Problem Ocean Breeze Hotel records room service sales daily. Friday's report shows: breakfast orders. $890, lunch $1,240, dinner $1,680, and complimentary items $320. Find the total room service revenue.
Q: Hello tutor provide answer this accounting question not use ai
A: Step 1:Standard rate is the rate which a company assumed to be incur on production.Standard cost…
Q: What is the correct accounting treatment for...
A: Explanation of Self-Constructed Fixed Assets: Self-constructed fixed assets are long-term assets…
Q: Hii somebody help me
A: Option a: This is actually an incorrect statement. There is no need for shareholder approval for a…
Q: Sunny corporation this question solution general accounting
A: Step 1: Define Long-term DebtsLong-term debts refer to the amount of debt that a corporation holds…
Q: (25) A bookstore reports these data: • Selling price per unit: $8 •Variable cost per unit: $4 Number…
A: Step 1:Break even point the the point where there is no profit and not loss situation. It means…
Q: Given answer Accounting
A: Step 1: Define Times Interest Earned RatioIf a company only used its earnings before interest and…
Q: None
A: Here's how We would proceed with the tax preparation for Vicky's Schedule D based on the…
Q: Martin Clothing Company is a retail company that sells hiking and other outdoor gear specially made…
A: Hello student! Before we start, I would like to present the data in an organized form: BUDGETED CASH…
Q: ?
A: Explanation of Partnership: A partnership is a business organization where two or more individuals…
Q: I need answer of this question general finance
A: Step 1: Define Statement of Cash FlowsA cash flow statement is an important aspect of a company's…
Q: 1. 2. Dividends in the amount of $6,000 were declared and paid during 2025. Depreciation expense and…
A:
Q: Accounting
A: Step 1: Define Operating LeverageOperating leverage measures the sensitivity of operating income to…
Q: Comprehensive Income
A: Explanation of Net Operating Income: Net operating income represents the profit generated from a…
Q: I am in trouble
A: Explanation of Design Services Cost: Design services cost refers to the fee charged for the time…
Q: The processing department this question solution general accounting
A: Step 1:Process costing is a method of recording cost for the jobs which process through various…
Q: Please help
A: Step 1: Determine the beginning, purchase, and ending office supplies.Beginning - $12,000Purchases -…
Q: Use table Info & answer me
A: Explanation of Direct Materials:Direct materials are the raw materials that can be directly traced…
Q: tutor hrlp
A: Approach to solving the question: Analysis Detailed explanation:Given Data:Direct materials:…
Q: Use the following information..given answer Accounting
A: Return on Equity = Net Income/Shareholders Equity Return on Equity = 645/(980+1720) Return on Equity…
Q: Hi bestie what is a movable noun
A: Detailed explanation: 1. Countable NounsCountable nouns are objects or things that can be counted…
Q: Please solve this accounting question do fast and step by step calculation
A: Step 1: Define Cost of EquityThe cost of equity for a firm maybe determined by using various…
Q: I want help to solve this Question
A: Explanation of Variable Costs:Variable costs are the costs that change directly with the level of…
Q: Cost Accounting
A: To calculate the Beginning Equity, we use the accounting…
Q: Principle in accounting
A: Explanation:The neutrality principle in accounting ensures that financial reporting is free from…
Q: I want to correct answer general accounting
A: Step 1: Define Manufacturing OverheadThe manufacturing overhead cost represents the indirect…
Q: Paige...accounting question
A: Step 1: Define Plant ExpansionPlant expansion involves acquiring equipment and machinery by a…
Q: What should investors expect as a return on Elsenore on these accounting question?
A: Step 1: Define Capital Asset Pricing Model (CAPM)The CAPM equation is used to ascertain the rate of…
Q: I want to correct answer accounting
A: Step 1: Define Material Quantity VarianceMaterial quantity variance arises because of the difference…
Q: Want Correct Answer
A: The economic entity assumption states that business transactions should be kept separate from the…
Q: What is the price..given answer Accounting
A: Price Earning Ratio = Price/EPSHere, Price generally implies Market Price, since the same is not…
Q: I need answer of this question general finance
A: To determine the beginning inventory for Joe's Grocery Store, we used the inventory accounting…
Q: Please solve this general accounting question
A: Step 1: Define Inventory ValuationIn the context of accounting, the inventory of a firm may be…
Q: Rose and Richard purchased a home in 2022. Sadly Rose divorced Richard leaving Richard with the…
A: Step 1: Calculate the gain on the saleStep 2: Determine eligibility for the Section 121…
Q: 48 Endothon Company presently manufactures and assembles all the parts for its toy tractor product.…
A: Step 1: Cost of Making Variable costs per unit = Direct materials + Direct labor + Variable…
Q: what is the price earnings ratio?Please give me answer
A: 1.Step 1: Find the earnings per share (EPS): * Additions to retained earnings = $290,000 * Cash…
Q: Get correct answer general accounting
A: Step 1: Define Return on AssetsReturn on Assets is expecting income or return on assets of the…
Q: Please provide this question solution general accounting
A: Step 1:Formula of current ratio = Current assets/ current liabilities Current assets are those…
Q: Please give me answer Accounting question
A: Step 1: Define Dividends and Return on AssetsIn the context of accounting, the return on assets…
Q: Solve with explanation accounting
A: Step 1: Define Promissory NotePromissory Note is a written promise to pay issued by the debtor to…
Q: I need answer of this question solution general accounting
A: Step 1: Define Corporate TaxCorporate tax is a direct tax levied by a jurisdiction which is usually…
Q: General Accounting
A: Step 1: Define Manufacturing OverheadManufacturing overhead is an indirect production cost that…
Q: Supplies Expense?
A: Explanation of Periodic Inventory System: A periodic inventory system is a method of tracking…
Q: Exhibit 5 Present Value of $1 at Compound In Periods 4% 41% 5% 1 0.96154 0.956940 0.95238 2 0.92456…
A: Approach to explanation:Step 1:Exhibit 5.Given:Assume that you are going to receive $680,000 in 10…
Q: Please solve this accounting problem
A: Explanation: The formula to calculate after-tax profit margin is = (Net income after tax/Sales) *…
Q: Determine the cost of merchandise available for sale.
A: Cost of merchandise available for sale = Beginning inventory + Net Purchases Net Purchases =…
Q: Provide this question solution general finance
A: Step 1: Define Net Profit MarginThe net profit margin is one of the profitability ratios used in the…
Q: XYZ Ltd. produces two products, with the following data: Product X: Selling price Sh. 300, Variable…
A: i) Break-Even Summary:Break-Even Units: 13,889 units (9,722 X, 4,167 Y)Break-Even Sales Value: Sh.…
Q: Accounting question
A: Step 1: Define InventoriesInventories are one of the common balance sheet accounts in the financial…
Q: On January 1, 2023, Concord Limited paid $415,744 for 10% bonds with a maturity value of $385,000.…
A: Step 1:First calculate the premium on bond receivable: Premium on bond receivable = Issue price -…
Q: Please give me answer Accounting
A: Step 1: Define Direct MaterialsDirect materials are supplies and materials used in the production of…
I want answer
Step by step
Solved in 2 steps
- A beverage wholesale outlet sells beverages by the case. On April 13, a customer purchased 18 cases of wine at $42 per case, 20 cases of soda at $29 per case, and 45 cases of water at $17 per case. The customer pays with a Merill credit card. Merill charges a usage fee to the company of 5% of the total sale. What is the sales entry for this purchase?Guardian Services Inc. had the following transactions during the month of April: a. Record the June purchase transactions for Guardian Services Inc. in the following purchases journal format: b. What is the total amount posted to the accounts payable and office supplies accounts from the purchases journal for April? c. What is the April 30 balance of the Officemate Inc. creditor account assuming a zero balance on April 1?Review the following sales transactions for Dish Mart and record any required journal entries. Note that all sales transactions are with the same customer, Emma Purcell. Mar. 5 Dish Mart made a cash sale of 14 sets of dishes at a price of $700 per set to customer Emma Purcell. The cost per set is $460 to Dish Mart. Mar. 9 Dish Mart sold 30 sets of dishes to Emma for $650 per set on credit, at a cost to Dish Mart of $430 per set. Terms of the sale are 10/15, n/60, invoice date March 9. Mar. 13 Emma discovers 8 of the dish sets are damaged from the March 9 sale and returns them to Dish Mart for a full refund. Mar. 14 Dish Mart sells 7 sets of dishes to Emma for $670 per set on credit, at a cost to Dish Mart of $410 per set. Terms of the sale are 10/10, n/60, invoice date March 14. Mar. 15 Emma discovers that 3 of the dish sets from the March 14 purchase and 7 of the dish sets from the March 5 sale are missing a few dishes but keeps them since Dish Mart granted an allowance of $220 per…
- Review the following sales transactions for Dish Mart and record any required journal entries. Note that all sales transactions are with the same customer, Emma Purcell. Mar. 5 Dish Mart made a cash sale of 14 sets of dishes at a price of $900 per set to customer Emma Purcell. The cost per set is $450 to Dish Mart. Mar. 9 Dish Mart sold 30 sets of dishes to Emma for $850 per set on credit, at a cost to Dish Mart of $420 per set. Terms of the sale are 10/15, n/60, invoice date March 9. Mar. 13 Emma discovers 8 of the dish sets are damaged from the March 9 sale and returns them to Dish Mart for a full refund. Mar. 14 Dish Mart sells 7 sets of dishes to Emma for $870 per set on credit, at a cost to Dish Mart of $420 per set. Terms of the sale are 10/10, n/60, invoice date March 14. Mar. 15 Emma discovers that 3 of the dish sets from the March 14 purchase and 7 of the dish sets from the March 5 sale are missing a few dishes but keeps them since Dish Mart granted an allowance of…Review the following sales transactions for Dish Mart and record any required journal entries. Note that all sales transactions are with the same customer, Emma Purcell. Mar. 5 Dish Mart made a cash sale of 14 sets of dishes at a price of $900 per set to customer Emma Purcell. The cost per set is $450 to Dish Mart. Mar. 9 Dish Mart sold 30 sets of dishes to Emma for $850 per set on credit, at a cost to Dish Mart of $420 per set. Terms of the sale are 10/15, n/60, invoice date March 9. Mar. 13 Emma discovers 8 of the dish sets are damaged from the March 9 sale and returns them to Dish Mart for a full refund. Mar. 14 Dish Mart sells 7 sets of dishes to Emma for $870 per set on credit, at a cost to Dish Mart of $420 per set. Terms of the sale are 10/10, n/60, invoice date March 14. Mar. 15 Emma discovers that 3 of the dish sets from the March 14 purchase and 7 of the dish sets from the March 5 sale are missing a few dishes but keeps them since Dish Mart granted an allowance of…en June 12, Music, Incorporated sells $4,000 of goods on account to a credit customer with credit terms of 1/10, n/30. If the custome ays on June 20, select the correct entry to record the receipt of the customer's payment: Multiple Choice Account Name Debit Credit Cash 4,000 Accounts Receivable 4,000 Account Name Debit Credit Cash 3,960 Sales Discounts 40 Accounts Receivable 4,000 Account Namė Debit Credit Accounts Receivable 3,960 Sales Discounts 40 Cash 4,000 ***. MAY 7
- Provide solutionReview the following sales transactions for Dish Mart and record any required journal entries. Note that all sales transactions are with the same customer, Emma Purcell. Mar. 5 Dish Mart made a cash sale of 10 sets of dishes at a price of $900 per set to customer Emma Purcell. The cost per set is $585 to Dish Mart. Mar. 9 Dish Mart sold 30 sets of dishes to Emma for $900 per set on credit, at a cost to Dish Mart of $585 per set. Terms of the sale are 5/15, n/60, invoice date March 9. Mar. 13 Emma returns eight of the dish sets from the March 9 sale to Dish Mart for a full refund. Dish Mart returns the dish sets to inventory at their original cost of $585 per set. Mar. 14 Dish Mart sells 7 sets of dishes to Emma for $600 per set on credit, at a cost to Dish Mart of $390 per set. Terms of the sale are 5/10, n/60, invoice date March 14. Mar. 15 Emma discovers that 3 of the dish sets from the March 14 purchase, and 7 of the dish sets from the March 5 sale are missing a few…Review the following sales transactions for Dish Mart and record any required journal entries. Note that all sales transactions are with the same customer, Emma Purcell. Mar. 5 Dish Mart made a cash sale of 11 sets of dishes at a price of $600 per set to customer Emma Purcell. The cost per set is $470 to Dish Mart. Mar. 9 Dish Mart sold 30 sets of dishes to Emma for $550 per set on credit, at a cost to Dish Mart of $400 per set. Terms of the sale are 10/15, n/60, invoice date March 9. Mar. 13 Emma discovers 8 of the dish sets are damaged from the March 9 sale and returns them to Dish Mart for a full refund. Mar. 14 Dish Mart sells 8 sets of dishes to Emma for $570 per set on credit, at a cost to Dish Mart of $410 per set. Terms of the sale are 10/10, n/60, invoice date March 14. Mar. 15 Emma discovers that 3 of the dish sets from the March 14 purchase and 7 of the dish sets from the March 5 sale are missing a few dishes but keeps them since Dish Mart granted an allowance of…
- Review the following sales transactions for Dish Mart and record any required journal entries. Note that all sales transactions are with the same customer, Emma Purcell. Mar. 5 Dish Mart made a cash sale of 15 sets of dishes at a price of $800 per set to customer Emma Purcell. The cost per set is $520 to Dish Mart. Mar. 9 Dish Mart sold 30 sets of dishes to Emma for $800 per set on credit, at a cost to Dish Mart of $520 per set. Terms of the sale are 5/15, n/60, invoice date March 9. Mar. 13 Emma returns eight of the dish sets from the March 9 sale to Dish Mart for a full refund. Dish Mart returns the dish sets to inventory at their original cost of $520 per set. Mar. 14 Dish Mart sells 5 sets of dishes to Emma for $800 per set on credit, at a cost to Dish Mart of $520 per set. Terms of the sale are 5/10, n/60, invoice date March 14. Mar. 15 Emma discovers that 3 of the dish sets from the March 14 purchase, and 7 of the dish sets from the March 5 sale are missing a few…Review the following sales transactions for Dish Mart and record any required journal entries. Note that all sales transactions are with the same customer, Emma Purcell. Mar. 5 Dish Mart made a cash sale of 12 sets of dishes at a price of $600 per set to customer Emma Purcell. The cost per set is $500 to Dish Mart. Mar. 9 Dish Mart sold 20 sets of dishes to Emma for $550 per set on credit, at a cost to Dish Mart of $450 per set. Terms of the sale are 10/15, n/60, invoice date March 9. Mar. 13 Emma discovers 8 of the dish sets are damaged from the March 9 sale and returns them to Dish Mart for a full refund. Mar. 14 Dish Mart sells 8 sets of dishes to Emma for $570 per set on credit, at a cost to Dish Mart of $400 per set. Terms of the sale are 10/10, n/60, invoice date March 14. Mar. 15 Emma discovers that 3 of the dish sets from the March 14 purchase and 7 of the dish sets from the March 5 sale are missing a few dishes but keeps them since Dish Mart granted an allowance of…A retailer buys merchandise from a supplier with an invoice amount of $12,400. The terms of the sale are 5/20, n/30. What is the net amount due (in $) on the order if the bill is paid by the 20th day? Need Help? Food Watch t