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3 years ago

Raw Materials Inventory, beginning to balance $36,000

Business

1 answer:

lesya692 [45]3 years ago

3 0

Answer:

1. Journal Entry Debit Credit

Raw materials inventory $73,400

($72,000 + $1,400)

Accounts payable $73,400

(Being raw materials purchase on credit)

2. Journal Entry Debit Credit

Work in process $64,300

($64,000 + $300)

Raw materials inventory $64,300

Raw Material Inventory Account

Beginning balance $36,000 | Work in process $64,300

Purchase $73,400 |

| Ending balance $45,100

| ($36,000 + $73,400 - $64,300)

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Dextra Computing sells merchandise for $15,000 cash on September 30 (cost of merchandise is $12,000). The sales tax law requires

Nitella [24]

Answer and Explanation:

The journal entries are shown below:

1. On Sep 30

Cash $15750

To Sales $15,000

To Sales taxes payable ($15000 ×5%) $750

(Being the cash receipts is recorded)

For recording this we debited the cash as it increased the assets and credited the sales and sales tax payable as it increased the revenue and liabilities

2 On Sep 30

Cost of goods sold $12,000

To Merchandise inventory $12,000

(Being the cost of goods sold is recorded)

For recording this we debited the cost of goods sold as it increased the expenses and credited the merchandise inventory as it reduced the assets

3 On Oct 15

Sales taxes payable $750

To Cash $750

(Being cash paid is recorded)

For recording this we debited the sales tax payable as it reduced the liabilities and credited the cash as it decreased the assets

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3 years ago

The case study method is most effective in:A. Proving out theoryB. Narrowing the gap between theory and practiceC. Simulating re

tino4ka555 [31]

Answer:

Letter B is correct. Narrowing the gap between theory and practice.

Explanation:

Case study is an investigative methodological approach applied to simple or applied social sciences. It is carried out through the use of different qualitative methods for the collection of data and information relevant to the foundation of the research. The qualitative method is the most appropriate in a case study, as it occurs through subjective and not substantially statistical means of in-depth analysis of relevant factors in an event, an individual, an institution, a group and others.

Case studies can be classified as:

exploratory,
descriptive, or
explanatory.

So it is correct to state that the purpose of the case study is to reduce the difference between theory and practice. Because the analysis of the information collected and the variables and patterns found will provide subsidies for the discussion and better understanding and reasoning between what happens between the theory and the practice analyzed in the case study.

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3 years ago

Fuzzy logic, expert systems, and case-based reasoning are all _______ used with decision making.

Maslowich

The things that describes above is that they are all intelligent techniques. These are used in dealing with decision making. In order for the person to know how to deal with the situations and how to cope up by applying the following characteristics in situations.

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3 years ago

A 10-year, 9.00%, $3,000 bond that pays dividends quarterly can be purchased for $2,775. This means that $2,775 is spent on the

Rainbow [258]

Answer:

The range of effective rate of return that the purchaser will receive would be between 10.2% - 11.2%. The right answer is a

Explanation:

According to the given data we have the following:

Quarterly dividend = $67.50

Buy price = $2,775

Maturity = 10 yrs = 10*4 = 40 quarters

Face value = $3000

Hence, PW = -2775 + 67.50 * (P/A,i%,40) + 3000*(P/F,i%,40) = 0

67.50 * (P/A,i%,40) + 3000*(P/F,i%,40) = 2775

Therefore, using trail and error method

When i = 2.5%, value of 67.50 * (P/A,i%,40) + 3000*(P/F,i%,40) = 2811.729

When i = 3%, value of 67.50 * (P/A,i%,40) + 3000*(P/F,i%,40) = 2479.917

And by using interpolation

i = 2.5% + (2811.729-2775) / (2811.729-2479.917) *(3-2.5)

i = 2.5% + 0.05534%

i = 2.555%

Nominal yeild = 2.555% * 4 = 10.22%

Effective yeild = (1+0.02555)^4 - 1 = 0.10618 = 10.62%

The range of effective rate of return that the purchaser will receive would be between 10.2% - 11.2%

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3 years ago

In what time period did hydroelectric power usage reach its peak? 1970–1980 1980–1990 1990–2000 2000–2010

liberstina [14]

The answer is: 1990 - 2000

By this time period, more people realize that energy generated from hydroelectric power is much more sustainable compared to other alternatives since it mostly relied on renewable resources. Between this period of time, nations on average use 2000 - 2500 billion kwh from hydroelectric power.

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3 years ago

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