What is the best definition of the term opportunity cost? A. The incentives used to encourage people to make a decision B. The benefits lost when making one choice over another C. The change in production cost from producing extra items D. The projected profit made from selling a new product
Answers: 1
Business, 22.06.2019 10:30
On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?
Answers: 2
Business, 22.06.2019 21:00
Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost
Answers: 2
Business, 22.06.2019 22:40
Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?
Answers: 1
What is the best definition of the term opportunity cost? A. The incentives used to encourage people...
Mathematics, 08.06.2021 19:10
Mathematics, 08.06.2021 19:10
Mathematics, 08.06.2021 19:10
History, 08.06.2021 19:10
English, 08.06.2021 19:10
English, 08.06.2021 19:10
Mathematics, 08.06.2021 19:10
Mathematics, 08.06.2021 19:10
Advanced Placement (AP), 08.06.2021 19:10
Mathematics, 08.06.2021 19:10
Mathematics, 08.06.2021 19:10