Answer:
The correct options are<em> (B). Provide information about dissatisfied customers and the possibility of lost future sales and (D). Are usually recorded in separate contra-revenue accounts.</em>
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<em>From the foregoing the Account Receivable should be credited with the full amount of the original sales transactions not debited as provided in option </em><em>"A." Represent a reduction of the customer's account receivable.</em>
Explanation:
<em>Sales Returns and Allowances is a contra-revenue account deducted from Sales</em>. When customers return goods for one unsatisfied reason or the other, adjustments are made to the sales account. Likewise, deductions to the original selling price are made when the customer accepts defective products.
<em>How to Record the Sales Return Transaction
</em>
<em>The following under-listed steps are to be taken to make the appropriate entries:</em>
- Debit sales returns and allowances by the selling price.
- Debit the appropriate tax liability account by the taxes collected on the original sale.
- Credit cash or accounts receivable by the full amount of the original sales transaction.
Answer:
2018: $78 million
2019: $468 million
2020: $234 million
Explanation:
Given that State Construction incurred costs as follows:
Year Cost
2018 $60 million
2019 $360 million
2020 $180 million
Total cost = $60 million + $360 million + $180 million = $600 million
Percentage to total cost ratio is:
For 2018 = $60 million / $600 million = 0.1,
For 2019 = $360 million / $600 million = 0.6,
For 2020 = $180 million / $600 million = 0.3.
Revenue = Percentage to total cost ratio × Contract price.
Contract price = $780 million
For 2018, Revenue = 0.1 × $780 million = $78 million
For 2019, Revenue = 0.6 × $780 million = $468 million
For 2020, Revenue = 0.3 × $780 million = $234 million
Answer:
1. B. The actual proportion of Greeks who believe they are suffering.
2. This is the proportion of Greeks in the sample considered, i.e p = 0.25
3. n = 250 phat - 25% — 0.25 z score - 5%/2 — 2.5 on each end — z = 1.9 se - use formula - .0470.25 +/- 1.9 x .027+: .3675 -: .1325.
4. A. wider
5. B. narrower
Explanation:
In this question, it is essential to estimate the actual population of Greeks that believe they are extremely poor and also suffering. This will be used for proper sampling. Furthermore, in the sample considered, it was discovered that the parameter point estimate is approximately 25% and a change in the sample size or confidence level will alter the interval.
Answer:
Yes. Roy can successfully challenge this arbitration award in court.
Explanation:
According to the law, an arbitration clause is a part of the contract between Roy and Secure Investments, Inc. that deals with these parties' rights and options in the event of a legal dispute over their contract. Like in most arbitration clauses, Roy and Secure Investments, Inc. must have agreed not to sue each other but instead, to resolve their disputes through the arbitration process. But the res judicata effect produced through an arbitration can either be challenged and appealed against or enforced. Roy, depending on the merits of his case, can make a successful appeal against the arbitration award and not against the arbitration itself.
