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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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The autocratic<span> leadership </span>style<span> is best used in situations where control is </span>necessary<span>, often where there is little margin for error. </span>When<span> conditions are dangerous, rigid rules can keep people out of harm's way.</span>
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3 years ago
Suppose the economy is currently in short run macroeconomic equilibrium, with actual GDP bigger than potential GDP.
krek1111 [17]

Answer:

attached below

Explanation:

Given that the economy has its actual GDP > potential GDP

<u>A) using AD-AS to depict the situation </u>

attached below is the graph

The gap( Lf - L1 )  is called <em>inflationary gap </em>

x-axis <em>= </em>real GDP ,  Y-axis = price level,

AD = aggregate demand curve , S = short run aggregate supply curve

L = long run aggregate supply curve,

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5 0
2 years ago
James purchased a new business asset (three-year personalty) on July 23, 2019, at a cost of $40,000. James takes additional firs
maria [59]

Answer:

The cost recovery deduction for 2019 is $26666

Explanation:

Additional first-year depreciation = 40000*0.5

                                                        = $20000

MACRS cost recovery = (40000 - 20000)*0.3333

                                     = $6666

Total cost recovery deduction for 2017 = Additional first-year depreciation  + MACRS cost recovery

                                                                 = $20000 + $6666

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Therefore, The cost recovery deduction for 2019 is $26666

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3 years ago
The quantity supplied is the: Group of answer choices amount of inputs that a firm earns profit on. change in the sellers' outpu
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Answer:

Explanation:

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2 years ago
How is the market supply curve derived from the supply curves of individual producers?.
NNADVOKAT [17]

The way that the market supply curve is derived from the supply curves of individual producers is by horizontally adding the individual supply curves.

<h3>How is the market supply curve estimated?</h3>

The market supply curve is estimated by adding up all the individual supply curves in the market. This therefore shows the total amount os supply for a good or service in the market.

The way that this addition is done is by horizontally adding the supply curves. What this means is that the quantities that are being offered by each individual suppliers at the various prices in the market, are added up to come up with the market supply curve.

Options for this question are:

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