Answer: please refer to the explanation section for journals and notes
Explanation:
1 April
DR Inventory 23000
CR Trade Payable 23000
inventory is purchased on Free on Board Shipping terms, risks and Ownership of inventory transfers to Kerber Co the moment Wilkes company ships the inventory. inventory must be recognised
6 April
DR Freight costs 900
CR Bank 900
DR Inventory 900
CR Freight costs 900
Kerber Co Paid Freight costs of $900. There are two events happening in this transaction being the payment of freight costs and the capitalisation of freight costs. Freight costs are capitalised (included in the value of inventory) as they are costs necessary to get the inventory in to the premises of the customer (Kerber Co).
7 April
DR Equipment 26000
CR Creditor/Liability 26000
Kerber Co purchase inventory on credit. equipment is debited because Equipment is an asset and liability is credited.
8 April
DR Trade Payable 3000
CR inventory 3000
Damaged inventory returned will decrease inventory balance and also decrease the amount owed to the creditor (Wilkes Company)
. Trade Payable account is Debited and inventory account is credited to record the decrease in inventory and amount payable
15 April
DR Trade Payable 20000
CR Bank 20000
23000 - 3000 = 20 000
recording payment made to the Creditor for inventory purchased or settlement of the trade payable account
The primary objective of Jason when he opened up a steak and seafood restaurant was to change the cattle and seafood industry.
<h3>What is a business?</h3>
Business involves the process of buying as well as the selling of different goods as well as products, which can also been seen in the food industry.
It should be noted that ,in the case of jason, The primary objective of Jason when he opened up a steak and seafood restaurant was to change the cattle and seafood industry.
Learn more about business at:
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school or expirence and the knowledge to do it and th ejob right
Answer:
a = Total Fixed Cost
Explanation:
Total Cost is the total expenditure incurred on production of goods & services.
Total Cost can be segmented into : Fixed Cost - on fixed factors (eg plant), not varying with level of output and Variable Cost - on variable factors (eg raw materials), directly varying with level of output.
In Total Cost Function : Y = a + bX ; a = Constant Fixed Cost , bX = Variable cost varying with level of output X.
Answer:
c. I am extremely satisfied with my cable provider. Strongly disagree 1 2 3 4 5 Strongly agree
Explanation:
A Likert scale is a psychometric response rating scale usually included in survey questionnaires or forms to determine the degree of feelings of people feel something such a product or a service.
An effective Likert scale will have different questions for respondents to answer and it types are usually 5-7 points balanced answers scale, with a neutral midpoint, from which people can select just only one from.
For example, a 5 point Likert scale requires respondents to choose deom the scale the degree to which they agree to a statement usually in 5 points: (1) Strongly disagree; (2) Disagree; (3) Neither agree nor disagree; (4) Agree; (5) Strongly agree.
Therefore, the c. option is the best example of a Likert scale.
