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1 year ago

Using a perpetual inventory system, the entry to record the return of merchandise purchased on account includes a.

1 answer:

3 0

Using a perpetual inventory system, the entry to record the return of merchandise purchased on account includes 4)Merchandise Inventory.

Product vending is the practice of intentionally promoting, showing, and promoting the goods in your keep. A huge part of this is visual merchandising—the process of making plans, designing, and showing merchandise to focus on their capabilities and advantages.

Merchandising is the exercise and procedure of displaying and selling merchandise to clients. Whether or not digital or in-save, stores use vending to persuade clients' motives and reach their sales goals.

Vending approach selling merchandise to retail customers. Merchandisers, also known as retailers, buy merchandise from wholesalers. Manufacturers, upload a markup or gross earnings quantity and sell the products to customers at a better rate than what they paid.

Disclaimer: The question is incomplete. Please read below to find the missing content.

Question: Under the perpetual inventory system, all purchases of merchandise are debited to the account

1)Cost of Merchandise Available for Sale

2)Cost of Merchandise Sold

3)Purchases

4)Merchandise Inventory

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Which statement about deposits are true? Check all that apply

LuckyWell [14K]

The statements that are true about deposits is:

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Read 2 more answers

Entertainment Tonight, Inc. manufactures and sells stereo systems that include an assurance-type warranty for the first 90 days.

Solnce55 [7]

The estimated cost of the assurance-warranty is $350. The accounting for warranty will include a credit to Unearned Warranty Revenue, $900

Explanation:

Entertainment Tonight, Inc. manufactures and sells stereo systems that include an assurance-type warranty for the first 90 days. Entertainment Tonight also offers an optional extended coverage plan under which it will repair or replace any defective part for 2 years beyond the expiration of the assurance-type warranty. The total transaction price for the sale of the stereo system and the extended warranty is $3,000. The standalone price of each is $2,300 and $900, respectively. The estimated cost of the assurance-warranty is $350. The accounting for warranty will include a credit to Unearned Warranty Revenue, $900.
Unearned extended warranty revenue is given to be as an unearned revenues in accrued liabilities in the balance sheets.
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3 years ago

Countess Corp. is expected to pay an annual dividend of $5.29 on its common stock in one year. The current stock price is $79.83

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Answer:

10.03%

Explanation:

Using the dividend discount formula, find the cost of equity; r

$r = \frac{D1}{P0} +g$

whereby,

D1 = Next year's dividend = 5.29

P0 = Current price of the stock = 79.83

g = growth rate of dividends = 3.40% or 0.034 as a decimal

Next, plug in the numbers to the formula above;

$r = \frac{5.29}{79.83} +0.034\\ \\ r =0.06627 + 0.034\\ \\ =0.10027$

As a percentage, r = 10.03%

Therefore, the company's cost of equity is 10.03%

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3 years ago

Check my workCheck My Work button is now enabledItem 15 Time Remaining 2 hours 27 minutes 1 second02:27:01 Exercise 8-16 Direct

Step2247 [10]

Answer:

Zan Corporation

Production Department

Quarters 1st 2nd 3rd 4th Total

1. Raw materials 50,000g 62,000g 54,000g 44,000g 210,000g

Purchased

2. Cost of purchases $60,000 $74,400 $64,800 $52,800 $252,000

3. Total disbursement $38,880 $68,640 $68,640 $57,520 $233,680

4. Direct labor costs $11,500 $18,400 $16,100 $13,800 $59,800

Explanation:

a) Data and Calculations:

Forecast Production

Quarters 1st 2nd 3rd 4th Total

Units to be produced 5,000 8,000 7,000 6,000 26,000

Grams required 40,000g 64,000g 56,000g 48,000g 208,000

Beginning Inventory 6,000g 16,000g 14,000g 12,000g 6,000g

Raw materials purchase 50,000g 62,000g 54,000g 44,000g 210,000g

Ending Inventory 19,200g 16,800g 14,400g 9,600g

Cost of purchases $60,000 $74,400 $64,800 $52,800 $252,000

Beginning Inventory cost 7,200 19,200 16,800 14,400

Total Cost of materials $67,200 $93,600 $81,600 $67,200

Cost of materials used $48,000 $76,800 $67,200 $57,600

Grams required by 1 unit 8 gm

Cost of 1 gm = $1.20

Ending Raw materials

25% of next quarter's 16,000gm 14,000gm 12,000gm 8,000gm

Accounts Payable

Beginning balance $2,880

Cost of purchases $60,000 $74,400 $64,800 $52,800 $252,000

Cash Disbursement for purchases of materials:

Cash Payment: 1st 2nd 3rd 4th Total

60% quarter acquired 36,000 44,640 38,880 31,600

40% in ffg quarter 2,880 24,000 29,760 25,920

Total disbursement $38,880 $68,640 $68,640 $57,520 $233,680

Cost of direct labor:

Each unit requires 0.20 direct labor-hours at $11.50 per hour

Quarters 1st 2nd 3rd 4th Total

Units to be produced 5,000 8,000 7,000 6,000 26,000

Total direct labor-hours 1,000 1,600 1,400 1,200 5,200

Direct labor costs $11,500 $18,400 $16,100 $13,800 $59,800

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