In which months of the year was inflation rate outside the target?

Answer:

Dr Cash $184,093

Dr Due from Factor $8,092

Dr Loss on Sale of Receivables $18,825

Cr Accounts Receivable $202,300

Cr Recourse Liability $8,710

Explanation:

Preparation of the journal entry for for Bramble to record the sale.

Dr Cash $184,093

$202,300 – [$202,300 * (.05 + .04)]

$202,300-(202,300*0.09)

$202,300-$18,207

=$184,093

Dr Due from Factor $8,092

($202,300 *.04)

Dr Loss on Sale of Receivables $18,825

(184,093+8,092-$211,010)

Cr Accounts Receivable $202,300

Cr Recourse Liability $8,710

(Accounts Receivable $202,300 + Recourse Liability $8,710 =$211,010)

Answer:

See below.

Explanation:

Monopolies create barriers to entry. These barriers restrict the competition from entering and thus allow the monopolies to earn economic profits over and above accounting profits. Some times these barriers are natural.

For example, a company may require massive start-up costs that are simply so large that it creates a barrier. Even when potential competitors see economic profits they just do not have the capital to enter the market and grab a share.  This way high start-up costs create natural monopolies.

An example may include power stations.

Hope that helps.

Answer:

The correct answer is $2,700.

Explanation:

According to the scenario, the computation of the given data are as follows:

Sell uniforms = $3,000

Sale return = $300

received order to produce in December = $1,800

So, we can calculate the net account receivable in November by using following formula:

Net account receivable =  Sales in November - Sales return in November

By putting the value, we get

= $3,000 - $300

= $2,700

Answer:

Make since the relevant cost to make it is $58.35

Explanation:

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<u>The manufacturing cost will be:</u>

direct material 7.70

direct labor    23.70

Overhead 38.5 x 70% = 26.95

Total manufacturing cost 58.35

Allocated cost 11.55

The purchase cost is higher than our manufacturing cost of 58.35

It is better to make the unit.

The purchase option generates a differential loss for $4