Business, 20.11.2019 21:31 negativechill

Furtastic manufactures imitation fur garments. on june 1, 2018, furtastic made a sale to willett’s department store under terms that require willett to pay $160,000 to furtastic on june 30, 2018. in a separate transaction on june 15, 2018, furtastic purchased brand advertising services from willett for $14,000. the fair value of those advertising services is $6,000. furtastic expects that 3% of all sales will prove uncollectible. required: 1. to 3. prepare the journal entries to record the transactions above. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 11:20

Lusk corporation produces and sells 14,300 units of product x each month. the selling price of product x is $25 per unit, and variable expenses are $19 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $102,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:

Answers: 1

Answer

Business, 22.06.2019 11:30

1. regarding general guidelines for the preparation of successful soups, which of the following statements is true? a. thick soups made with starchy vegetables may thin during storage. b. soups should be seasoned throughout the cooking process. c. finish a cream soup well before serving it to moderate the flavor. d. consommés take quite a long time to cool. student c incorrect

Answers: 2

Answer

Business, 22.06.2019 14:40

Which of the following would classify as a general education requirement

Answers: 1

Answer

Business, 22.06.2019 22:20

Which of the following events could increase the demand for labor? a. an increase in the marginal productivity of workers b. a decrease in the amount of capital available for workers to use c. a decrease in the wage paid to workers d. a decrease in output price

Answers: 1

Answer

You know the right answer?

Furtastic manufactures imitation fur garments. on june 1, 2018, furtastic made a sale to willett’s d...

Questions