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
Mariulka [41]
2 years ago
14

For each transaction in M2-5 (including the sample), write the journal entry in the proper form.

Business
1 answer:
solong [7]2 years ago
4 0

In M2-5, for each transaction write the journal entry in the proper form.

Each journal entry refers to entries which contain the data significant to a single business transaction, including the date, the amount to be credited and debited, accounts affected, and a brief description of the transaction.

So also for M2-5, for each transaction the journal entry is written. These journal entries provide important information that are used by auditors in order to analyze how financial transactions impact a business. Thus, a journal entry records a business transaction in the accounting system

Hence, journal entries are the foundation for all other financial reports.

To learn more about journal entry here:

brainly.com/question/17544070

#SPJ4

You might be interested in
Once a week, Smith purchases a six-pack of cola and puts it in his refrigerator for his two children. He invariably discovers th
MArishka [77]

Answer:

Jones purchases a six-pack of cola once a week for his two children, but unlike Smith, he tells them that each may drink no more than three cans.

Explanation:

Cost-benefit analysis is defined as a method to estimate all the costs involved and possible profits that can be achieved in a business opportunity.

Jones purchases a six-pack of cola once a week for his two children, but unlike Smith, he tells them that each may drink no more than three cans.

So, at Smith's house, there's always a chance that one of the siblings will drink the cola before the other.

Therefore,

cola can lasts much longer at Jones's house than at Smith's.

4 0
3 years ago
Which of the following is generally true about financial intermediaries?
Viefleur [7K]

Answer:

B) Intermediaries provide information to savers and investors.

Explanation:

The other options are incorrect,

A) Intermediaries decrease the level of risk for investors

C) Intermediaries channel money from savers to investors

D) Intermediaries are private agencies

6 0
2 years ago
which one of Porter's generic strategies is achieved by constructing efficient, large-scale facilities
11Alexandr11 [23.1K]

Answer: Overall Cost Leadership

Explanation:

Porter posited that one way a company can attain a competitive advantage in an industry is by overall cost leadership.

This means that the company needs to be able to produce goods and services in a cheaper and more efficient way than its competitors because then it can sell its products for cheaper prices and capture more market share.

One way of achieving cost leadership is by constructing efficient, large-scale facilities that will enable the company to take advantage of economies of scale and achieve less costs per unit.

6 0
3 years ago
Columbus Inc. sells a high end hair dryer in a super competitive marketplace. As a result, market research and competitive press
soldier1979 [14.2K]

Answer:

The hair dryer cost cannot exceed 27 dollars per unit

Explanation:

the target cost will the one which achieve the target profit at the selling price of the market.

In this case we are given that selling price is $53 and we want to achieve a 26 dollar gain per unit therefore:

revenue - cost = profit

revneue - profit = cost

53 -26 = cost

cost = 27

3 0
3 years ago
A real estate office handles a 80-unit apartment complex. When the rent is $550 per month, all units are occupied. For each $25
lukranit [14]

Answer:

The real estate should charge $1,300 to obtain maximum profit.

Explanation:

We can make K to represent the number of unit apartment occupied.

This means that the total rent the real estate office is getting can be denoted by;

{(550 + 25(80 - K)} K - 50K

Maximizing the above equation, we have;

y = 550K + 2,000K - 25K^2 - 50K

Collect like terms

= 2,500K - 25K^2

y' = (2,500K - 25K^2)' = 2,500 - 50K

y = 0

2,500 - 50K = 0

2,500 = 50K

K= 50

Rent is therefore;

Rent = 550 + (80 - K)25, where K is 50

= 550 + (80 - 50)25

= 550 + (30)25

= 550 + 750

= $1,300

6 0
4 years ago
Other questions:
  • Which of the following is a reason that accounts containing management estimates pose a high level of risk of material misstatem
    12·1 answer
  • . Tiger Mfg. owns a manufacturing facility that is currently sitting idle. The facility is located on a piece of land that origi
    7·1 answer
  • John's lawnmower stopped working midway through mowing his front yard. His interest in researching replacement lawnmower brands
    7·1 answer
  • Gannon Enterprises is in the midst of a major strategic change. To lessen resistance from some of thesenior managers who are opp
    6·2 answers
  • The father of 'statistical quality control' and inventor of the control chart is:
    8·1 answer
  • You oversee compliance with financial regulations for credit card transactions. You need to block out certain ports on the indiv
    9·1 answer
  • You decide to invest $100,000 in cryptocurrencies and you use that amount to buy bitcoin. Your bitcoin appreciate by 30% in one
    6·1 answer
  • For each of the following separate transactions: Sold a building costing $32,000, with $20,800 of accumulated depreciation, for
    10·1 answer
  • Why is it important to know the functions of Business?​:
    15·1 answer
  • Online companies create a ________consumers gain information that turns them into sophisticated customers, opportunities to cust
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!