1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
OLga [1]
3 years ago
5

On march 12, klein company sold merchandise in the amount of $7,800 to babson company, with credit terms of 2/10, n/30. the cost

of the items sold is $4,500. klein uses the perpetual inventory system and the gross method of accounting for sales. the journal entry or entries that klein will make on march 12 is:
Business
1 answer:
Ivenika [448]3 years ago
6 0

The gross method of recording the sale is recording an account at its original price no deductions of the cash discounts offered.

Perpetual Inventory system bring up-to-date the inventory accounts when there is an acquisition or sale.

The journal entry would be:

Debit:


Accounts receivable 7,800 
Cost of goods sold 4,500

 

Credit:

Sales 7,800
Merchandise inventory 4,500

You might be interested in
g The low cost of labor in other countries around the globe is a factor that business must consider because they are impacted by
postnew [5]

Answer:

The low cost of labor in other countries around the globe is a factor that business must consider because they are impacted by:

the high cost of domestic labor.

Explanation:

An entity's ability to be globally competitive in the face of foreign manufacturers with low cost of labor is not helped by the high cost of domestic labor.  The cost of direct labor forms part of the computations for the cost of a product and its pricing.  Cheaper imports are more affordable to consumers than local products, thus causing consumers to prefer imports to domestic products.

4 0
3 years ago
Suppose a stock had an initial price of $117 per share, paid a dividend of $3.10 per share during the year, and had an ending sh
bonufazy [111]

Answer:

The correct answer for option (a) is 28.29% and for option (B) is 2.65%.

Explanation:

According to the scenario, the given data are as follows:

Initial price = $117

Ending price = $147

Dividend = $3.10

(a) We can calculate the Total return percentage by using following formula:

Total return percentage = ( Ending Price - Initial Price + Dividend) ÷ Initial Price

By putting the value, we get

Total return percentage = ( $147 - $117 + $3.10) ÷ ( $117)

= 28.29% (approx).

(b). we can calculate the dividend yield by using following formula:

Dividend Yield = Dividend ÷ Initial Price

By putting the value, we get

Dividend Yield = $3.10 ÷ $117

= 2.65%

8 0
3 years ago
How do i give brainliest if you answer correctly will give u brainliest
cricket20 [7]

Answer:

life

Explanation:

6 0
3 years ago
Read 2 more answers
Catherine often switches from project to project because she thinks she gets more done that way. She also doesn't get bored as o
marta [7]
The answer is A. Multitasking. For three reasons: <span>You’re less productive. It is scientifically proven that there is no such thing as multitasking. You're simply switching from one task to another. When your brain tries to switch it needs to rethink about what its doing which wastes time. You sabotage your ability to do good work. Constantly switching from one thing to another means you can't focus on one specific thing. This often leads to mistakes which means you need to take extra time to fix it anyway. You squelch your creative juices. In other words when you go back and forth from one thing to another you're preventing your thoughts from developing into other thoughts. Which could potentially prevent a brilliant idea.Stay safe. Focus!
</span>
5 0
3 years ago
Read 2 more answers
George is looking at the colors on a paint swatch card to select the right shade of red for his wall. he is able to differentiat
bulgar [2K]

Based on his perception of the differences in the shades, this can be attributed to the wavelengths of light reflecting from the shades. Wavelength in physics is being defined as measuring the direction in regards of the propagation of a wave in which are in between a two successive points in the wave that are being characterized by its same phase.

4 0
3 years ago
Other questions:
  • The university system of georgia's cio believes the best way to collaborate with 31 independent-minded university cio's is to lo
    7·1 answer
  • Timber Mills Corporation and Ur-Choice Lumberyards enter into a contract for a sale of plywood. Under a destination contract, th
    13·1 answer
  • When does perfect competition achieve​ efficiency? Perfect competition achieves efficiency if​ _______.
    8·1 answer
  • What is the maker movement? (A) Systems used to create the digital designs and then manufacture the products.(B) Serialization o
    5·1 answer
  • what will happen if a shoe firm sells its shoes at a price lower than the opportunity cost of the input used in the production p
    13·1 answer
  • What is one consequence of stagflation?
    8·1 answer
  • Headland Company loans Sarasota Company $2,190,000 at 6% for 3 years on January 1, 2020. Headland intends to hold this loan to m
    15·1 answer
  • Suppose you started a new job recently. While you were completing your employee information forms online, you noticed that you m
    14·1 answer
  • Does a competitive firm’s price equal its marginal cost in the short run, in the long run, or both? explain.
    7·1 answer
  • which stakeholder group includes a network of relationships that supply a company with the inputs it needs to operate?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!