is

Your grandmother asks for your help in choosing a certificate of deposit​ (CD) from a bank with a​ one-year maturity and a fixed interest rate. The first certificate of​ deposit, CD​ #1, pays 1.95 percent APR compounded monthly​, while the second certificate of​ deposit, CD​ #2, pays 2.00 percent APR compounded weekly. What is the effective annual rate​ (the EAR) of each​ CD, and which CD do you recommend to your​ grandmother?

Answers

Answer:

1.97% and 2.01%

Explanation:

The computation of the effective annual rate is shown below:-

Effective annual rate = (1 + Annual percentage rate ÷ n)^n -1

For CD 1

= (1 + 0.0195 ÷ 12)^12 - 1

= (1 + 0.001625 )^12 - 1

= (1.001625 )^12 - 1

= 1.97%

For CD 2

= (1 + 0.02 ÷ 2)^2 - 1

= (1 + 0.01 )^2 - 1

= (1.01)^2 - 1

= 2.01%

CD 2 will recommend to the grandmother

at the best answer for the question
The selling of goods and/or services to a customer is called

A.Service Industry
B.Food Service
C.Purchasing
D.Retail

Answers

Answer:

The correct answer is D. Retail.

Explanation:

Retail is the sale to the final consumer of goods and services. It is a sector formed by different branches (such as the food industry, the fashion industry, the home industry, etc.), which constitutes the last link in the supply chain that goes from the manufacturer to the consumer, it is In other words, it is the culmination of the process of production of goods and services, when they reach the consumer. This sale is usually carried out in stores, supermarkets, pharmacies, internet platforms and any other place where goods and services can be offered to final recipients.

please give me correct answer with explanation​

please give me correct answer with explanation

Answers

Answer:

If ur asking for a subscription u got it

Explanation:

thx for the pts

explain in a essay on good or bad services that you have at a hospital​

Answers

Title: An Assessment of Good and Bad Services in a Hospital

Hospitals are crucial institutions that provide essential medical care to individuals during times of illness or injury.

The quality of services offered by hospitals plays a significant role in patient satisfaction, outcomes, and overall healthcare experience.

In this essay, we will explore and evaluate both good and bad services that can be encountered in a hospital setting. Prompt and Efficient Care: A hallmark of a good hospital is the ability to provide prompt and efficient care.

This includes minimal waiting times, quick triage processes, and timely access to medical professionals. Patients appreciate hospitals that prioritize their well-being and minimize unnecessary delays.

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In the present quickly developing medical services, administration quality assumes a vital part in forming patients' encounters and fulfillment. Hospitals, as the essential suppliers of medical services administrations, are supposed to convey great consideration in a humane and effective way.

Administration quality in hospital settings can change essentially, affecting patients' encounters, fulfillment, and in general medical services results. While great emergency clinics focus on empathy, powerful correspondence, and idealness, examples of unfortunate help, like breakdowns in correspondence and significant delays, can sabotage patients' trust in the medical services framework.

Hospitals should consistently evaluate and further develop their administration conveyance to guarantee that patient-focused care stays at the cutting edge of their tasks.

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1. What situations might have created the budget deficit for the Constantine family?

Answers

Answer:

The situations that might have created the budget deficit for the Constantine family are an unexpected increase in rent, higher cost of food( away), higher cost of personal gifts, and donations. The current budget deficit is $210. These are the items of expenditure that could have increased and have led to the budget deficit for the Constantine family.

Explanation:

A sudden rise in rent, greater food (away) costs, higher prices for presents for family members, and contributions are all possible causes of the Constantine family's budget shortfall.

What is a budget deficit?

An overrun in spending over income results in a budget deficit, which can be a sign of a nation's financial stability. The phrase is frequently used to describe government expenditure rather than that of companies or people.

Budget deficits have an impact on the total amount a nation owes to creditors, the total of its annual budget deficits, and the national debt.

Current costs surpass the amount of money obtained via routine operations when a budget deficit is detected. A government may boost revenue-generating activities or reduce specific expenditures in order to balance the country's budget deficit, also known as a fiscal deficit.

A budget deficit may result in more borrowing, greater interest costs, and insufficient investments, all of which reduce income for the next year.

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A term loan is a loan with maturity of less than a year

Answers

Answer:

False

Explanation:

A term loan is a type of credit facility that is characterized by

a fixed repayment period, which is usually in yearsa fixed loan amount a repayment schedule a pre-determined interest rate.

A borrower can choose between a fixed or floating rate of interest for repayment of the advance. Lenders demand the loan to be repaid on or before the agreed period.

Terms loan are suitable for financing expensive purchases. The time in years allowed for repayments makes it easier for the acquisition of the expensive items.

A company has the choice of either selling 600 apples or processing them into applesauce. The company could sell the apples as is for $1,200. Alternatively, the apples could be made into applesauce with incremental costs that consist of $360 of direct materials, $600 of direct labor, and $480 of overhead. The applesauce can be sold for $3,000. Required:
What is the amount of incremental revenue from processing the apples into applesauce?

Answers

The amount of incremental revenue from processing the apples into applesauce is $1800.

What is the incremental revenue?

Incremental revenue is the change in revenue when the total income earned from a product changes as a result of modifying the product.

Incremental revenue = revenue from the applesauce - revenue from selling apples

$3000 - $1200  = $1800

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Preference decisions compare potential projects that meet screening decision criteria and will be ranked in their preference order to differentiate between alternatives with respect to all of the following characteristics except:________a. importanceb. desirabilityc. feasibilityd. political prominence

Answers

Answer:

D

Explanation:

Political prominence inst determined in any of the capital budgeting methods. Also, political prominence shouldn't be a deciding factor when making an investment. a project might be politically prominent but it is unprofitable or doesn't align to the goals of the company.

is a means of using time of purchase as a fence to charge a lower price to the
less informed market segment.
Peak-load pricing
High/low pricing
Promotional discount
Advance purchase discount

Answers

Promotional discounts are a means of using time of purchase asa fence to charge a lower price to the less informed marketsegment.

What is Promotional discounts?

A sales tactic known as promotional pricing involves brands temporarily lowering the price of a good or service in order to draw potential clients and buyers. A brand can artificially boost the value of a good or service by temporarily decreasing the price and fostering a sense of scarcity.

A sales discount is a lower price that a company offers on a good or service. Find out how to add discounts to invoices. A sales discount, usually referred to simply as a "discount," offers clients of a business a lower price on one or more of the goods or services being provided.

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Would increasing taxes be expansionary or contractionary policy?

Answers

Answer:

Expansionary fiscal policy includes either increasing government spending or decreasing taxes. An economy that is producing too much needs to be contracted. In that case, contractionary fiscal policy (either decreasing government spending or increasing taxes) is the correct choice.

which skill ensures that you fallow fair/legal practices in your work and while dealing with people in an organization

A. analytical
B. leadership
C. communication
D. computer
E. corporate ethics​

Answers

Answer:

e.

Explanation:

Answer:

E

Explanation:

trust me bro

Which option identifies the law represented in the following scenario?
Bauer comes out with a new hockey skate, and last year’s model sits on the shelves. The local hockey shop places last year’s model on sale for half price.


law of demand

law of diminishing marginal utility

law of supply and demand

law of supply

Answers

Answer:

A. law of demand

Explanation:

"The AFS Investments account consists of two investments in debt securities purchased in a prior year. CU DENVER elects to employ a fair value method for year-end valuation.

1) Bonds issued by PackCO - Fair market value at 12/31/22 = $160,000.
2) Bonds issued by TerpCo. - Fair market value at 12/31/22 = $140,000. "

The beginning balance of the AFS Investment account is $250,000.

How would I record these within the Adjusting Entries sheet? I believe that it will be debited to AFS and credited to AOCI, but I don't know how to calculate the value of this.

Answers

Based on the given information, it can be concluded that CU DENVER has invested in debt securities and has chosen to value them using the fair value method at year-end.

How to record?

To record the fair value adjustments of the AFS investment account, CU DENVER would debit the account for the difference between the fair market value and the carrying value of each security, and credit the accumulated other comprehensive income (AOCI) account.

In this case, the debit to the AFS investment account would be $300,000 ($160,000 + $140,000) - $250,000 (the beginning balance) = $50,000. The credit to the AOCI account would also be $50,000. This adjustment reflects the change in the fair value of the investments and is necessary to ensure that the investments are accurately valued on the balance sheet.

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Mazu Mavuso is a 43-year-old South African resident who was employed by Veg & Fruit Limited, a South African company, until 30 November 2022. On 30 November 2022, Veg & Fruit Limited ceased its operations and the pension fund that Veg & Fruit Limited established for its employees also closed down. The Veg & Fruit Limited pension fund paid out R80 000 to Mazu Mavuso during the 2023 year of assessment. All Mazu Mavuso's pension fund contributions have been deducted in the determination of his taxable Income. Mazu Mavuso also decided to join a retirement annuity fund, to which he made a total contribution of R7 000 during the 2023 year of assessment. For the 2023 year of assessment, Mazu Mavuzo's receipts and expenses were as follow: Salary Director's fees earned Local dividends from South African companies Local interest from a non 'tax free investment' Pension fund contributions at 6.5% of his salary Retirement annuity fund contributions Qualifying medical expenses paid Donation to a qualifying section 18A Public Benefit Organisation R 720 000 110 000 45 000 24 500 ? 7 000 61 630 6 000 Calculate Mazu Mavuso’s taxable income for the 2023 year of assessment. (25 marks) 1.2) Calculate Mazu Mavuso’s total normal tax liability for the 2023 year of assessment. Assume that Mazu Mavuso had a taxable income of: • R770 900 before any retirement fund lump sum withdrawal benefits. • R843 900 after any retirement fund lump sum withdrawal benefits. (17 marks) Competency Framework Reference: E1.2 Interpretation of tax legislation b) Demonstrate the ability to apply the principles of tax interpretation to any new or unfamiliar tax legislation. E1.3 Application of tax legislation to calculate tax obligation a) Analyse the taxpayer’s tax profile. c) Apply the relevant law to the facts, determine the tax position and compute the tax payable (VAT or normal tax) for individuals and companies.​

Answers

Explanation:

to calculated this question to solve

In its first year of business, Laker Corporation had sales of $2,100,000 and cost of goods sold of $1,250,000. Laker expects returns in the following year to equal 7% of sales and 7% of cost of goods sold. The adjusting entry or entries to record the expected sales returns is (are):____

Answers

Answer:

Laker Corporation

The Adjusting Journal Entries to record the expected sales returns are:

Debit Sales returns $147,000

Credit Accounts receivable $147,000

To record the sales returns.

Debit Inventory $87,500

Credit Cost of goods sold $87,500

To record the cost of goods returned.

Explanation:

a) Data and Calculations:

Sales revenue in the first year of business = $2,100,000

Cost of goods sold in the first year of business = $1,250,000

Expected sales returns = 7% of sales = $147,000 ($2,100,000 * 7%)

Expected sales returns = 7% of cost of goods sold = $87,500 ($1,250,000 * 7%)

Adjusting entries to record the expected sales returns are:

Sales returns $147,000 Accounts receivable $147,000

Inventory $87,500 Cost of goods sold $87,500

                                       Laker Corporation  

The Adjusting Journal Entries to record the expected sales returns are:

Debit Sales returns =$147,000 Credit Accounts receivable =$147,000

Working Notes :

Sales revenue in the first year of business = $2,100,000 Cost of goods sold in the first year of business = $1,250,000 Expected sales returns = 7% of sales = $147,000 ($2,100,000 * 7%) Expected sales returns = 7% of cost of goods sold = $87,500 ($1,250,000 * 7%)

Adjusting entries to record the expected sales returns are:

Sales returns $147,000 Accounts receivable $147,000 Inventory $87,500 Cost of goods sold $87,500

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All connecting rooms adjoin, but not all adjoining rooms connect.

Answers

Answer:

What do you mean? is that the question?

Other Questions
please do part a,b,c please thank you-2(x2 - 1) 121 Let f(x) = 12(3.2 + 4) Then f'(1) and S" () 22-4 (x 4 (x2 - 4) (a) State the domain of the function (b) Find the critical points of S. (e) Find the open interval(s) where is inc Alex practices soccer 4 times a week for 5/6 hour each practice. How many total hours does Alex practice soccer in two weeks? take a minute to check your understanding of the american people's perception of a standing army. what were the anti-federalists' views on a standing army? 1. Message authentication codes are the perfect choice for scenarios where communicating parties dont trust each other. T/F2. One way of generating a message authentication code is to combine a hash function with a public key shared by the two communicating parties.3. A MAC algorithm inherits its security from the embedded hash function.4. Assuming exchanged messages have known patterns, for instance, sending x-ray images, encryption can provide means of message authentication. the master schedule calls for 120 and 140 units of a in weeks 8 and 9, respectively. there are 50 units of b on hand, 100 units of e, and 100 units of c on hand. the ordering rule for b is in multiples of 100 and safety stock is 30 units. the ordering rule for c is in multiples of 300 and safety stock is 100 units. find the planned order releases for all items. use the tables below. Can someone plz help me with this one problem plzzzzz (IM MARKING BRAINLIEST) PLEASE HELP(7th grade math) The decimals chart in this lesson shows that we line upthe decimal points when we add or subtract decimalnumbers. Why do we do that? Which of these organisms is a producer?A: snakeB:FernC: bearD:trout What is the difference between an opinion statement and a propaganda statement? Give an example of each in your explanation. if the government were to decrease the tax rate on interest income, there the equilibrium amount of loanable funds would increase and the equilibrium interest rate would decrease. T/F? which kind of blocks is used to hold values Solve by using substitution How many cubes with side lengths of 1/3 does it take to fill the prism The site on the surface of a reactant or substrate where it binds to the enzyme is called the:_____. Identify the slope and y-intercept of the graph of the equation.y = 4x + 3slope: 4; y-intercept: 3slope: 1/4; y-intercept: 3slope: 4; y-intercept: 3slope: 1/4; y-intercept: 3 6 cm8 cm13 cm5.3 cm-What is the surface area? Complete the attched chart by filling in the equivalent percent/decimal/fraction. arallel lines s and t are cut by a transversal r. Parallel lines s and t are cut by transversal r. Clockwise from top left, the angles formed by lines r and s are 1, 2, 3, 4; formed by lines r and t are 5, 6, 7, 8. Which angles are alternate interior angles? Angle3 and Angle5 Angle1 and Angle7 Angle3 and Angle7 Angle4 and Angle5 HELPPPPPPP I NEED THIS FONE IN 3 MINUTES HELP John is going on a summer trip and can either stay at the Banks hotel near the ocean, or the Diamond hotel which is far inland. John wants to have warm weather and no rain on his trip. Which hotel should John stay at? (2 points)The Banks hotel, because water from the ocean warms up the surrounding air in the summer.The Banks hotel, because the water from the ocean heats up faster than land in the summer.The Diamond hotel, because inland regions have less precipitation and warm faster than areas near oceans.The Diamond hotel, because the ocean will carry warm air towards the inland regions.