An example of the effect of globalization on US consumers is what

Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual i

White raven [17]

Answer and Explanation:

The journal entries are shown below:

1. Merchandise Inventory $1,620

To Accounts Payable $1,620

(Being the calculators purchased on account)

2. Merchandise Inventory $50

To Cash $50

(Being freight expenses paid for cash)

3. Accounts Payable $38

To Merchandise Inventory $38

(being the returned inventory is recorded)

4. Accounts Receivable $690

To Sales Revenues $690

(Being the sales is recorded)

Cost of Goods Sold $520

To Merchandise Inventory $520

(Being the cost is recorded)

5. Sales returns $45

To Accounts Receivable $45

(being the sales return is recorded)

Merchandise Inventory $34

To Cost of Goods Sold $34

(Being the cost of returned is recorded)

6. Accounts Receivable $760

To Sales Revenues $760

(being the sale is recorded)

Cost of Goods Sold $570

To Merchandise Inventory $570

(Being the cost is recorded)

4 0

3 years ago

So if I ask a question does it take away my points or does it just get points from somewhere else and give it to you guys?? And

stealth61 [152]

yes your right it takes your points but it only gives us 5 to 100 and you but 5 so you only lost five and i got five but if you give brainest i will get 11 more so you should mark brainlest for ex

8 0

3 years ago

Read 2 more answers

Juanita makes $30 an hour at work. She has to take time off work to purchase her dress, so each hour away from work costs her $3

Phoenix [80]

Answer:

Juanita should purchase the suit at the store across town because the total economic cost will be lowest.

Explanation:

three options:

local store 15 minutes away and a price of $114
across town 30 minutes away and a price of $86
neighboring city 1 hour away and a price of $60

Juanita makes $30 per hour at her work, and her purchase decision includes the opportunity cost of lost wages:

total economic cost:

local store = $114 + [1/4 hours x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $144
across town = $86 + [1/2 hours x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $131
neighboring city = $60 + [1 hour x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $135

Juanita should purchase the skirt at the store across town because the total economic cost will be lowest ($131)

Opportunity costs are the benefits lost or extra costs incurred for choosing one activity or investment over another alternative. Economic costs include both accounting costs and opportunity costs.

5 0

3 years ago

Jan. 27 Received Lee's payment for principal and interest on the note dated December 13.

Vlada [557]

Question Completion:

Dec. 13 Accepted a $9,500, 45-day, 8% note dated December 13 in granting Miranda Lee a time extension on her past-due account receivable.

Answer:

Journal Entries:

Jan. 27 Debit Cash $9,595

Credit Notes Receivable (Miranda Lee) $9,500

Credit Interest Revenue $95

To record the full settlement of note and interest.

Mar. 3 Debit Notes Receivable (Tomas Company) $5,000

Credit Accounts Receivable (Tomas Company) $5,000

To record the acceptance of a 10%, 90-day note.

17 Debit Notes Receivable (H. Cheng) $2,000

Credit Accounts Receivable (H. Cheng) $2,000

To record the acceptance of a 30-day, 9% note

Apr. 16 Debit Accounts Receivable (H. Cheng) $2,015

Credit Notes Receivable (H. Cheng) $2,000

Credit Interest Revenue $15

To record the dishonoring of Cheng's note.

May 1 debit Allowance for Doubtful Accounts $2,105

Credit Accounts Receivable (H. Cheng) $2,015)

To record the write-off of H. Cheng's account.

June 1 Debit Cash $5,125

Credit Notes Receivable (Tomas Company) $5,000

Credit Interest Revenue $125

To record the full settlement of Tomas' account.

Explanation:

a) Data and Calculations:

Jan. 27 Cash $9,595 Notes Receivable (Miranda Lee) $9,500 Interest Revenue $95

Mar. 3 Notes Receivable (Tomas Company) $5,000 Accounts Receivable (Tomas Company) $5,000, 10%, 90-day note

17 Notes Receivable (H. Cheng) $2,000 Accounts Receivable (H. Cheng) $2,000 30-day, 9% note

Apr. 16 Accounts Receivable (H. Cheng) $2,015 Notes Receivable (H. Cheng) $2,000 Interest Receivable $15

May 1 Allowance for Doubtful Accounts $2,105 Accounts Receivable (H. Cheng) $2,015)

June 1 Cash $5,125 Notes Receivable (Tomas Company) $5,000 Interest Revenue $125

Interest amounts

4 0

3 years ago

Paraguay’s economy is afflicted by poverty and an absence of opportunities and advantages. However, a positive aspect of this si

Art [367]

Paraguay's economy is afflicted by poverty and an absence of opportunities and advantages. However, a positive aspect of this situation is none.

The economy of Paraguay is a market financial system that is distinctly depending on agriculture products. In latest years, Paraguay's economic system has grown because of improved agricultural exports, especially soybeans. Paraguay has the monetary benefits of a young population and great hydroelectric energy.

Paraguay has been one of the poorest and most unequal nations at the continent for a long term. the total poverty rate — defined by using the world financial institution as those with an income of much less than $3.10 a day — in Paraguay rose in 2016 from 26.6 percent to 28.8 percent.

Learn more about economy here: brainly.com/question/2824360

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7 0

2 years ago