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bulgar [2K]
3 years ago
12

On November​ 30, Janoch's Dog Kennel purchased $ 600 of merchandise on account from the Ganster Company. The goods were shipped

F.O.B. shipping point. The freight charge of $ 100 was paid by Ganster Company and added to the invoice. The amount to record in the Purchases account​ is:
Business
1 answer:
valentinak56 [21]3 years ago
3 0

Answer:

$700

Explanation:

The journal entry to record the purchase should be:

November 30, Merchandise purchased from Ganster Company

  • Dr Merchandise Inventory account 700
  • Cr Cash account 700

Since the freight charge was added to the invoice, then the total invoice will = $600 + $100 = $700

When a company purchases FOB shipping point, the title of the goods passes at the seller's shipping dock. Therefore the merchandise inventory must increase once the goods have left the seller's shipping dock.

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Hutch Inc., a software company, uses an approach in which software developers and programmers interact directly with customers.
dimaraw [331]

Answer: c. Agile

Explanation: The agile approach involves a technique for iterative and incremental development of software and it involves collaboration between teams. The team of programmers and software developers interacting directly with customers and developing samples based on their requirements, and adjusting those samples based on their feedback which results in lesser time spent on contract negotiation and documenting processes shows that Hutch Inc. is employing agile methods.

6 0
3 years ago
A company desires to sell a sufficient quantity of products to earn a profit of $400,000. If the unit sales price is $20, unit v
Amanda [17]

Answer:

Number of units to be sold = 150000

So option (b) is correct option

Explanation:

We have given net income = $400000

Unit sales price = $20

Unit variable cost= $12

Total fixed cost $800000

Units must be sold to earn net income of $400,000 =

=profit+\frac{total\ fixed\ cost}{sale\ price}-ubit\ variable\ cost=400000+\frac{800000}{20}-12=150000units

So number of units to be sold = 150000

So option (b) is correct option

3 0
3 years ago
Carson Company purchased a depreciable asset for $560,000. The estimated salvage value is $28,000, and the estimated useful life
LenaWriter [7]

Answer:

$79,800

Explanation:

Depreciation expense using the activity method = (actual hours of use in a given period / total estimated hours of use ) × ( Cost of asset - Salvage value)

(1500/10,000) × ($560,000 - $28,000) = $79,800

I hope my answer helps you.

5 0
3 years ago
The market for carbon allowances
erik [133]
The market for carbon allowances is set by the regulatory authority.
3 0
3 years ago
Aldi, Lidl, Dollar General, and Family Dollar are examples of ________, as they carry a more restricted merchandise mix than dis
liq [111]

Answer:

The correct answer to the following question is Extreme value stores .

Explanation:

Extreme value stores are those type of stores which are also know as merchandise  discount store, which are easily found in the low income rural and urban areas. These type of stores are usually small discount stores, who have very limited merchandise assortments and they offer those products at a very low price. The given examples of Aldi, Lidl, Dollar general and Family Dollar are all examples of Extreme value stores.

4 0
3 years ago
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