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g100num [7]
3 years ago
9

Gullett corporation had $44,000 of raw materials on hand on november 1. during the month, the corporation purchased an additiona

l $93,000 of raw materials. the journal entry to record the purchase of raw materials would include a:
Business
1 answer:
Zina [86]3 years ago
4 0

Answer:

Dr Raw materials $93,000

Cr Accounts payable $93,000

Explanation:

Based on the information given we were told that during the month, the corporation had to purchased an additional raw materials of the amount of $93,000 which means that the journal entry to record the purchase of raw materials would include a:

Dr Raw materials $93,000

Cr Accounts payable $93,000

(To record purchase of raw materials)

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Healthy Hots, a fast-food restaurant that offers heart-healthy food, is experiencing several difficul- ties with operations. Alt
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Team building is also important. Most working adults spend more of their awake time at work than at home. Therefore, people who work together tend to form a familiar bond. Removing anything that remotely promotes favoritism and/or tension in the workplace will reduce turnover.

Explanation:

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in your own opinion, how importance having a security tools, privacy, social networking, employment contacts in hotel and why?​
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6 0
3 years ago
Plainville Corporation has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle?
devlian [24]

Answer:

Inventory cycle  = <u>Inventory </u>               x 365  days

                             Cost of goods sold      

Inventory cycle  = <u>$75,000</u>     x 365 days

                              $360,000  

                           = 76.04 days

Receivable days =  <u>Accounts receivable</u> x  365 days

                                       Sales        

                            = <u>$160,000</u>   x 365 days

                               $600,000  

                            =  97.33 days

Payable days      = <u>Accounts payable</u>  x 365 days

                              Cost of sales      

                            = <u>$25,000 </u>    x 365 days

                               $360,000  

                            = 25.35 days

Cash conversion cycle

= Inventory cycle + Receivable days - Payable days

= 76.04 days + 97.33 days - 25.35 days

=  148.0 days

Explanation:

Cash conversion cycle is calculated as raw inventory cycle plus receivable days minus payable days. Inventory cycle is the ratio of inventory to cost of goods sold multiplied by number of days in a year. Receivable days refer to the ratio of accounts receivable to sales multiplied by number of days in a year. Payable day is the ratio of accounts payable to cost of goods sold multiplied by number of days in a year.

6 0
3 years ago
Suppose disposable income increases by $ 2,000. As a result, consumption increases by $ 1,500. 1. The increase in savings result
NeTakaya

Answer:

1. The increase in savings resulting directly from this change in income is $500

That is

Increase in savings = Increase in income minus increase in consumption

= 2000 - 1500

= $ 500

2.The marginal propensity to save (MPS) is calculated by dividing the change in savings by the change in income.

That is

ΔS/ ΔY,

Therefore given

Change in savings =ΔS =$500

Change in income =ΔY = $2000

MPS = 500/2000

MPS = 0.25

3.The marginal propensity to consume (MPC) is calculated by dividing change in consumption by changes in come.

That is ΔC / ΔY

Where ΔC = 1500

ΔY = 2000

Therefore MPC = 1500/2000

= 0.75

1. The increase in savings resulting directly from this change in income is $

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