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
Reika [66]
3 years ago
5

Marsh, inc. paid for freight costs on merchandise it shipped to a customer. in what account will marsh record this cost in a per

petual inventory system?
Business
1 answer:
Alexxandr [17]3 years ago
3 0
The answer for this is <span>freight-out
</span>The entry to record the payment of freight costs for goods shipped to a customer requires a debit to Freight-out and a credit to cash. Freight-out is not part of the cost of inventory; it is a delivery expense and appears among the operating expenses on the income statement.
<span>In contrast, freight-in is used to record the shipping costs associated with acquiring inventory (note: when using a perpetual inventory system, the shipping cost associated with acquiring inventory is debited to Inventory).</span>
You might be interested in
Which of the law ideas might be created under the Elastic Clause?
lara31 [8.8K]
<span>#1) Which of the law ideas might be created under the Elastic Clause?

Answer:
First we have to understand that the Elastic Clause is a statement in the constitution, Clause in Article I, Section 8 of the Constitution that gives Congress the right to make all laws “Necessary and Proper”. Its interpretation has caused many debates regarding the bounds of Congress in passing laws that are not expressly covered in the Constitution. Out of all the options that are available the most likely to be created under the elastic clause is A) rules for approving foreign treaties.

<span>I hope it helps, Regards. </span></span>
6 0
3 years ago
Read 2 more answers
Machinery purchased for $69,000 by Vaughn Co. in 2016 was originally estimated to have a life of 8 years with a salvage value of
Sliva [168]

Answer:

Prepare the entry to correct the prior years' depreciation, if necessary.

any change in depreciation expense must be done for future events, past events cannot be adjusted

Depreciation expense 2021:

carrying value December 2020 = $69,000 - {[($69,000 - $4,600) / 8] x 5} = $69,000 - $40,250 = $28,750

depreciation expense per year (including 2021) = ($28,750 - $5,175) / 5 = $4,715

3 0
3 years ago
Nick is a recent finance graduate who has two passions: music and finance. Upon graduation, he was offered an opportunity to joi
snow_tiger [21]

Answer:

A) Added benefits such as health insurance provided to employees of large corporations.

Explanation:

A struggling rock band can be considered an entrepreneurial venture, depending on how much Nick loves music. But struggling ventures cannot offer employees or coworkers the same benefits or perks that large and established companies can offer. The example used here was health insurance but other perks may include paid vacation, paid sick days, retirement plans, etc.

6 0
3 years ago
Category specialists are also called category ______ because of their ability to offer a complete assortment in a category at so
Mademuasel [1]

Answer:

are also called Category Killers

Explanation:

Category killers are retailers that diligently executes deep product assessment within a given category through selection, pricing, and market penetration.

8 0
3 years ago
Last year, Capriana Corporation (CC) had sales of $200 million, and its inventory turnover ratio was 5.0. The CC’s current asset
Brilliant_brown [7]

Answer:

quick ratio  = 0.72

Explanation:

given data

sales = $200 million

inventory turnover ratio = 5.0

current assets totaled = $100 million

current ratio = 1.2

solution

we get here quick ratio so here

inventory turnover ratio = \frac{sales}{inventory}   ...............1

put here value

inventory = \frac{200}{5}

inventory = 40

and

now we get current liability

current ratio = \frac{current\ assets}{current\ liability}   ...............2

put here value

current liability = \frac{100}{1.20}

current liability = 83.33

and here quick ratio

quick ratio = \frac{current\ assets - inventory}{current\ liability}   .............3

quick ratio  = \frac{100-40}{83.33}  

quick ratio  = 0.72

7 0
4 years ago
Other questions:
  • This year andrews achieved an roe of 13.9%. suppose management takes measures that increase asset turnover (sales/total assets)
    14·1 answer
  • Minimum-wage laws and unions are similar to each other but different from efficiency wages in that minimum-wage law and unions
    13·1 answer
  • COO, Scott Lawton, discusses Barcelona’s philosophy on allowing restaurant managers to make their own decisions. They hire and t
    7·1 answer
  • Keesha Co. borrows $200,000 cash on November 1, 2018, by signing a 90-day, 9% note with a face value of $200,000. 1. On what dat
    5·1 answer
  • How has technology changed communication over the past decade?​
    5·1 answer
  • Jason purchased ABC stock at $40 per share and DEF stock at $35 per share on the same day in 2015. Exactly 6 months later, the A
    13·1 answer
  • What is the full form of the acronym WWW
    6·1 answer
  • On feb. 2, 20-0, bought goods for cash N10,000.00 ​
    12·1 answer
  • Which of the following question types of specific values to determine the importance of a particular item?
    11·1 answer
  • On December 31, 2020, Clarkson Company had 100,000 shares of common stock outstanding and 30,000 shares of 7%, $50 par, cumulati
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!