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
Marta_Voda [28]
3 years ago
12

The journal entry to record the purchase of merchandise on account for $2,750 with freight of $125 prepaid and added to the invo

ice is:
Business
1 answer:
emmasim [6.3K]3 years ago
5 0
<span>The journal entry to record the purchase of merchandise on account for $2,750 with freight of $125 prepaid and added to the invoice is : </span>debit Purchases $2,750, debit Freight In $125; credit Accounts Payable $2,875

You might be interested in
Inventory depletion is a warning sign of: Impending inflation. A recessionary gap. Cyclical unemployment. Both a recessionary ga
vovangra [49]

Answer:

Both a recessionary gap and cyclical unemployment.

7 0
3 years ago
On April 1, Quality Corporation, a U.S. company, expects to sell merchandise to a French customer in three months, denominating
Inessa05 [86]

Answer:

D) $16,000 Discount Expense plus a $20,000 positive Adjustment to Net Income when the merchandise is delivered

Explanation:

Options include <em>"A) $20,000 Discount Expense plus a $12,000 positive Adjustment to Net Income when the merchandise is delivered. B) $20,000 Discount Expense plus a $12,000 negative Adjustment to Net Income when the merchandise is delivered. C) $20,000 Discount Expense plus a $20,000 negative Adjustment to Net Income when the merchandise is delivered. D) $16,000 Discount Expense plus a $20,000 positive Adjustment to Net Income when the merchandise is delivered E) $20,000 Discount Expense plus a $20,000 positive Adjustment to Net Income when the merchandise is delivered."</em>

<em />

Discount expense

= ($1.41 - $1.37) * 400,000 euro

= $0.04 * 400,000 euro

= $16,000

Adjustment at Delivery

= ($1.41 - $1.36) * 400,000 euro

= $0.05 * 400,000 euro

= $20,000 (positive)

6 0
3 years ago
What does the purchaser of a product obtain besides the good service or idea itself?
-BARSIC- [3]

A buyer of a manufactured good not only obtains the good itself, amenity, or awareness, but also receives good after-sales services that aid in handling and increasing products efficiently. Providing this kind of services are important to the capability of the business to uphold fruitful relations as well as marketing mixes by creating continuous growth in products and over market research. Providing excellence after-sale deal encourages the goodwill of the business. This competence lets customers not to use money for maintenances for 1 or 2 years of warranty period.

8 0
4 years ago
Read 2 more answers
An economy that is based on mining or producing raw materials to be used in foreign industries is called
pogonyaev

Answer:

An extractive economy

Explanation:

An Extractive economy can be defined as a resource based economy that is based on mining or producing raw materials to be used in foreign industries. This natural resources can be exported for sale in other foreign countries which help to boost economy, growth and development.

8 0
3 years ago
Read 2 more answers
Why does a small difference in economic growth result in a large difference in wealth over time?
larisa [96]

Answer:

The correct answer is the option C: Because the effect of compounding allows growth to build upon previous growth.

Explanation:

To begin with, the term of <em>"Compounding"</em> in economics refers to the situation in which an assets' earnings are reinvested to generate more additional earnings over the pass of time and therefore that in an economy when there is a small growth the investors take advantage of the effect that the compounding has over the situation and use it in order to generate more earning in the future and that is why that the the effect of compounding allows growth to build only upon previous growth.

7 0
3 years ago
Other questions:
  • _____ is high when customers have many choices and low when they have few choices.
    14·2 answers
  • Examine the supply and demand schedules for cell phones. How much would
    8·1 answer
  • Which one of the following statements is correct if a firm has a receivables turnover of 36.5? Group of answer choices It takes
    5·1 answer
  • How are the objectives of lean manufacturing achieved? a. Supplier partnering b. Employee involvement c. Product-oriented produc
    15·1 answer
  • You have been asked to analyze the Value Net of the craft brewing and distilling industries in your state, and you have observed
    13·1 answer
  • Use AD/AS model to explain how Canadian economy saw 4% Real GDP with very little inflation. Select one: a. Canada's Aggregate de
    10·1 answer
  • What does 3 dots inside a silver ring mean?
    8·1 answer
  • Three $1,000 face value, 10-year, noncallable, bonds have the same amount of risk, hence their YTMs are equal. Bond 8 has an 8%
    5·1 answer
  • a household consists of a married couple and their twin five year old daughters. The couple's children had no income and lived w
    12·1 answer
  • Discuss the implications of discarding the profit maximization assumption for the effectiveness and efficiency of the market sys
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!