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2 years ago

Why might it be easier to begin a career as an accessory designer than a fashion designer?

1 answer:

3 0

For you to complete the perfect outfit , many of the people will rely on the addition of the accessories. these can include such as jewelries, belts, shoes, hats, and etc. in the fashion industry , accessory design refers to the act of designing and creating these accessories. but also, some designer will just stick to the classic design, so you have to be unique.

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On January 12, JumpStart purchased $870 in office supplies. (a) Journalize the transaction as if JumpStart paid cash. Jan. 12 (b

Mumz [18]

Answer:

Part a : If JumpStart paid cash

Office Supplies $870 (debit)

Cash $870 (credit)

Part b : If JumpStart placed it on account

Office Supplies $870 (debit)

Account Payable $870 (credit)

Part c : If JumpStart pays the amount due

Account Payable $870 (debit)

Cash $870 (credit)

Explanation:

Part a : If JumpStart paid cash

Recognise an expense for Office Supplies and reduce the assets of cash to reflect outflow of economic benefits in form of cash

Part b : If JumpStart placed it on account

Recognize an expense for Office Supplies and also recognise a Liability - Accounts Payable to reflect a present obligation created by JumpStart to its Supplier

Part c : If JumpStart pays the amount due

Derecognise the Liability - Accounts receivable since the liability has been settled and reduce the assets of cash to reflect outflow of economic benefits in form of cash due to settlement of Account

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2 years ago

The Darwin Company reports the following information that occurred during the current period: Sales commissions expense $15,600

ch4aika [34]

Answer:

The Darwin Company

Calculation of Manufacturing Overhead costs:

= $17,200

Explanation:

a) Data and Calculations:

Depreciation on factory equipment $4,700

Indirect labor 5,900

Factory rent 4,200

Factory utilities 1,200

Indirect materials used 1,200

Total Manufacturing overhead costs = $17,200

b) Darwin's manufacturing overhead costs will include only the above listed costs. Sales commissions, direct materials, direct labor, and office salaries expense do not form part of the manufacturing overhead costs. The manufacturing overhead costs are neither direct materials or labor costs or selling and administration costs.

8 0

2 years ago

Iron triangles have given way to _____ over the years. intergovernmental lobbying issue networks reverse lobbying iron squares

monitta

Iron triangles have given way to INTER-GOVERNMENTAL LOBBYING over the years.

Iron triangles refer to a mutual relationship between three three groups or organizations such as government agencies, interest groups and legislative committees (law makers). It is a policy making relationship in the United States politics.

8 0

2 years ago

A venture has net sales of $400,000, cost of goods sold of $200,000, operating expenses (selling, general, and administrative) o

Sphinxa [80]

Given:

Net sales = $400000

Cost of goods sold = $200,000

Operating expenses = $100,000

Interest expenses = $50,000

To find:

The operating profit margin

Solution:

To calculate the operating profit margin, first we have to find the operating profit.

Subtract your total operating expenses from gross profit to calculate operating profit.

That is, $\text{Operating profit}=\text{Sales (Revenue) - Cost of goods sold - Operating expenses}$ $\Rightarrow \$400000-\$200000-\$100000=\$100000$

Divide operating profit by gross revenue to calculate operating profit margin.

$\text{Operating profit margin} = \frac{\text{Operating profit}}{\text{Gross Revenue}}\times100$

$\Rightarrow\frac{100000}{400000}\times100=25\%$

Therefore, the Operating profit margin is 25%.

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2 years ago

At the beginning of the year, the Dallas Company had the following accounts on its books: Accounts Receivable $264,000 Debit All

lukranit [14]

Answer:

Explanation:

Requirement :

Date Account title and Explanation Debit Credit

Dec.31 Accounts receivable $2,346,000

Sales revenue $2,346,000

[To record credit sales for the year]

Dec.31 Cash $2,350,000

Accounts receivable $2,350,000

[To record collections on account for the year]

Feb.17 Allowance for doubtful account $7,500

Accounts receivable-R.St. John $7,500

[To write off R. St. John's account]

May 28 Allowance for doubtful account $4,800

Accounts receivable-G. Herberger $4,800

[To write off G. Herberger's account]

Oct 13 Accounts receivable-G. Herberger $1,200

Allowance for doubtful account $1,200

[To reinstate G. Herberger's account for partil recovery]

Oct 13 Cash $1,200

Accounts receivable-G. Herberger $1,200

[To record collection from G. Herberger]

Dec 15 Allowance for doubtful account $5,000

Accounts receivable-R. Clancy $5,000

[To write-off R. Clancy's account]

Dec 31 Bad debt expense [$2,346,000 x 0.8%] $18,768

Allowance for doubtful account $18,768

[To record allowance for doubtful accounts]

Requirement b:

Accounts Receivable $242,700

Less: Allowance for Doubtful accounts $19,168

Accounts receivable net $223,532

Calculations:

T-Accounts

Accounts receivable Allowance for doubtful account

$264,000 Beg. $16,500 Beg.

$2,346,000 $2,350,000 $7,500 $1,200

$1,200 $7,500 $4,800 $18,768

$4,800 $5,000

$1,200

$5,000

$242,700 End. $19,168 End.

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2 years ago