Business, 28.11.2019 21:31, carebear147
Halifax manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. all of halifax's sales are for credit (no cash is collected at the time of sale). the company began 2016 with an allowance for sales returns of $400,000. during 2016, halifax sold merchandise on account for $12,500,000. this merchandise cost halifax $8,750,000 (70% of selling prices). also during the year, customers returned $613,000 in sales for credit. sales returns, estimated to be 5% of sales, are recorded as an adjusting entry at the end of the year. required: 1. prepare the entry to record the merchandise returns and the year-end adjusting entry for estimated returns. note: record the estimated returns at net amounts.2. what is the amount of the year-end allowance for sales returns after the adjusting entry is recorded?
Answers: 2
Business, 22.06.2019 11:30, levy72
10. lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal. student d incorrect
Answers: 2
Business, 22.06.2019 12:10, lucyamine0
Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)
Answers: 1
Business, 22.06.2019 19:10, xbeatdroperzx
Greenway industries is a major multinational conglomerate. its business units compete in a range of industries, including home appliances, pharmaceuticals, commercial real estate, and plastics manufacturing. although its largest business unit, which produces kitchen appliances, is among the most profitable in the industry, it generates only 35 percent of the company's revenues. which of the following is most likely true of greenway's stock price? a. it is valued at less than the sum of its individual business units. b. it is valued at greater than the sum of individual business units. c. it is valued at the exact sum of individual business units. d. it is consistently lower than the industry average. it is valued at greater than the sum of individual business units.
Answers: 1
Halifax manufacturing allows its customers to return merchandise for any reason up to 90 days after...
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