Business, 17.03.2020 02:23, antasia12342
Waterway Company sells goods to Wildhorse Company during 2017. It offers Wildhorse the following rebates based on total sales to Wildhorse. If total sales to Wildhorse are 9,300 units, it will grant a rebate of 2%. If it sells up to 20,600 units, it will grant a rebate of 4%. If it sells up to 28,000 units, it will grant a rebate of 6%. In the first quarter of the year, Waterway sells 10,100 units to Wildhorse at a sales price of $90,900. Waterway, based on past experience, has sold over 39,000 units to Wildhorse, and these sales normally take place in the third quarter of the year. What amount of revenue should Waterway report for the sale of the 10,100 units in the first quarter of the year.
Answers: 3
Business, 22.06.2019 15:20, alex12everett
Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.
Answers: 1
Waterway Company sells goods to Wildhorse Company during 2017. It offers Wildhorse the following reb...
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