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
suter [353]
3 years ago
13

Issuance of Materials On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per unit. During May, ra

w materials were requisitioned for production as follows: 7,500 units for Job 200 at $8 per unit and 1,480 units for Job 305 at $5 per unit. Journalize the entry on May 7 to record the purchase.
Business
1 answer:
Mashcka [7]3 years ago
3 0

Answer:

Given that,

Units purchased = 10,000

Per unit price = $8

The journal entry is as follows:

On May 7,

Materials A/c             Dr.  $80,000    

To Accounts payable                      $80,000

(To record the purchase)

Workings:

Materials = Units purchased by company × Raw material per unit price

= 10,000 × $8

= $80,000

You might be interested in
When you purchase an turn in a store, you may be charged with
bearhunter [10]
Don't know what you're trying to say but all that popped in my head was tax
4 0
3 years ago
Read 2 more answers
All of the following are ways listed in your text that customers engage with brands via social media except consumers acting as
lys-0071 [83]

Answer: consumers acting as brand advocates

Explanation:

A consumer is less likely to act as a brand advocate. An advocate to someone is a person that speaks on behalf of someone or acts as an intermediate between a person he is representing and another. An advocate role is not the job of a consumer.

5 0
3 years ago
The marginal utility curve is: A) upsloping because of increasing marginal opportunity costs. B) upsloping because successive un
kotykmax [81]

Answer:

D) downsloping because successive units of a specific product yield less and less extra utility.

Explanation:

The marginal utility curve is downsloping because successive units of a specific product yield less and less extra utility or benefits.

It gives the relationship between the utility derived from the consumption of an additional unit of a good and the quantity of the good consumed.

8 0
3 years ago
27. Average cost curves (except for average fixed cost) tend to be U-shaped, decreasing and then increasing. Marginal cost curve
jasenka [17]

Answer:

Explanation: Both the marginal cost curve and the average variable cost curve are U-shaped. For many firms, this is true because their production exhibits increasing returns at low levels of output and decreasing returns at high levels of output. At the minimum of average cost, the marginal cost curve intersects the average cost curve. This is because when marginal cost is above average cost, average cost is decreasing and when marginal cost is below average cost, average cost is decreasing.

6 0
3 years ago
Read 2 more answers
The Inferior Goods Co. stock is expected to earn 13% in a recession, 7% in a normal economy, and lose 6% in a booming economy. T
Natalka [10]

Answer:

Ans. The expected rate of return on the Inferior Goods Co. stock is 5.90%

Explanation:

Hi, you just have to multiply the expected earnings by the probability of occurance of a certain event and then add up all the products. Here is the information all organized to be processed.

Item                  Prob Earn

Booming           20% -6%

Normal           55% 7%

Recession   25% 13%

Ok, now let´s calculate the expected rate of return.

ExpectedReturn=(0.2*(-0.06))+(0.55*0.07)+(0.25*0.13)

ExpectedReturn=-0.012+0.039+0.033=0.059

So the expected rate of return of the stock is 5.90%

Best of luck.

8 0
3 years ago
Other questions:
  • A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if inves
    10·1 answer
  • Elise, an emergency medical technician renders aid to a participant in Forest Trail Marathon, an athletic event. Regarding a sui
    6·1 answer
  • Amazon.com and barnes and noble are in the same industry, but their primary difference can be defined as two companies that have
    13·1 answer
  • The division of labor means that:_______.a) labor markets are geographically segmented. b) unskilled workers outnumber skilled w
    13·1 answer
  • .Suppose a monopoly firm produces bicycles and can sell 10 bicycles per month at a price of $700 per bicycle. In order to increa
    13·1 answer
  • Which legislation gave the government the authority to set and limit shipping costs?
    13·2 answers
  • 1. For financial accounting purposes, what is the total amount of product costs incurred to make 21,750 units
    5·1 answer
  • People are living paycheck to paycheck why is that a problem
    12·1 answer
  • A policy is a specific action to be taken or not to be taken with respect to situation.
    7·2 answers
  • Help asap plzzzzzzzzzzzzzzzzzzzzzzzzzzz
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!