On october 2, 2020, martinez company sold $5,510 of its elite camping gear (with a cost of $3,470) to lynch outfitters. as part of the sales agreement, martinez includes a provision that if lynch is dissatisfied with the product, martinez will grant an allowance on the sales price or agree to take the product back (although returns are rare, given the long-term relationship between martinez and lynch). martinez expects total allowances to lynch to be $770. on october 16, 2020, martinez grants an allowance of $390 to lynch because the color for some of the items delivered was a bit different than what appeared in the catalog.

Ateam of engineers has decided to design a new shoe for people suffering from a painful foot condition. what should the engineers do during the planning stage of their project? a. look at the trial's results to see how the design can be improved. b. build a variety of shoe models. c. have patients wear the new shoe in an experimental trial to see if symptoms improve. d. estimate how much potential consumers would be willing to pay for this new shoe.

Corey is trying to save money to buy a new tv. he invests $800 into an account paying 6.5% simple interest. for how long must he save if the tv costs $950? a. 2 years b. 3 years c. 4 years d. 5 years

Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.