Manning corporation uses the periodic inventory system. on april 1, manning corporation sells merchandise on account for $15,000 with terms 1/15, n/30. manning corporation had paid $6,000 to acquire the merchandise. the buyer is not satisfied with some of the merchandise and on april 7 returns merchandise with an invoice price of $1,000 to manning corporation. the merchandise returned to manning corporation had cost manning corporation $600. on april 10, the buyer pays for the merchandise it retains. how would manning corporation record the buyer’s return of merchandise on april 7?

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000

Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes