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Scrat [10]
3 years ago
6

The White Company’s accounting system consists of a general journal, a cash receipts journal, a cash disbursements journal, a sa

les journal, and a purchases journal. For each of the following, indicate which journal should be used to record the transaction.
(1) Purchased merchandise on account
(2) Collected an account recheivable
(3) Recorded depreciation expenses
Business
1 answer:
yanalaym [24]3 years ago
7 0

Explanation:

The following transactions should be presented on a respective journals i.e

(1) Purchased merchandise on account = Purchase journal

As the purchase of merchandise is took place that is debited the merchandise inventory account and credited the account payable account

(2) Collected an account receivable = Cash journal as the cash is received

(3) Recorded depreciation expenses = General journal as it records the adjusting entries, or errors made in accounting, etc

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The leading producer of cell phone backup batteries, Jumpstart, has achieved great success because they produce high-quality bat
Serjik [45]

Answer:

shakeout stage    

Explanation:

Shakeout generally refers to market restructuring. Many companies are simply excluded as they can not expand alongside the market or continue to generate adverse cash flows.

Many firms have integrated with rivals or are purchased at the growth stage by those who have been able to get bigger market shares.  As of the shake-out level, revenue growth, cash flows, and income begin to decline as business reaches maturity.      

4 0
3 years ago
A $10,000 face value Treasury bond is quoted at a price of 101.6533 with a current yield of 4.87 percent. What is the coupon rat
musickatia [10]

Answer:

D) 4.95 percent

Explanation:

The current yield formula can be used to determine the coupon payment which would thereafter be used to compute coupon rate as required:

current yield=coupon payment/current market price

current yield=4.87%

coupon payment=unknown

current market price=101.6533%*$10,000

current market price=$10,165.33  

4.87%=coupon payment/$10,165.33  

coupon payment=$10,165.33 *4.87%

coupon payment=$495.051571

coupon rate=coupon payment/face value

coupon rate=$495.051571 /$10,000

coupon rate=4.95%

4 0
3 years ago
Which of the following statements is correct?
GREYUIT [131]

Answer:

The answer is: A) All items that are included in M1 are included also in M2.

Explanation:

I guess this question is about money supply.

The money supply is the total amount of money available in an economy. It includes:

  • M1 includes coins and notes (bills) in circulation plus other money equivalents that are easily liquidated.
  • M2 includes M1 plus short term bank deposits and 24 hour money market funds.
  • M3 includes M2 plus long term bank deposits and money markets with more than 24 hour maturity.

8 0
2 years ago
Economic studies have generally found that professional sports players have salaries that
Rudiy27

Answer:

should be equal to their marginal revenue product.

Explanation:

This applies to basically all employees that work in competitive markets, their salaries should equal their marginal revenue product.

An employee's salary = the market value of hiring the employee = marginal revenue product

The formula for calculating marginal revenue product = marginal physical product x marginal revenue

where:

  • marginal physical product = extra units produced by the employee
  • marginal revenue = price of the units produced

For example, a new employee can produce 100 units per day and each unit is sold at $0.75, therefore the employee's marginal revenue product = 100 units x $0.75 per unit = $75 per day

4 0
3 years ago
Carolina Biological Supply Company sells science instructional materials. It wants to grow beyond the current customer base and
irina [24]

Answer: B) identify business needs, segment total market, profile target customer segment, research and validate marketing opportunity

Explanation:

The options for the question are:

A) research and validate marketing opportunity, identify business needs, segment total market, profile target customer segment, research and validate marketing opportunity

B) identify business needs, segment total market, profile target customer segment, research and validate marketing opportunity

C) profile target customer segment, identify business needs, segment total market, research and validate marketing opportunity

Market targeting simply has to do with selecting target market from whole market and it should be noted that target market are the people that company or organization wants to satisfy.

In the scenario above, the first thing is to identify business needs. Every successful company has to identify its business needs. After then, market segmentation takes place and this is when potential customers are being divided into segments or groups as a result of the features they possess like location and interests.

After then, the target customer segment are being profiled. This is done in order to know more about the customers and to also tailor the products towards the requirements of the segments. Lastly, the marketing opportunity is being researced and validated.

3 0
3 years ago
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