The optimal quantity of the three products and resulting revenue for Taco Loco is:
A) 28 beef, 80 cheese, and 39.27 beans for $147.27.
B) 10.22 beef, 5.33 cheese, and 28.73 beans for $147.27.
C) 1.45 Z, 8.36 Y, and 0 Z for $129.09.
D) 14 Z, 13 Y, and 17 X for $9.81.
Answer: C
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The accuracy of the statement of cash flows can be verified by computing the change in the balance of the cash and cash equivalents
a. True b. False Indicate whether the statement is true or false
Give examples of pure tangible goods
What will be an ideal response?
When a company is showing a net loss, it is always best to discontinue the segment in order not to continue with losses
Indicate whether the statement is true or false
In the current year, Borden Corporation had sales of $2,120,000 and cost of goods sold of $1,260,000. Borden expects returns in the following year to equal 5% of sales. The unadjusted balance in Inventory Returns Estimated is a debit of $18,000, and the unadjusted balance in Sales Refund Payable is a credit of $22,000. The adjusting entry or entries to record the expected sales returns is (are):
A.
Sales returns and allowances | 84,000? | |
Sales | 84,000? | |
Cost of Goods Sold | 45,000? | |
Inventory Returns Estimated | 45,000? |
B.
Sales Refund Payable | 84,000? | |
Accounts receivable | 84,000? |
C.
Accounts Receivable | 2,120,000? | |
Sales | 2,120,000? |
D.
Sales Returns and Allowances | 84,000? | |
Sales Refund Payable | 84,000? | |
Inventory Returns Estimated | 45,000? | |
Cost of goods sold | 45,000? |
E.
Sales | 2,120,000? | |
Sales Refund Payable | 106,000? | |
Accounts receivable | 2,014,000? |