1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nastasia [14]
2 years ago
13

Partially correct answer iconYour answer is partially correct. This information relates to Windsor Co.

Business
1 answer:
I am Lyosha [343]2 years ago
4 0

1.  Dr Merchandise inventory    25100

                Cr  Accounts payable       25100

        (To record purchase of inventory on account)

2. Dr Merchandise inventory   530

               Cr  Cash                          530

       ( To record freight cost )

3. No entry

4.  Dr Accounts payable   3600

             Cr  Merchandise inventory    3600

       ( To record purchase return)

5.  Dr Accounts payable   ( 25100-3600)  21500

                         Cr  Cash                                        21500

      (To record paid the amount due).

You might be interested in
The transactions completed by Franklin Company during January, its first month of operations, are listed below. Assume that Fran
Digiron [165]

Answer:

Issued check for a payment on account CP, subsidiary posting

Issued check for rent CP, No subsidiary posting

Received cash for a sale CP, No subsidiary posting

Issued an invoice to a customer R, subsidiary posting

Purchased a computer for cash CP, subsidiary posting

Received a check from a payment on account CR, subsidiary posting

Purchased equipment on account P, subsidiary posting

Issued check for salary CP, No subsidiary posting

Issued check for purchase of supplies CP, No subsidiary posting

Issued check for advertising expense CP, No subsidiary posting

Paid for the equipment purchased on account CP, subsidiary posting

Recorded the adjustment for supplies used during the month G, Subsidiary posting

Purchased supplies on account P, subsidiary posting

7 0
3 years ago
Jones Company sells an average of 200 chairs per week, of which 30% are regular chairs and 70% are executive chairs. Regular cha
MissTica

Answer:

Contribution margin per unit: $42.9

Total contribution margin: $8,580

Explanation:

The contribution margin per unit is calculated by calculating the total contribution margin, which is basically the total sales, minus the costs of production, in this cae we have that we sold:

60 regular chairs

140 executive charis

Now the total in sales is:

Regular sales: $6,000

Executive chairs: $23,800

The variable cost of each is:

Regular chairs: $3720

Executive chairs: $17,500

We add up the sales and withdraw from it the total variable cost:

29,800-21,220=8,850

The total contribution margin is equal to $8850.

And the contribution margin per unit is given by dividing the total contribution margin by the number of units sold:

8850/200=  42.9

So the contribution margin per unit is 42.9 dollars.

7 0
3 years ago
What type of job can i get with a finance and marketing double major
lora16 [44]
You can get jobs such as social media manager, accountant, advertising manager, marketing analyst, marketing manager, financial planner, budget planner
6 0
2 years ago
Which of the following would cause prices to drop? A. Increased production by business B. Increased taxes on business C. Higher
Ugo [173]
It would actually be an increased production by the business.

Haha, I had to think for a tiny bit and re-check my answer to make sure it was right before giving it. Would hate to see you get it wrong. 
8 0
3 years ago
Read 2 more answers
A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 18,300 uni
PtichkaEL [24]

Answer: 14.9%

Explanation:

18300/12770x100%

8 0
2 years ago
Other questions:
  • A document in an auditor's working papers includes the following statement: "Our audit is subject to the inherent risk that mate
    14·1 answer
  • Assume you have a system that does not provide a usleep(unsigned long usec) call to suspend the execution of the thread for a gi
    14·1 answer
  • Which statement is true?A) From a legal perspective, preferred stock is a form of corporate equityB) All classes of stock must h
    6·1 answer
  • Ending assets for CompuHelp equals $650,000, and the beginning retained earnings was $325,000. If net income during the period w
    13·1 answer
  • Explain how to structure discounts so that they encourage customers to spend money and keep the business profitable. Be sure to
    7·1 answer
  • Magna Carta was the result of the king's disastrous foreign policy and overzealous financial administration. John had suffered a
    13·2 answers
  • A $72 NSF check was returned from Mr. Smith, a company client. On a bank reconciliation, this would be shows as a(n)
    6·1 answer
  • Each of the following are advantages of bonds except: multiple choice bonds do not affect owner control bonds require payment of
    8·1 answer
  • Four brokers decided to collaborate and refuse to show any of the properties listed by a new broker in the area in an effort to
    5·1 answer
  • When a service call is longer than expected, and another appointment time is fast approaching the agency's employees are likely
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!