Answer:
Kindly find the following transactions of Marchetti Soup Company during the month of June below in the Explanation section
Explanation:
Solution
Transaction Account Title Debit Credit
1. Inventory 165,000
Accounts payable 165,000
2. Salaries expense 40,000
Cash 40,000
3. Accounts receivable 200,000
Sales 200,000
Cost of merchandise sold 120,000
Inventory 120,000
4 Cash 180,000
Accounts receivable 180,000
5 Accounts payable 145,000
Cash 145,000
The correct statement is that the monthly payments on the purchase of a new car by Renee will be $655 on the interest rate of 11.34 percent for a period of four years.
The calculation of the value of the monthly payments to be made by Renee can be ascertained by computing all the costs of such transaction and then division by the number of months available.
<h3>Calculation of Monthly Payments</h3>
The total principal net value of the car comes down to $19945 after adding all the costs and deducting the trade-in value of the old car at 85% of the total value.
The formula for the calculation of total annuity is as below and the values given are being applied,
Now the monthly payments over a period of four years will be,
So, a monthly payment of $655 needs to be made in order to purchase such a car.
Hence, the correct statement is that the monthly payments on the purchase of a new car by Renee will be $655 on the interest rate of 11.34 percent for a period of four years.
Learn more about Monthly Payments here:
brainly.com/question/22891559
Answer:
The Fixed-Order-Quantity method depends on when to order a fixed amount. The order will be placed when the inventory level reaches the reorder point. E.g. a new order is placed every time inventory level is below 100 units.
The Fixed-Order-Interval works differently, since the inventory level is checked every certain amount of time, and an order is made when the level is below an specific reorder point. E.g. inventory is checked every 2 weeks.
The main difference between both systems is that FOQ continuously checks the inventory level, while FOI checks the inventory level following a schedule. The FOQ should result in a more stable inventory level and number of orders.
The FOI requires a larger safety stock because the risk of selling more than expected always exists. E.g. you check inventory every 2 weeks, and you last checked a Tuesday. If suddenly a client places a large order on Wednesday, you are at risk of a stockout for 13 days.
Answer:
$340,000
Explanation:
Revenue target for September is $30,000 larger than its revenue target for June, since there are 3 months between June and September, its revenue target grew by $10,000 each month (= $30,000 / 3).
If the company's revenue target is $310,000 for December, and it continues to grow at the same rate, t will be $320,000 for January, $330,000 for February and finally $340,000 for March.
Answer: This implies that the cross elasticity of demand between orange juice and apple juice is <u>0.5.</u>
Explanation:
The cross elasticity of demand is evaluated as:
Price of orange juice increased by 20 percent, which resulted in a 10 percent increase in the quantity of apple juice consumed.
The cross elasticity of demand 
The cross elasticity of demand = 0.5
Hence, This implies that the cross elasticity of demand between orange juice and apple juice is <u>0.5.</u>
