account for its merchandise. On May 1‚ it returned $50 of merchandise due to a defect. Assuming that the purchase was originally bought on credit‚ demonstrate the required journal entry. -Account Payable DR: 50 -Merchandise inventory CR: 50 On June 5‚ X-mart purchased $400 of merchandise with terms of 2/10‚ n/30. If payment is made on June 11‚ calculate the purchase discount that may be taken by X-mart. 400*.02=$8 FOB destination: The seller is responsible for the shipping costs of merchandise sold
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Chapter 1: The plot begins with a utopian society of sorts that exemplifies perfection and every living thing existing in agreement. Flourishing ranches encompassed the town described by Rachel Carson and phenomenal vegetation. The Spring in this town was an absolute beauty. A drastic change suddenly overcomes the image and poisons the life. People and animals begin to become sick as a result of environmental destruction from toxins. Chapter 2: The trend of humans harming their environment has
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case study solution of joan holtz 5-4 These problems are intended to provide a basis for discussing questions aboutrevenue recognition that are not dealt with explicitly in the text and that are notsufficiently involved to warrant the construction of a regular case. Instructors can pick from among those listed. Some of them can be used as a take-off point for elaboration and extended discussion by adding “What if?” facts. Answers to Questions 1.If electricity usage tended to be fairly constant
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Managing Innovation and Technology Course Homework: The Honda Case - Chapter 3 The Honda Case 1. Are hybrid electrical vehicles a radical innovation or an incremental innovation? Are they competence enhancing or competence destroying‚ and from whose perspective? How would you answer these questions for fuel cell vehicles? Hybrid electrical vehicles are an incremental innovation. In the perspective of customers and some companies who support the concept of hybrid vehicles‚ they are competence
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Chapter One – The human Body: An Orientation (we will assume that the subject is a healthy 22 year old female 125lbs or male 155lbs. I. Define and contrast anatomy and physiology: Anatomy provides is a static image of the body’s architecture vs. Physiology which reveals the body’s dynamic and animated workings. a. Anatomy: (derived from the Greek words “to cut apart”) is the study of the structures of the body parts and their relationship to one another. The essential tools for studying anatomy
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all the three methods of Tandon committee method Current assets Rs in lacs Current liab Rs in lacs Raw material 200 Creditors 250 WIP 100 Other CL 50 Finished goods 200 Bank borrowings 300 Receivables 300 total cL 600 Other CA 50 Total Core CA (CCA) 300 Total CA 850 2. From the following data calculate MPBF under all the 3 methods of Tandon committee Current assets Rs in lacs Current liabilities Rs in lacs Raw material 180 Creditors
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September 7‚ 2011 Chapter 3 Summary Questions 1. How does a multipoint circuit differ from a point-to-point circuit? A multipoint circuit differs from a point-to-point circuit in that it is many computers connected on the same circuit while the point-to-point goes from one computer to another. P2P can also be more expensive if the computers connected are far apart. 3. Describe three types of guided media. Three types of guided media are fiber-optic cable which uses high-speed streams of light
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COMPREHENSIVE EXAMINATION A PART 1 (Chapters 1-6) Problem A-I — Multiple Choice. Choose the best answer for each of the following questions and enter the identifying letter in the space provided. 1. How does failure to record accrued revenue distort the financial reports? a. It understates revenue‚ net income‚ and current assets. b. It understates net income‚ stockholders’ equity‚ and current liabilities. c. It overstates revenue‚ stockholders’ equity‚ and current liabilities.
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Chapter Five Summary There are comparatively few rules to violate‚ and people are socialized into long standing traditions in a communal society. Because associated societies are complex‚ they require many laws and rules. Also‚ they are impersonal‚ and tradition is not adequate to prevent deviance. However‚ many associational societies are diverse‚ and the mix of ethnicities‚ language‚ and regional differences requires coordination‚ which in turn requires laws and rules. The focus in an associational
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Vanessa Barroso-TavaraChapter 39 Questions and Case problems BBG 232 2.) Michael Smyth was an at will employee therefore his termination could have been with or without reason. Also‚ although Electronic Communication Privacy Act protects employee privacy‚ and employers are not allowed to intercept emails; employers still have the right to monitor emails in certain circumstances. Thus‚ in the case of Michael Smyth‚ he himself was emailing his supervisor; it wasn’t personal‚ it was for the ordinary-course-of-business
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