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Bumek [7]
3 years ago
14

Researchers have discovered that "cyber-ostracism" by strangers elicits increased activity in the

Business
1 answer:
Allisa [31]3 years ago
4 0
<span>Researchers have discovered that "cyber-ostracism" by strangers elicits increased activity in the anterior cingulate cortex. If a stranger experience cyber-ostracism that means that they have been excluded or have excluded someone which could create emotions of bitterness or loneliness, superiority. The anterior cingulate cortex controls human emotions, so it would be responsible for the making the stranger experience any feelings that occurs during cyber-ostracism.</span>
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Julio is the owner of Party Time, Inc., a small party supply company. The company provides tents, tables, chairs, and related pa
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True ....................
4 0
3 years ago
The beginning inventory at Midnight Supplies and data on purchases and sales for a three month period ending March 31 are as fol
larisa86 [58]

Answer:

1. Journal Entries

January 1

Dr.  Inventory                   $624,000

Cr.  Account Payables    $624,000

January 10

Dr.  Account Receivables $532,000

Cr.  Sales                           $532,000

January 28

Dr.  Account Receivables $175,000

Cr.  Sales                           $175,000

Dr.  Cost of Goods Sold   $276,400

Cr.  Inventory                    $276,400

January 30

Dr.  Cost of Goods Sold   $97,500

Cr.  Inventory                    $97,500

February 5

Dr.  Account Receivables $70,000

Cr.  Sales                           $70,000

Dr.  Cost of Goods Sold   $39,000

Cr.  Inventory                    $39,000

February 10

Dr.  Inventory                    $1,360,000

Cr.  Account Payable       $1,360,000

February 16

Dr.  Account Receivables $1,319,500

Cr.  Sales                           $1,319,500

Dr.  Cost of Goods Sold    $718,100

Cr.  Inventory                     $718,100

February 28

Dr.  Account Receivables    $1,261,500

Cr.  Sales                              $1,261,500

Dr.  Cost of Goods Sold      $696,000

Cr.  Inventory                       $696,000

March 5

Dr.  Inventory                $1,166,880

Cr.  Account Payables $1,166,880

March 14

Dr.  Account Receivables  $1,421,000

Cr.  Sales                            $1,421,000

Dr.  Cost of Goods Sold    $793,040

Cr.  Inventory                     $793,040

March 25

Dr.  Inventory               $246,000

Cr.  Account Payable  $246,000

March 30

Dr.  Account Receivables  $1,145,500

Cr.  Sales                            $1,145,500

Dr.  Cost of Goods Sold    $644,640

Cr.  Inventory                     $644,640

* Assuming Purchases and Sales are made on Account

2.

Sales Value = $5,924,500  

Opening Inventory = $175,000

Closing Inventory = $307,200

Purchases =  $3,396,880

Cost of Goods Sold =  $3,264,680

Gross Profit = $2,659,820

3.

As the prices are increasing the Inventory value using last-in, first-out will be lower because all the unit sold at last are sold and inventory of the old items which was purchased on the lower cost remains in the closing inventory. The cost of Goods sold will be higher in this case.

Explanation:

First In First out (FiFO) is an Inventory method which determines the inventory value and it requires that the unit purchased first will be sold first.

Cost of Goods Sold = Opening Inventory + Purchases - Closing Inventory

Cost of Goods Sold = $175,000 + $3,396,880 - $307,200 =

Gross Profit = Sales Value - Cost of Goods Sold

Gross Profit = $5,924,500 - $3,264,680

Gross Profit = $2,659,820

Inventory Working is made in a MS Excel File, which is attached with this answer please find it.

Download xlsx
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What type of leader was Will Keith Kellogg? <br><br> Autocratic, Democratic, or Free Rein.
natali 33 [55]

Answer:

He was a Democrat and he was also a major leader in the progressive health reform

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What is the total tax rate in 2018 for income of 100000?
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The total of tax rate is 2.5%
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To minimize finance charges calculated by the daily balance method, when in the billing cycle is it best to make purchases and p
sleet_krkn [62]

Payments should be made early in the billing cycle, and purchases should be made late in the billing cycle.


3 0
3 years ago
Read 2 more answers
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