Superfast logistics helps manufacturing companies with a variety of different solutions for transporting goods. it has placed "s

Answer:

Explanation:

a. On March 2

Debiting Accounts Receivable A/c $$887,400

                                             Crediting Sales A/c $$887,400

(Recognizing the sale of inventory at sale price)

Debiting Cost of Goods Sold A/c $

                    Crediting Merchandise Inventory A/c $571,700

(Recognizing merchandise sold at cost)

b. On March 8

Debiting Sales Return and Allowance A/c  $103,200

                                 Crediting Accounts Receivable  $103,200

(Recording the sales return)

Debiting Merchandise Inventory A/c  $62,500

                                        Crediting Cost of Goods Sold A/c  $62,500

(Recording the sales return)

c. On March 12

Debiting Cash A/c $768,516

Debiting Sales Discounts A/c $15,684

         Crediting Accounts Receivable A/c $784,200

(Recording cash received)

Calculating the balance owed is as follows:

= Sale of inventory - Returns

= $887,400 - $103,200

= $784,200

And the discount = $784,200 × 2% = 15,684

Response:

Julie obtuvo $5,087.25 en comisión por esta venta.

Clarificación:

Precio de venta del inmueble = Precio listado * Porcentaje de venta = $340,000 * 95% = $323,000

La comisión sobre las ventas del inmueble = Precio de venta * Tasa de comisión = $323,000 * 7% = $22,610

Monto de la comisión para el corredor de Julie = Comisión sobre la venta * Porcentaje de la comisión destinado al corredor de Julie = $22,610 * 45% = $10,174.50

Dado que Julie y su corredor dividen la comisión de manera equitativa, tenemos:

La comisión ganada por Julie en la venta de la propiedad = Monto de la comisión para el corredor de Julie / 2 = $10,174.50 / 2 = $5,087.25

Por lo tanto, Julie ganó $5,087.25 en esta venta.

Response:

The interest rate is 5.7%          $21.204

Clarification:

The formula for calculating simple interest is

I =

Given that

I = Interest, T = time;;R is rate; P = principal

John earned this interest by July 1, 1993 as follows:

           I = = 72

Consequently, the total amount in John's account by July 1, 1993 would then be

= $300 + $72= $372

This indicates he utilized these funds at an interest rate of q.

On July 1, 1998, John’s total was $520, meaning the interest accumulated in these five years equals $520 - $372 = $148.

Using the simple interest formula: Interest = PRT/100

148 =

       = 14,800 =2600q

       q =

Thus, the rate is found to be 5.7%

The interest amount between July 1, 1993, and July 1, 1994 calculates as

    I =

          = $21.204

Net income or (Loss) = $43,128. The provided information states that: Elegant Decor Company Forecasted annual income statement Under the strategy to eliminate Department 200 Sales = $437,000 Cost of goods sold = $261,000 Gross profit = $176,000 Operating expenses Direct expenses: Advertising = $15,500 Store supplies utilized = $4,500 Depreciation of Store Equipment = $4,200 Total Direct Expense = $24,200 Allocated Expenses: Sales Salaries = $64,000 ($104,000-2×$24,200+($31,200÷2) = $40,000) (104,000-$40,000) Rental Expenses = $14,180 Bad debt expense = $9,400 Office salary = $15,600 ($31,200 - ($31,200 ÷ 2)) Insurance expense = $1,724 ($2,200 - $476) Miscellaneous expense = $3,728 ($4,000 - $272) Total Allocated Expenses = $108,632 Total Expense = $132,872 ($108,632 + $24,200) Net income or (Loss) = $43,128 ($176,000 - $132,872)