Answer:
14-Jan
Dr Trade Receivable $1,125
Cr Sales
14-jan
Dr Cost of sales 625
Cr Inventory 625
9-Apr
Dr Inventory 375
Cr Trade Payable 375
2-Sep
Dr Trade Receivable $2,500
Cr Sales $2,500
2 sep
Dr Cost of sales $1,375
Cr Inventory $1,375
Dec 31 No journal entry
Explanation:
Preparation to Records the month-end journal entries noted below, assuming the company uses a periodic inventory system
14-Jan
Dr Trade Receivable $1,125
Cr Sales (45*25)
14-jan
Dr Cost of sales[25*25] 625
Cr Inventory 625
9-Apr
Dr Inventory (25*$15) 375
Cr Trade Payable 375
2-Sep
Dr Trade Receivable $2,500
Cr Sales (50*50) $2,500
2 Sep
Dr Cost of sales $1,375
Cr Inventory $1,375
($2,500-$1,125)
Dec 31 No journal entry
In order to ship 107520 units, 107520 units need to be picked as well
In the Picking team, 1 worker picks 210 units in 1 hour
So, the number of units picked by 1 worker in a shift of 8 hours = 210 * 8 = 1680 units
So, the number of employees required to be assigned to the Picking team = Quantity to be picked / Number of units picked by 1 worker in a shift of 8 hours = 107520 / 1680 = 64.03571 = 64
The number of employees to be assigned to picking in order to ship a total of 107,520 units for the shift is 64.
The gadgets for measuring periods are millimeter (mm), centimeter (cm), meter (m), and kilometer (km). The devices for measuring weight are kilogram (kg) and gram (g). The gadgets for measuring extent are milliliter (ml) and liter (L).
While the costs or value of manufacturing of an item is divided by means of the quantity, the end result is called a unit fee. Context: The unit price of a set of homogeneous products is the entire fee of the purchases/sales divided with aid of the sum of the quantities.
Learn more about the unit here:
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To find 20% of the value of the goods,
1,123 x 20% (this is the same as 1,123 x 0.2)
= 224.6
Add the salary and the commission,
425.00 + 224.6
= 649.60
Therefore Jill was paid $649.60 last week
Answer:
The The number of sweatshirts the company would need to sell to earn a target profit of $1,710 is closest to <u>570</u> sweatshirts.
Explanation:
This can be calculated as follows:
Selling price per unit = $15
Total cost price per unit = Average unit cost + Sales commission per unit = $7 + $5 = $12
Profit per unit = Selling price per unit - Total cost price per unit = $15 - $12 = $3
Target profit = $1,710
Number of sweatshirts to sell to earn a target profit = Target profit / Profit per unit = $1,710 / 3 = 570
Answer:
The solution to the following problem is done below.
Explanation:
a) Journalize the entries to record the admission of adam to the partnership.
Account Title Dr Cr
Kala, Capital 20,000
Adam, Capital 20,000
Cash 10,000
Kala, Capital 8,000
Leah, Capital 6,000
Adam, Capital 24,000
b) Immediately after adam's admission to the partnership, leah sells one-fourth of her interest to denton for $35,000. journalize the entry to record the transaction.
Account Title Dr Cr
Leah, Capital 13,500
Denton, Capital 13,500
