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3 years ago

You notice that juice is now selling for much higher prices than in the past, which two things would you expect to happen next

Business

1 answer:

Ratling [72]3 years ago

7 0

Answer:

demand will go down

Explanation:

The higher the price, the lower the quantity demanded. Then, the lower the price, the higher the quantity demanded

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During the month of March, Munster Company's employees earned wages of $64,000. Withholdings related to these wages were $4,896

STALIN [3.7K]

Answer:

A) March 31 journal entries for wages expense and wages payable

Dr Salaries and Wages Expense account 64,000
Cr FICA Taxes Payable account 4,896
Cr Federal Income Tax Payable account 7,500
Cr State Income Tax Payable account 3,100
Cr Union Dues Payable account 400
Cr Salaries and Wages Payable account 48,104

B) March 31 journal entries for company's payroll tax expenses

Dr Payroll Tax Expense account 5,596
Cr FICA Taxes Payable account 4,896
Cr State Unemployment account 700

8 0

3 years ago

On October 14, the Patrick Company sold merchandise with an invoice price of $1,200 ($770 cost), with terms of 2/10, n/30, to th

Anna11 [10]

Answer:

Patrick Company

Journal Entries:

Oct. 14: Debit Accounts receivable (Baxter Company) $1,200

Credit Sales revenue $1,200

To record the sale of goods on account, terms of 2/10, n/30.

Oct. 14: Debit Cost of goods sold $770

Credit Inventory $770

To record the cost of goods sold.

Oct. 18: Debit Sales returns $220

Credit Accounts receivable (Baxter Company) $220

To record the return of goods (wrong size) by Baxter.

Oct. 18: Debit Inventory $170

Credit Cost of goods sold $170

To record the cost of goods returned.

Oct. 24: Debit Cash $960

Debit Cash discounts $20

Credit Accounts receivable (Baxter Company) $980

To record the receipt of check on full settlement, including discounts.

Explanation:

a) Data and Calculations:

Oct. 14: Accounts receivable (Baxter Company) $1,200 Sales revenue $1,200, terms of 2/10, n/30.

Oct. 14: Cost of goods sold $770 Inventory $770

Oct. 18: Sales returns $220 Accounts receivable (Baxter Company) $220

Oct. 18: Inventory $170 Cost of goods sold $170

Oct. 24: Cash $960 Cash discounts $20 Accounts receivable (Baxter Company) $980

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2 years ago

You want to estimate the proportion of adults who make over $50,000 a year in your county. According to a study done two years a

gtnhenbr [62]

Answer and Explanation:

D. n = AP Statistics Semester 2

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3 years ago

Black Corporation declared $50,000 cash dividends to shareholders. The coporation has 4,000 shares of $25-par, 5% preferred stoc

Liono4ka [1.6K]

Answer:

$5,000 will be distributed to preferred stockholders and $45,000 will be distributed among common stockholders.

Explanation:

The accrued dividend on preferred stock based on predetermined rate or amount is known as preferred stock dividend. Preferred stock has priority over common stockholders, It means that dividend will be given to preferred stockholder first.

Preferred stock dividend = 4,000 shares x $25 x 5% = $5,000

Common stock dividend = $50,000 - $5,000 = $45,000

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3 years ago

The ________ is the range of frequencies that a transmission medium (channel) can carry in a particular period of time.

polet [3.4K]

The answer is bandwidth

5 0

2 years ago