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Otrada [13]
3 years ago
8

Bridgeport Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the busin

ess, these events and transactions occurred:
Apr. 1 Stockholders invested $19,980 cash in exchange for common stock of the corporation.
1 Hired a secretary-receptionist at a salary of $416 per week, payable monthly.
2 Paid office rent for the month $999.
3 Purchased architectural supplies on account from Burmingham Company $1,443.
10 Completed blueprints on a carport and billed client $2,109 for services.
11 Received $777 cash advance from M. Jason to design a new home.
20 Received $3,108 cash for services completed and delivered to S. Melvin.
30 Paid secretary-receptionist for the month $1,664.
30 Paid $333 to Burmingham Company for accounts payable due.

Required:
Journalize the transactions.
Business
1 answer:
Goryan [66]3 years ago
5 0
Ok thanks so much for your i i for a while and i is going there for the rest of
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In a brainstorming session for a new drug to lower cholesterol, the members of the marketing department agreed the benefits of t
tiny-mole [99]

Answer: C- Encoding

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8 0
3 years ago
A TV manufacturing company uses speakers at the rate of 8000/mo. When it places an order for speakers it incurs a fixed cost of
sveticcg [70]

Solution :

1. Ordering quantity         500      1000      10000     30000        80000

2. No. of orders                 16          8             0.8         0.27            0.1

3. Average inventory        250      500       5000      15000        40000

4. Value of average         2750    5250      50000  142500      370000

   inventory

5. Monthly total cost

a). Cost of material        88000   84000    80000   760000     740000

b). Ordering cost           19200      9600       960          320           120

c). Carrying cost                27.5       52.5       500        1425         3700

Total monthly cost        107227.5 93652.5  81460   77745       77820

Among the total monthly cost, $ 77,745 is the least cost.

Therefore, the optimum order size of quantity = 30,000

The number of orders per month = 8000/30000 = 0.267

Time between two consecutive orders = 30000/8000 = 3.75 months

     

7 0
3 years ago
Highest and best use would best be defined as:
Sav [38]

Answer:

The reasonable, probable and legal use of vacant land or an improved property, which is physically possible, appropriately supported, financially feasible, and that results in the highest value.

Explanation:

5 0
2 years ago
Read 2 more answers
Budgeted sales in Acer Corporation over the next four months are given below: Budgeted sales September October November December
AlekseyPX

Answer:

$161,400

Explanation:

<u>Cash collection calculation</u>

December cash sales ($160,000*30%) = $48,000  

<u>Credit sales</u>

December: (160000*70%*50%) =              $56,000

November: (180000*70%*30%) =              $37,800

October: (140,000*70%*20%) =                 <u>$19,600</u>

Total cash collections                                <u>$161,400</u>

7 0
2 years ago
Daniel ordered 64 cases of oil for his store. Each case had 254 bottes of oil. Thirty-
AlekseyPX

Answer:

$ 5,625

Explanation:

Each case contained 254 bottles

Costs per case

High grade: @$225

Lower grade-grade: @ $150

Daniel is paying for what arrived only. He received

19 case of high grade

9 cases of lower-grade

The amount that Daniel paid:

For high grade: = 19 x $225 = $ 4,275

For lower-grade = 9 x $150 = $ 1, 350

Total amount = $ 5,625

8 0
3 years ago
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