Global supermarkets run a a moneyback guarantee for anyone

Reference no: EM13595154

Global supermarkets run a a moneyback guarantee for anyone with unused tomatoes who is not completely satisfied with their aerodynamic qualities. From past history, Global knows that only 2% of the tomatoes will be returned. This year they sell 700,000 kilograms of tomatoes at a price of 0.40 euros per kilo.

1.)Show the adjusting T-account entry necessary to record the libaility created by the money back guarantee
2.)Show the entry Global will have to make when a soggy but happy customer returns a kilo of tomatoes sometime after the adjusting entry in requirement 1 is made.

Reference no: EM13595154

Questions Cloud

The nguyen corporation borrowed 30000 to purchase some new : the nguyen corporation borrowed 30000 to purchase some new equipment. if the company agreed to make annual loan

A new project has expected annual net cash flows of 400000 : a new project has expected annual net cash flows of 400000 with a standard deviation of 250000. the distribution of

A proposal factory expansion project has an expected has an : a proposal factory expansion project has an expected has an expected net present value of 100000 with a standard

How do you predict the charge on an ion most likely to form : how do you predict the charge on an ion most likely to form from any main group

Global supermarkets run a a moneyback guarantee for anyone : global supermarkets run a a moneyback guarantee for anyone with unused tomatoes who is not completely satisfied with

Write the missing formulas in the chemical : write the missing formulas in the chemical equationss 6 h2o 1 ------------gt 3 mgoh2 s 2 nh 3 gmg oh2 s--------gt s

Calculate rons gross and net pay how excited should ron be : ron works for the local supermarket. rons pay is 10 per hour for the first forty hours each week. he receives time and

Fr the reaction 2hig h2g i2g keq 0016 initially a : for the reaction 2hig ? h2g i2g keq 0.016 initially a container contains 0.60 m hi 0.038 m h2 and 0.15 m i2 at

How long does it take a person at rest to breathe one mole : question how long does it take a person at rest to breathe one mole of air if the person breathes 80.0mls of air that

User Account

All Pages