Which of the following revenue related transactions is not linked to the accounts indicated?
...
Which of the following revenue related transactions is not linked to the accounts indicated?
a. recognize revenues too early--accounts receivable and revenue.
b. understate allowance for doubtful accounts--bad debt expense, allowance for doubtful accounts.
c. don't write off uncollectible receivables--sales returns, sales discounts.
d. don't record discounts given to customers--cash, sales discounts, accounts receivable.
Answers: 2
Business, 21.06.2019 21:30
The following account balances at the beginning of january were selected from the general ledger of fresh bagel manufacturing company: work in process inventory $0 raw materials inventory $ 28 comma 100 finished goods inventory $ 40 comma 600 additional data: 1. actual manufacturing overhead for january amounted to $ 65 comma 000. 2. total direct labor cost for january was $ 63 comma 400. 3. the predetermined manufacturing overhead rate is based on direct labor cost. the budget for the year called for $ 255 comma 000 of direct labor cost and $ 382 comma 500 of manufacturing overhead costs. 4. the only job unfinished on january 31 was job no. 151, for which total direct labor charges were $ 5 comma 200 (1 comma 300 direct labor hours) and total direct material charges were $ 14 comma 400. 5. cost of direct materials placed in production during january totaled $ 123 comma 700. there were no indirect material requisitions during january. 6. january 31 balance in raw materials inventory was $ 35 comma 300. 7. finished goods inventory balance on january 31 was $ 35 comma 400. what is the cost of goods manufactured for january?
Answers: 3
Business, 22.06.2019 17:00
Afinancing project has an initial cash inflow of $42,000 and cash flows of −$15,600, −$22,200, and −$18,000 for years 1 to 3, respectively. the required rate of return is 13 percent. what is the internal rate of return? should the project be accepted?
Answers: 1
Business, 23.06.2019 04:40
2. a computer equipment was acquired at the beginning of the year at a cost of $56,000 with an estimated residual value of $5,000, and an estimated useful life of five years. determine the second year’s depreciation expense using the straight-line method.
Answers: 3
Biology, 31.01.2020 01:56
World Languages, 31.01.2020 01:56
History, 31.01.2020 01:56
Chemistry, 31.01.2020 01:56
Mathematics, 31.01.2020 01:56
Social Studies, 31.01.2020 01:56
Mathematics, 31.01.2020 01:56
History, 31.01.2020 01:56
Chemistry, 31.01.2020 01:56