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kifflom [539]
2 years ago
14

The following selected transactions were completed by Capers Company during October of the current year:

Business
1 answer:
pychu [463]2 years ago
8 0

Answer:

Oct. 1 Purchased merchandise from UK Imports Co., $13,377, terms FOB destination, n/30.

Dr Merchandise inventory 13,377

   Cr Accounts payable 13,377

Oct. 3 Purchased merchandise from Hoagie Co., $10,650, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $230 was added to the invoice.

Dr Merchandise inventory 10,880

    Cr Accounts payable 10,880

Oct. 4 Purchased merchandise from Taco Co., $14,350, terms FOB destination, 2/10, n/30.

Dr Merchandise inventory 14,350

    Cr Accounts payable 14,350

Oct. 6 Issued debit memo to Taco Co. for $5,000 of merchandise returned from purchase on October 4.

Dr Accounts payable 5,000

    Cr Merchandise inventory 5,000

Oct. 13 Paid Hoagie Co. for invoice of October 3.

Dr Accounts payable 10,880

    Cr Cash 10,667

    Cr Purchase discounts 213

Oct. 14 Paid Taco Co. for invoice of October 4, less debit memo of October 6.

Dr Accounts payable 9,350

    Cr Cash 9,163

    Cr Purchase discounts 187

Oct. 19 Purchased merchandise from Veggie Co., $25,850, terms FOB shipping point, n/eom.

Dr Merchandise inventory 25,850

   Cr Accounts payable 25,850

Oct. 19 Paid freight of $430 on October 19 purchase from Veggie Co.

Dr Merchandise inventory 430

    Cr Cash 430

Oct. 20 Purchased merchandise from Caesar Salad Co., $23,000, terms FOB destination, 1/10, n/30.

Dr Merchandise inventory 23,000

    Cr Accounts payable 23,000

Oct. 30 Paid Caesar Salad Co. for invoice of October 20.

Dr Accounts payable 23,000

    Cr Cash 22,770

    Cr Purchase discounts 230

Oct. 31 Paid UK Imports Co. for invoice of October 1.

Dr Accounts payable 13,377

   Cr Cash 13,377

Oct. 31 Paid Veggie Co. for invoice of October 19.

Dr Accounts payable 25,850

    Cr Cash 25,850

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An individual is planning to set-up an education fund for her daughter. She plans to invest $7,700 annually at the end of each y
daser333 [38]

Answer:

$96,154.20

Explanation:

We are to find the future value of the annuity

The formula for calculating future value = A (B / r)

B = [(1 + r)^n] - 1  

A = Amount

R = interest rate  

N = number of years

[(1.08)^9 - 1 ] / 0.08 = 12.487558

12.487558 x $7,700 = $96,154.20

4 0
3 years ago
Rudolf, a Polish manager in a company based in China, is admired by his colleagues for the way he interacts with people, his con
zimovet [89]

Answer: Respect

Explanation:

Respect is something that human beings are taught from birth. It is an attitude and way of being that someone has where they show appreciation for others. A person who has respect treats everyone equally, does not seek humiliation but good treatment.

Respect leads to good integration, where regardless of the differences that a person may have, they can live harmoniously since there is a good deal above all else. Respect allows people to live quietly, where good treatment is one of its main characteristics.

In Rudolf's case, he is a person who maintains respect. He is someone who respects the culture of others and treats everyone equally. He does not seek conflict but a healthy environment where everyone can work harmoniously and this type of behavior lead others to have a good concept and admiration for it.

3 0
2 years ago
Mauro Products distributes a single product, a woven basket whose selling price is $21 per unit and whose variable expense is $1
Grace [21]

Answer:

1. Break even points in units will be =  2,700 units

2. Break-even point in dollar sales = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales = 2,900 units

Explanation:

Break even point = \frac{Fixed Cost}{Contribution per unit}

Fixed Cost = $8,100

Contribution per unit = Sale Price - Variable Cost = $21 - $18 = $3

1. Break even points in units will be

= \frac{8,100}{3} = 2,700 units.

2. Break-even point in dollar sales

= Break even point in units X Sale price per unit

= 2,700 units X $21 = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales

= \frac{8,100 + 600}{3} = 2,900 units

Final Answer

1. Break even points in units will be =  2,700 units

2. Break-even point in dollar sales = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales = 2,900 units

3 0
3 years ago
Craft, Inc. normally produces between 120,000 and 150,000 units each year. Producing more than 150,000 units alters the company'
SVETLANKA909090 [29]

Answer:

The production range between 1120,000 and 150,000 is called Relevant range

correct option is c) relevant range

Explanation:

given data

normally produces = 120,000 to 150,000 units

to find out

The production range between 1120,000 and 150,000 is called

solution

The production range between 1120,000 and 150,000 is called Relevant range because there are 2 point

  • if Craft, Inc. need to reduce fixed expenses then production volume is reduce less than 120000 unit
  • if Craft, Inc. need to increase fixed expenses than production volume is increases more than 150000 unit

and if expected fixed expenses will not change than the production volume is 120000 units to 150000 units

so that production range between 1120,000 and 150,000 is called Relevant range

correct option is c) relevant range

7 0
3 years ago
Jason, your client, is developing a subdivision of 140 houses. He may place deed restrictions on as many as ______ properties.
kolbaska11 [484]

Jason, your client, is developing a subdivision of 140 houses. He may place deed restrictions on as many as 140 (100%) properties.

<h3>What is a deed restriction?</h3>

This is the term that is used to refer to the written agreements that are done in order to restrict and limit activities that may go on in a property.

These are private agreements that are made. It has to be 100 percent on the properties.

Read more on deed restrictions here:

brainly.com/question/4510408

#SPJ1

4 0
2 years ago
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