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2 years ago

5

Shoe trends, a company that manufactures formal shoes for men and women, offers to give its customers $10 for an old pair of sho

es when they buy a new pair. in essence, they're reducing the price of the new shoes by $10. what is this type of price adjustment called?

1 answer:

Makovka662 [10]2 years ago

8 0

Trade-in allowance

Hope this helps

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Prepare Garzon Company's journal entries to record the following transactions for the current year. January 1 Purchases 9.5% bon

Andre45 [30]

Answer:

Garzon Company

Journal Entries

January 1 Debit 9.5% Bonds Receivable PBS $45,600

Credit Cash $45,600

To record the purchase of bonds in PBS.

June 30 Debit Cash $2,166

Credit Bonds Interest Revenue $2,166

To record the receipt of first semiannual interest.

December 31 Debit Cash $47,766

Credit 9.5% Bonds Receivable $45,600

Credit Bonds Interest Revenue $2,166

To record the receipt of both principal and second semiannual interest.

January 1 Debit 9% Bonds Receivable PBS $52,000

Credit Cash $52,000

To record the purchase of bonds in PBS.

June 30 Debit Cash $2,340

Credit Bonds Interest Revenue $2,340

To record the receipt of first semiannual interest.

December 31 Debit Cash $54,340

Credit 9% Bonds Receivable $52,000

Credit Bonds Interest Revenue $2,340

To record the receipt of both principal and second semiannual interest.

Explanation:

a) Data and Analysis:

January 1 9.5% Bonds Receivable PBS $45,600 Cash $45,600

June 30 Cash $2,166 Bonds Interest Revenue $2,166

December 31 Cash $47,766 9.5% Bonds Receivable $45,600 Bonds Interest Revenue $2,166

January 1 9% Bonds Receivable PBS $52,000 Cash $52,000

June 30 Cash $2,340 Bonds Interest Revenue $2,340

December 31 Cash $54,340 9% Bonds Receivable $52,000 Bonds Interest Revenue $2,340

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Leelanau Corporation uses a job-order costing system. The following data are for last year: Work in process beginning balance $

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Answer:

The correct answer is $138,500.

Explanation:

According to the scenario, the given data are as follows:

WIP beginning = $10,500

WIP ending = $19,000

Cost of goods manufactured = $323,000

Direct material = $115,000

Direct labor = $78,000

So, we can calculate the amount of overhead by using following formula:

Overheads = Total manufacturing costs - Direct materials - Direct labor

Where, Total manufacturing cost = Cost of goods manufactured + Ending WIP - Beginning WIP

= $323,000 + $19,000 - $10,500

= $331,500

So, by putting the value in the formula:

Overheads = $331,500 - $115,000 - $78,000

= $138,500

Hence, the amount of overhead is $138,500.

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Biotechnology helps increase the crop yields to meet human needs and demands in the years to come. Assuming that the production of crops today, March 2017 is 10 million tons and the demand for crops is determined using the given population which is 7 billion. If an average person needs 10 kg of food daily, the needed food is a total of 70 million tons. The current supply is 10 million tons per day, so a balance of 60 million tons per day is still needed. Therefore, farmers have to produce 85.71% more grain to feed human population in 2018.

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The most competitively effective and very likely most profitable long-term approach to reduce or eliminate the impact of paying

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Answer:

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In order to have effective competition and profitable for the long term approach for decreasing or removing the effect of tariff that would be paid on pairs is that to establish the production facility so that it would get expanded and the same is to be sell in Europe-Africa

Therefore the above represents the answer

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