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2 years ago

Journal entry for purchased goods from ABC Co. for Rs. 11,000.

Business

1 answer:

vladimir1956 [14]2 years ago

3 0

Answer:

purchase A/c. Dr. Rs.11,000

To ABC CO.A/c. Rs.11,000

(being goods purchased in cash)

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On January 1, 2009, Diego owed $14,033 to his friend Ricardo, who was kind enough not to charge Diego any interest. Each month d

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Answer:

$481

Explanation:

Amount paid = Amount lent - Amount left

Amount paid = $14,033 - $8,261

Amount paid = $5,772

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Average amount paid each month = $5,772 / 12

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So, the average amount of Diego's monthly payments is $481.

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3 years ago

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Which of the following statements is correct?

vladimir2022 [97]

Answer:

C. Governments have a difficult time fine-tuning the economy by using fiscal policy because there are several time lags and these are often variable.

Explanation:

Fiscal policy includes two important tools, one is taxation and the other is government spending, the balance of which is essential for the sustainable economy, however the collection of expected tax and the nature of spending (also include the priorities) takes time and certain variable factors e.g. economic growth (GDP), employment, inflation, etc makes it difficult for the government to fine tune the economy.

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3 years ago

Cassius Corporation has provided the following contribution format income statement. Assume that the following information is wi

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Answer:

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Explanation:

The breakeven point is the number of units that must be sold for the company to make neither a loss nor a profit. A target profit is the net of the sales less the sum of the fixed and variable expenses. The contribution margin is the difference between the sales and variable cost.

Sales per unit = $210,000/7000 = $30

Variable cost per unit = $136,500/7000 = $19.50

Let the number of units to be sold to achieve the profit target be x

30x - 19.5x - 67200 = 31500

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x = 98700/10.5

x = 9,400 units

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3 years ago

Journal entry for purchased goods from ABC Co. for Rs. 11,000.​

Journal entry for purchased goods from ABC Co. for Rs. 11,000.