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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>
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Wood Co. owns 2,000 shares of Arlo, Inc.’s 20,000 shares of $100 par, 6% cumulative, nonparticipating preferred stock and 1,000
prohojiy [21]

Answer:

Dividend income of $24,000

Explanation:

Wood Co. owns 2000 out of the 20000 cumulative,non-participating preferred shares,which implies that out of all preferred dividends declared and paid by Arlo inc, Wood Co, get 2000/20000 of the dividends

Wood Co's dividends =2,000/20,000*$240,000

                                    =$24,000

The stock dividend of 5% of common stock is not to be recognized as dividend income but an increase in investment in Arlo Inc,a capital gains yield not dividend yield

Capital gains yield is the return from investment in form capital appreciation while dividend is a revenue return from investment

6 0
3 years ago
An is manager has identified several of what the diffusion of innovation theory would term laggards in his department. It is lik
Kitty [74]

An IS manager has identified several of what the diffusion of innovation theory would term "laggards" in his department. It is likely that the most successful approach to persuading them to adopt a new information system would be to <u>have their peers </u><u>demonstrate</u><u> how this change has helped them and bring pressure to bear from other adopters.</u>

While working as the manager of any firm it is the job and responsibility of the manager to look at all the managing aspects within the firm. A manager has to manage all the meetings of the firm, he has to look after the functioning of the firm whether the employees are working properly or not. Also there is a need to have a look on the fact that if any new change is made in the working technique, then all the employees are comfortable with it and adopt it. So when a new information system is adopted he can take help of the other employees who have adopted the system to form peer pressure on those who have not and demonstrate the use of new system.

Learn more about Manager at:

brainly.com/question/24553900

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Complete Question:

An IS manager has identified several of what the diffusion of innovation theory would term "laggards" in his department. It is likely that the most successful approach to persuading them to adopt a new information system would be to _____.

a. provide them with data on how many others have tried this and have used it successfully

b. have their peers demonstrate how this change has helped them and bring pressure to bear from other adopters

c. provide them with evidence of the system's effectiveness and success stories

d. provide them assistance getting started

5 0
1 year ago
The five main phases of a project include pre-planning, planning,__________,__________, and closing.
luda_lava [24]
I would say A since you are putting a plan into effect then monitoring what happens
5 0
3 years ago
Read 2 more answers
What is the American opportunity credit for 2018
DaniilM [7]
<span>The American Opportunity Credit is a tax credit that is offered on education expenses for eligible students that qualify. It is only applicable in the first four years that a student is attending a type of higher education and the maximum yearly credit caps out at $2500 per student who is eligible.</span>
3 0
3 years ago
The operations of Smits Corporation are divided into the Child Division and the Jackson Division. Projections for the next year
dybincka [34]

Answer:

Operating income for the Smith's corporation as a whole if the Jackson's division were dropped is $22,500

Explanation:

The operations of Smith's Corporation are divided into the Child Division and the Jackson Division. Projections for the next year are as follows:

                                     Child  Division   Jackson  Division     Total

Sales revenue                 $250,000           $180,000      $430,000

Variable expenses              90,000              100,000         190,000

Contribution margin         $160,000             $80,000      $240,000

Direct fixed expenses          75,000               62,500          137,500

Segment margin                 $85,000             $17,500        $102,500

Allocated common costs      35,000               27,500           62,500

Total relevant benefit         $50,000            $(10,000)         $40,000

Operating income for the Smith's corporation as a whole if the Jackson's division were dropped

                                     Child  Division    

Sales revenue                 $250,000        

Variable expenses              90,000              

Contribution margin         $160,000            

Direct fixed expenses          75,000              

Segment margin                 $85,000              

Allocated common costs      62,500                

Total relevant benefit         $22,500            

Note that common fixed costs will be borne by the child division alone when the Jackson division is closed which is the entire 62,500 is deducted from the sales margin of child division before arriving at profit

3 0
3 years ago
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