Answer:
a.
July 1
Accounts Receivable 23000 Dr
Sales Revenue 23000 Cr
b.
July 8
Sales Return 2400 Dr
Accounts Receivable 2400 Cr
c.
July 11
Cash 20600 Dr
Accounts Receivable 20600 Cr
Explanation:
a.
The sales made on credit are recorded as a debit to the accounts receivable and a credit to sales revenue by the amount of sales assuming we use the gross method to record sale.
b.
The return of sales is recorded as a debit to the sales return account and a credit to the accounts receivable to reduce the amount due from accounts receivable.
c.
The remaining accounts receivable amount after sales return amounted to 23000 - 2400 = 20600
The sales terms were 2/10 which means a 2% discount was allowed if the accounts receivable pay within 10 days of sale. The payment is received after the discount period. Thus, we will not deduct the discount allowed and accounts receivable will pay fill $20600.
Answer:
flexible time
Explanation:
Since their work time is not fixed, these employees have flexible work time. Often, this kind of working time is deemed to be a non-financial work benefit, as most people prefer to define their own work time. Sometimes, it is debated if this is really beneficial for the employees.
Nonetheless, they do have to respect their daily work time slot,
<em>Answer:</em>
<em>Ello mate ! here's your answer :</em>
<em>The answer I choose from all the other options is option "C" : </em><em>The isoquant at that level of output</em>
<em></em>
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<u>Replenishment lead time is (a.) The time between placing an order and receiving the materials.</u>
Explanation:
<u>Replenishment lead time</u> refers to the total period of time that elapses from the moment it is determined that a product should be reordered until the product is back on the shelf and is available for use
Replenishment REFERS TO THE movement of inventory from upstream or the reserve (i.e. product storage locations) to downstream or primary storage, picking and shipment locations.
The main purpose of replenishment is to ensure that the is inventory flowing through the supply chain in an efficient order
<u>Sock replenishment is one of the most important considerations when it comes to inventory management, it helps ensure the right stock is on the shelves at the right time, while keeping inventory holding costs low and customers happy</u>
Answer:
option (c) $167,597.77
Explanation:
Data provided in the question:
Monthly mortgage payment = $900
Duration of loan, n = 30 years = 360 months
Interest rate = 5%
Monthly rate of interest = 5% ÷ 12 = 0.4167% = 0.004167
Now,
Mortgage loan can he afford
= Monthly mortgage payment × [ (1 - ((1 + r)ⁿ)⁻¹ ) ÷ r ]
= $900 × [ (1 - ((1 + 0.004167)³⁶⁰)⁻¹ ) ÷ 0.05 ]
= $167,597.77
Hence,
The answer is option (c) $167,597.77
