Answer:
C) $95 F
Explanation:
Planned cost of materials and supplies = $2,230
Actual cost of materials and supplies = $2,160
Flexible budget for November = $2,230 - $2,285 + 25 = $95 F.
It is is favorable (F) because Actual cost of materials and supplies is less than the Planned cost of materials and supplies.
<span>The basket of goods in the consumer price index consists of about " 80,000" products; that is, several hundred specific products in over "200" broad-item categories.</span>
could you explain some more please
Nike should purchase it's raw materials from organizations that meet ISO 9000 standards.
Explanation:
ISO 9000 is the international standard for quality and resource management employed according to the World trade organisation and thus has an international approval that is recognizable all over the world.
Nike as a leading and trusted brand across the world for footwear must keep i care that they meet the quality standard that will be accepted worldwide and meet the highest standards of the buyers justifying the popularity of their products which is ensured by the certification of ISO 9000.
Answer:
June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account.
- Dr Notes receivable 48,000
- Cr Accounts receivable 48,000
Sept. 21 The note is dishonored by Radon Express Co.
- Dr Accounts receivable 48,960
- Cr Notes receivable 48,000
- Cr Interest revenue 960
When a customer defaults on a note, the company is allowed to convert the note back to accounts receivable and charge any accrued interests. Depending on the client, the company can give them more time (by switching back the note into accounts receivable) or the company can write off the note and try to sell it to a collection company.
Oct. 21 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express Co. on September 21.
- Dr Cash 49,368
- Cr Accounts receivable 48,960
- Cr Interest revenue 408