A discount period for credit
A customer returned merchandise that had been paid for within a discount period for credit.The entry was recorded with a debit to Sales Returns and Allowances and a credit to Accounts eceivable for the net amount.
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Compute the cost of 1,000 units of Bunkka-22 using the proposed activity-based costing system. Assume the 1,000 units use 2,500 pounds of materials, 500 machine hours, and 1,000 direct labor hours.
The beginning balance of the Supplies account was $245. During the month the company bought additional supplies in the amount of $735. At the end of the month a physical inventory showed $343 of unused supplies.
The monthly starting salaries of students who receive an MBA degree have a standard deviation of $110. What size sample should be selected to obtain a .925 probability of estimating the mean monthly income within $72?
At the end of 2013, Morley Co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $25,000. On January 24, 2014, it is learned that the company's receivable from Spears Inc.
Fred Carson delivers parts for several local auto parts stores. He charges clients $0.75 per mile driven. Fred has determined that if he drives 2,000 miles in a month, his average operating cost.
The amount of distilled water dispensed by a certain machine is normally distributed with mean value 64oz and standard deviation .78oz.
Assume that if X Company accepts the special order, it will have to lower the selling price on each of its regular units to $12.51. Independent of #1, the effect of lowering the selling price will be to decrease company profits by?
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