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iVinArrow [24]
3 years ago
15

Record transactions of purchasing company. On October 5, Splish Brothers Company buys merchandise on account from Bramble Compan

y. The selling price of the goods is $4,700, and the cost to Bramble Company is $2,820. On October 8, Splish Brothers returns defective goods with a selling price of $720 and a fair value of $125.Record the transactions of Splish BrothersCompany, assuming a perpetual approach.
Business
1 answer:
Vlad [161]3 years ago
8 0

Answer:

See explanation section

Explanation:

October 5       Merchandise Inventory       Debit      $4,700

                       Accounts Payable - Bramble Company    Credit    $4,700

<em>To record the merchandise Inventory purchase on account. As the company uses perpetual inventory system, merchandise inventory becomes debit instead of purchase account.</em>

October 8        Accounts payable         Debit       $720

                        Merchandise Inventory       credit         $720

<em>To record the return of defective goods to Bramble Company. (Using perpetual inventory system)</em>

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Wrong in absence of gov. there will be no laws to abide so essentially they can do as they please.<span />
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Assume Baldwin Corp. is downsizing the size of their workforce by 15% (to the nearest person) next year from various strategic i
Assoli18 [71]

Answer:

The company will have to pay $5,100 per employee in separation costs if these exit interviews are implemented next year

Explanation:

Data provided in the question:

Percentage downsize in the workforce = 15% = 0.15

Cost of exit interviews = $100

Normal separation cost = $5,000

Now,

Total separation cost per employee = Cost of exit interviews + Normal separation cost

= $100 + $5,000

= $5,100

Therefore,

The company will have to pay $5,100 per employee in separation costs if these exit interviews are implemented next year

3 0
3 years ago
Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in 2021. The notes included: Note A:
Brums [2.3K]

Answer:

9.17%

Explanation:

Interest on Note B = $227,000 * 8% * 6/12

Interest on Note B = $9,080

Remaining Interest = $16,300 - $9,080  = $7,220

Annual Interest Rate = $7,220 / $135,000 * 12/7

Annual Interest Rate =  0.0916825397

Annual Interest Rate = 9.16825397

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8 0
3 years ago
Sean is initially unsure about which laundry detergent brand to buy: Stainz-Out or Ocean Fresh. Thanks to advertising, he has le
svlad2 [7]

Answer:

Positive effect advertisement

Explanation:

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4 0
3 years ago
Remo Company and Angelo Inc. are separate companies that operate in the same industry. Following are variable costing income sta
lesya [120]

Answer:

<u>Break-even Sales:</u>

      Remo Company                $128,346.17

      Angelo Inc.                        $201,649.86.

Explanation:

Break-even Sales is the dollar amount of revenue at which there will be neither Profit nor Loss. In other words, it a Point at which Contribution Margin is equal to Fixed Costs. The Formula to Calculate Break-even Sales is:

                         Fixed Cost / Contribution Margin Ratio

where

Contribution Margin Ratio is Sales less Variable Expenses, and expressed as a percentage of Sales.

Remo Company

Contribution Margin Ratio = 75,000 / 275,000 = 27.27%

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Angelo Inc.

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Break-even Sales = 110,000 / .5455 = $201,649.86.

3 0
2 years ago
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