1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
scoray [572]
2 years ago
10

question content area in recording the cost of goods sold for cash, based on data available from perpetual inventory records, th

e journal entry is:
Business
1 answer:
krek1111 [17]2 years ago
8 0

In recording the cost of goods sold for cash, based on data available from perpetual inventory records, the journal entry is debit Cost of Goods Sold; credit Inventory.

<h3>What are inventory?</h3>

Inventory include taken records of goods that are sold and the once that are available.

For goods that are sold they are removed from the available goods including the cost and added to the inventory as sold.

Therefore, In recording the cost of goods sold for cash, based on data available from perpetual inventory records, the journal entry is debit Cost of Goods Sold; credit Inventory.

Learn more on inventory below,

brainly.com/question/24868116

#SPJ12

You might be interested in
Alex Ltd. produces kitchen tools, and operates several divisions as profit centers. Division M produces a product that it sells
alexira [117]

Answer:

Division N's purchase costs will decrease by $90,000 per year

Explanation:

Division N's purchase cost form outside vendor = total units purchased per year x unit price = 30,000 units x $15 = $450,000

if Division N obtains the product form division M with a transfer price of $12 per unit, their costs will decrease by = total units x (vendor price - transfer price) = 30,000 units x ($15 - $12) = $90,000 per year

4 0
3 years ago
A fábrica Pettinati Brinquedos e Lazer Associados foi obrigada a reduzir seu pessoal em função da perda de um importante cliente
Neporo4naja [7]
C, D, E..................................
8 0
3 years ago
Read 2 more answers
A ______ is a piece of real estate owned by multiple, unrelated individuals who, in addition to their ownership rights, each hol
finlep [7]

Answer:

Time-Share Estate

Explanation:

Definition:

A time-share estate is an illustration of a concept also known as fractional ownership. It is a structure that allows individuals to purchase the right of occupancy of a unit of real estate for a specific period.

Of course, a good example of why buyers will choose this type of real estate purchase is to get the use of a unit of housing that is not always in use all year round. For instance, time-sharing is popular with resorts, vacation homes and even with recreational vehicles.

It is important to know also that the time-sharing industry is mostly available within the United States and it is a multi-billion dollar industry, meaning the time-sharing concept is popular in the United States.

Different Types

Fixed Weeks or Floating Weeks Option - as the names suggest, owners are either allowed to pre-determine the specific period of the year and the number of weeks to make use of the estate or choose the floating weeks which leaves the occupant the choice to choose weeks within a given period say January-March, September-November etc.

6 0
2 years ago
Suppose you just won the state lottery, and you have a choice between receiving $2,575,000 today or a 20-year annuity of $250,00
Shkiper50 [21]

Answer:

Ans. rate of return= 7.37%

Explanation:

The easiest way to find this discount rate is to set a MS Excel sheet and use the function "Find Goal". In the attachments, there is a spreadsheet that I got ready for you. There are 2 cells in color, one is yellow and the other one is green. You just go ahead and replace the value of the green cell with any percentage that you want, for example, 2%, then use the function "find goal" and set the objective cell to be the yellow cell (B5), changing the cell in green (B7), and hit enter.

Best of luck.

Download xlsx
8 0
3 years ago
Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,600. Budgeted cash rec
professor190 [17]

Answer:

Company should borrow = $15200

Explanation:

Below is the calculation for the borrowing amount:

Cash balance at the beginning = $18600

Add - Cash receipts = 186000

Less- Cash disbursements = (189200)

Budgeted cash balance = 18600 + 186000 - 189200 = 15400

Borrowing will be = Ending cash - 15400

Borrowing will be = 30600 - 15400

Borrowing will be = $15200

Company should borrow = $15200

6 0
2 years ago
Other questions:
  • Ryan wants to work in a factory as a machine operator. What is a basic requirement for this job? A. a doctorate degree B. on-the
    5·2 answers
  • One test of evidence is "does the evidence come from unbiased sources?"
    6·1 answer
  • When the share of individual income tax collected by the government from people with higher incomes is smaller than the share of
    8·1 answer
  • Quien es el Dueño de fedex
    14·1 answer
  • A wheat farmer sells wheat in a perfectly competitive market and hires labor in a perfectly competitive market. The market price
    13·1 answer
  • Which of the following is not an assumption associated with the definition of a production function?
    6·1 answer
  • Have my points uf7ttg vgh
    10·1 answer
  • What is judiciary and executive?<br>​
    14·1 answer
  • The __________ strategy is the choice to do nothing to protect a vulnerability and to accept the outcome of its exploitation.
    9·1 answer
  • What change in the book value of the company's equity took place at the end of ?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!