Answer:
Debit Accounts Payable 600, Credit Cash 600
Explanation:
as goods are purchased on credit initially it will be recorded on parable.
And when it will be paid the general entry will be:-
Account payable debit =600
cash credit = 600
Harris record the transaction on July 17
Debit Accounts Payable 600,
Credit Cash 600
Answer:
PAIRS OF SUBSTITUTES
tea - coffee
butter - margarine
petroleum - natural gas
PAIRS OF COMPLEMENTARY GOODS
printer - ink cartridge
pen-refill
Explanation:
Substitutes are goods that can replace other goods. On the other hand, complementary goods go hand in hand with one another. This implies that while substitutes can be used in isolation, complementary goods cannot be used in isolation of each other. For example, if one needs a pen, they also require a refill.
Answer: E. industrial products salesperson.
Explanation:
Blank aluminium is used in the production of many goods such as cars and planes and as such is yet to be converted for final use for the consumer which makes it an industrial good to be sold to industries.
James as a sales person for blank aluminium will therefore qualify as an industrial products salesperson.
Answer:
$10,241.53
Explanation:
Using the activity-based costing system, Overhead cost for Product K91B would be?
Setting up batches 89 batches x $59.56= $5300.84
Processing customer orders 39 orders x $72.96= $2,845.44
Assembling products 493 hours x $4.25= $2,095.25
Total Overhead cost $10,241.53