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
The Southern Bell Company manufactures 2,000 telephones per year. The full manufacturing costs per telephone are as follows:
Degger [83]

Answer:

The company should buy the units because it will save $10,000.-

Explanation:

Giving the following information:

Make in-house:

Unitary variable cost= 2 + 8 + 6= $16

Avoidable fixed cost= $8,000

Buy:

Unitary cost= $15

<u>First, we will determine the total cost of each option:</u>

Make in house= 2,000*16 + 8,000= $40,000

Buy= 15*2,000= $30,000

The company should buy the units because it will save $10,000.-

5 0
2 years ago
Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the bo
grigory [225]

Answer:

The correct options are as follows

Buyers will pay all of the tax.

The price of Humbugs will rise to $60.

The quantity of Humbugs demanded will not change.

Explanation:

As the question is not complete, the complete question is found online and is attached herewith.

The options given are as follows

Sellers will pay all of the tax.

Buyers will pay all of the tax.

The price of Humbugs will rise to $60.

The price of Humbugs will rise by less than $10.

The quantity of Humbugs demanded will not change.

Now option 1 is not correct as the buyer has to pay the tax not the seller.

option 2 is correct

option 3 is correct

option 4 is not correct as the initial price is $50 and the new price is to be more than $60 thus the rise is more than $10.

option 5 is correct as the demand of the hamburger will remain the same.

5 0
3 years ago
Melissa is about to get a $200 per month raise. she wants a new television and some furniture. she has $500 in her savings accou
yKpoI14uk [10]
There are two different options I would give her:

1) You can use your credit card now if you know that within the 30 days of purchasing the T.V. (or how ever many days until interest accrues if sooner) you will have enough money to properly pay your card off so that you aren't charged interest. Once you add interest, the T.V. becomes a much larger expense overtime due to paying the interest. Also, if it's a card that you get cash back for, you can 'make money' essential on your purchase because you'll get cash back.

2) Wait for the raise, what if the raise doesn't happen? What if something unexpected happens and you've used all your funds for a T.V. that isn't a necessity. There are so many reason to wait and pay cash for something. In this situation I probably wouldn't use all of my appropriated emergency funds for a T.V. and save the extra money from the raise. 
7 0
3 years ago
____________ is the ability of a company to pay its debts as they mature. Liquidity Solvency Financial flexibility Insolvency
pshichka [43]

Answer:

Solvency

Explanation:

Solvency is defined as the ability of a company to meet it's long term financial obligations like having the ability to pay off debts as they mature. Solvency measures if a company is able to pay off it's debt in long term.

Although solvency and liquidity are similar, difference is liquidity is more concerned with paying off short term debts.

A company or firm is said to be solvent when the current assets exceeds current liabilities.

4 0
3 years ago
Read 2 more answers
For each of the following scenarios, determine the effect on aggregate supply.
anastassius [24]

Answer:

(a) Option (c) is correct.

(b) Option (b) is correct.

Explanation:

(a) If there is an unexpected decrease in the oil prices (Positive supply shock) then as a result this will reduce the cost of production of the firms and hence, there is an increase in the supply of the goods. This will shift the aggregate supply curve rightwards.

(b) If all the producers are required to contribute more towards the heath insurance coverage (negative supply shock) then as a result this will increase the cost of production of the producers. So, this will lead to decrease the supply of the goods and also, shift the supply curve leftwards.

4 0
3 years ago
Other questions:
  • Which of the following is not true concerning the usage of public land. a. Public land is managed by federal and state agencies.
    14·2 answers
  • What is the National Labor Relations Board responsible for?
    9·1 answer
  • !!!!
    9·1 answer
  • Two firms compete in a market to sell a homogeneous product with inverse demand function P = 600 – 3Q. Each firm produces at a c
    6·1 answer
  • Verizon's implementation of a web-based digital dashboard to provide managers with real-time information, such as customer compl
    14·1 answer
  • Dextra Computing sells merchandise for $17,000 cash on September 30 (cost of merchandise is $11,900). The sales tax law requires
    7·1 answer
  • How are fixed costs different from variable costs?
    11·2 answers
  • Question A landowner and her neighbor owned adjacent parcels of land. The landowner hired a contractor to install an in-ground s
    11·1 answer
  • What are hollow corporations? A. companies that market their products through franchisees B. companies that outsource all produc
    9·1 answer
  • a country that has a lower opportunity cost associated with producing a given product compared to another country would have a(n
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!