1. Company 1 sold goods to a customer on credit for £300,000. The goods were purchased in cash for £200,000. The customer subsequently returned goods
with a sale value of £50,000 to the Company. Which of the following entries is
consistent with the net effect of the above transactions?
A. Debit goods for resale £300,000 and credit revenue £300,000
B. Debit purchases £150,000 and credit cash £150,000
C. Debit receivables £250,000, debit purchases £200,000, debit returns inward
£50,000, credit revenue £300,000 and credit cash £200,000
D. Debit receivables £300,000, debit purchases 150,000, credit revenue
£250,000 and credit cash £200,000

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150

Budget in this final week, you will develop a proposed budget of $150,000 for the first year of the program and complete the final concept paper for the proposed program due for senior management review. the budget should identify the program's anticipated expenses for the year ahead. budget line items should be consistent with the proposed program and staffing plan. using the readings for the week, the south university online library, and the internet, complete the following tasks: create a proposed budget of $150,000 for the first year of the proposed program including the cost for personnel, supplies, education materials, marketing costs, and so on in a microsoft excel spreadsheet. you may transfer your budget to your report. justify the cost for each item of the proposed budget in a budget narrative.

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?