subject
Business, 20.02.2020 00:55 westlakebuddy1229

Problem 5-2A Record transactions related to credit sales and contra revenues (LO5-1, 5-2)
[The following information applies to the questions displayed below.]

Outdoor Expo provides guided fishing tours. The company charges $120 per person but offers a 10% discount to parties of four or more. Consider the following transactions during the month of May.

May 2 Charlene books a fishing tour with Outdoor Expo for herself and four friends at the group discount price ($540 = $108 × 5). The tour is scheduled for May 7.
May 7 The fishing tour occurs. Outdoor Expo asks that payment be made within 30 days of the tour and offers a 5% discount for payment within 15 days.
May 9 Charlene is upset that no one caught a single fish and asks management for a discount. Outdoor Expo has a strict policy of no discounts related to number of fish caught.
May 15 Upon deeper investigation, management of Outdoor Expo discovers that Charlene’s tour was led by a new guide who did not take the group to some of the better fishing spots. In concession, management offers a sales allowance of 30% of the amount due.
May 20 Charlene pays for the tour after deducting the sales allowance.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 09:30, cwebb4383
Darlene has a balance of 3980 on a credit card with an apr of 22.8% paying off her balance and which of these lengths of time will result in her paying the least amount of interest?
Answers: 2
image
Business, 22.06.2019 11:40, nelly88
If kroger had whole foods’ number of days’ sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? round interim calculations to one decimal place and your final answer to the nearest million.
Answers: 2
image
Business, 22.06.2019 12:10, montgomerykarloxc24x
The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were:
Answers: 3
image
Business, 22.06.2019 17:30, gghkooo1987
An essential element of being receptive to messages is to have an open mind true or false
Answers: 2
You know the right answer?
Problem 5-2A Record transactions related to credit sales and contra revenues (LO5-1, 5-2)
[The...

Questions in other subjects:

Konu
Mathematics, 17.02.2021 01:00
Konu
Chemistry, 17.02.2021 01:00
Konu
Mathematics, 17.02.2021 01:00