Answer:
Note: The full question is attached as picture below
(a) (b) (c)
In Larger
Balance Difference column
1. No $725 Debit
2. Yes NA NA
3. Yes NA NA
4. No $225 Credit
5. Yes $684 NA
6. No $45 Credit
A transaction is any monetary business event that impacts a business's financial statements.
<h3>The journal entries </h3>
The journal entries are as follows
On August 4
Account Receivable $610
To Sales Revenue $610
(Being the goods sold on credit basis is recorded)
On August 7
Sales Return and Allowances $60
To Accounts Receivable $60
(Being the sales allowance is recorded)
On August 12
Sales Discount $11
Cash $539
To Accounts Receivable $550
(Being the amount paid is recorded after considering the 2% discount
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I think it's "<span>hypothecation" but I'm not 100% sure.</span>
Answer:
$3.70
Explanation:
In this question we have to assume the items values
Let say
Sales = $100
So supply chain it spends 50% i.e $50
Profit is 4% i.e $4
Since the 46% is dividend among fixed and production costs
So the fixed cost is $23 and variable cost is $23
Now if the sales increase by $X, the revenue will increase by X.
So it would also increased the cost by X × (0.5+0.23)
And in overall, the profit is also increased
Plus it is given that there is 27% profit margin
So, the equation is
0.27X = 1
Therefore X = $3.70 with additional profit of $1
