Thunder Roads Enterprises makes the following information available:

Return to Problem Navigation Morgan Company uses the perpetual inventory system and the gross method of recording sales discount

Ghella [55]

Amount to be recorded for accounts receivable would be $15000.

Explanation:

Accounts receivable are lawfully enforceable cases for installment held by a business for products provided as well as administrations rendered that clients/customers have requested yet not paid for. These are for the most part as solicitations raised by a business and conveyed to the client for installment inside a concurred time span.

Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by the customers till now. So they will go in the accounts to still be receivable.

6 0

2 years ago

George is an employee at a company that provides information technology solutions to other firms. Recognizing his potential to i

Damm [24]

The answer to the question is competition.

It seems that George is set up by his company to become a competition to the customers’ of the company. This is because George is told to develop a new smart phone application so that his company will have a unique competitive advantage from the other firms. This would lead to his company’s better performance in the future.

3 0

2 years ago

You purchased 500 shares of Barden Enterprises stock for $55.43 per share at the beginning of the year. The stock is currently p

krok68 [10]

Answer:

Dividend yield is 2.91 %.

Explanation:

Dividend yield = Annual Dividend per Share / Stock Price per Share × 100

where,

Annual Dividend per Share = Total Dividends ÷ Total Number of Shares

= $835 ÷ 500

= $1.67

then,

Dividend yield = $1.67 / $57.48 × 100

= 2.905 or 2.91 %

4 0

2 years ago

On your cardholder account profile, what information displays on the default accounting code screen?

vfiekz [6]

The account profile of a card holder includes the demographic data, default accounting code, authorization limits, and other account details.

The default accounting code is assigned all the associated transactions that has been made by the assigned cardholder or from the assigned managing account, unless there applies any other specific rule.

When the default accounting code is clicked upon, it displays the Default Accounting Code screen, along with the segment names and the segment values.

8 0

2 years ago

Arrow Company is a retailer that uses the perpetual inventory system.

PSYCHO15rus [73]

Answer:

a, Inventory cost under First in first out- FIFO = $ 4,628

b. Inventory cost under Last in First Out LIFO = $ 4,378

c. Inventory cost under Weighted average cost = $ 4,494

Explanation:

The data need to be summarised

Units Per Unit Cost Total value

August 1 Opening inventory 80 $ 1,600

August 5 Purchases 100 $ 2,116

August 11 Purchases 200 $ 4,416

Weighted average cost 380 $ 21.4 $ 8,132

August 11 Sales (170)

Units in hand after Aug 11 sales 210

Computation on inventory cost under FIFO method

Under FIFO method the cost of goods sold are considered from the opening inventory and the first purchases. The inventory on hand is from the last purchases.

The inventory on hand of 210 units, of which 200 units are from August 11 and 10 units from the purchases of August 5.

The average unit cost of Aug 11 purchases is $ 4,416/ 200 units = $ 22.08

The average unit cost of Aug 05 purchases is $ 2,116 /100 units = $ 21.16

200 units * $ 22.08 = $ 4,416.00

10 units * $ 21.16 = $ 211.60

$ 4627.60 say $ 4,628

Computation on inventory cost under LIFO method

Under LIFO method the cost of goods sold are considered from the last purchases and the inventory on hand is from the opening inventory and first purchases.

The inventory on hand of 210 units is as follows

Opening inventory 80 units $ 1,600

Purchases August 5 100 units $ 2,116

Purchases August 11 30 [email protected] $22.08 $ 662.40

Inventory under LIFO Method $ 4,378.40

Computation on inventory cost under Weighted Average method

The weighted average cost of inventory is 210 units * $ 21.40 = $ 4,494

3 0

2 years ago