Answer:
a. Journalize the adjusting entry for the estimated customer allowances.
- Dr Sales returns and allowances 10,500
- Cr Customer refunds payable 10,500
The adjusting entry should = total sales x estimated percent of returns = $1,750,000 x 0.6% = $10,500
b. Journalize the adjusting entry for the estimated customer returns.
- Dr Estimated returns inventory 8,000
- Cr Cost of merchandise sold 8,000
This amount is given in the question, $8,000, so you need to record it as a decrease in COGS and an increase in returns inventory.
Worker's Compensation, because the injury occurred by an employee in the course of performing their job.
A. A flatter, more horizontal demand or supply curve is elastic
Answer:
labor force growth and productivity growth.
Explanation:
A country's long run growth rate is generally calculated by adding the increases in the market value of the goods and services produced within a country during a period of time. It is generally stated as a percentage growth of real GDP.
The real GDP's growth rate is determined by two factors: labor force growth and productivity growth. So it is determined by the growth in productivity, demographic growth and labor force participation.
Answer: Yes, because negative correlation coefficient implies there is negative correlation between quantities.
Explanation:
Correlation is a term we use to define the strength and direction of relation ship between two variables.
Negative correlation coefficient means there is a negative correlation between the variables , that is if one increases the other decreases.
Here, variables are : " investment in the textile" and "average temperature in Minnesota during January "
So -0.60 defines that there is negative correlation between the investment in the textile and the average temperature in Minnesota during January.