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
musickatia [10]
3 years ago
6

Question 2--/1 View Policies Current Attempt in Progress This information relates to Cullumber Co.. 1. On April 5, purchased mer

chandise from Oriole Company for $27,900 on account. 2. On April 7, purchased equipment on account for $31,600. 3. On April 8, returned $3,700 of April 5 merchandise to Oriole Company. 4. On April 15, paid the amount due to Oriole Company in full. Prepare a tabular summary to record the transactions listed above for Rice Co. using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Business
1 answer:
Alex17521 [72]3 years ago
7 0

Answer:

             Cash    Inventory Equipment Accounts Payable

April 5th           27,900.00                      27,900.00

April 7th                            31,600.00      31,600.00

April 8th            (3,700.00)                       (3,700.00)

April 15th  (24,200.00)                              (24,200.00)

Explanation:

Instead of using a journal we record horizontally:.

We write the accounts and post under each one the values for each transactions

You might be interested in
Which of these fees is paid at the closing when a home purchase is finalized?
sleet_krkn [62]
<u>d.) Title insurance</u> is one of the fees that is paid at the closing of a home purchase when it is finalized.

There are two types of title insurance.
1) Lender's Policy Title Insurance - this is an insurance to assure the lender the you own the home and that the mortgage applied is a valid lien. This happens when you buy a house through bank financing.
2) Owner's Policy Title Insurance  - this is an insurance policy that protects you as the owner of the house when third party contests your ownership of the house.

8 0
2 years ago
_____ media are specifically designed to help bring customers eyeball to eyeball with the product--often at the point of sale or
cupoosta [38]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Exhibitive.

b) Transit.

c) Direct mail.

d) Outdoor.

e) Print.

And the correct answer is the option A: Exhibitive.

Explanation:

To begin with, the term known as <em>"Exhibitive Media"</em>, in the field of marketing and business, refers to the strategy used by the companies whose approach is in the point of sale marketing. This type of strategy focus on exhibiting the product to the costumer the closer as possible so it will generate an impulse on the client of buying the product without having it thought before seeing the product. A very common example of this strategy is the situation in where the supermarkets fill their lines to the cashier with other retails that have product that are attractive at first sight.

6 0
2 years ago
Here are the comparative income statements of Ayayai Corp..
Georgia [21]

Answer:

Ayayai Corp.

Horizontal Analysis:

                                          2020            Increase                 2019

Net sales                     $632,600  $110,700    21.2%     $521,900

Cost of goods sold       463,600     53,200    13.0%        410,400

Gross Profit                   169,000     57,500    51.6%          111,500

Operating expenses      79,300      32,100   68.0%          47,200

Net income                 $ 89,700     25,400   39.5%        $64,300

Explanation:

a) Data and Calculations:

AYAYAI CORP.

Comparative Income Statement For the Years Ended December 31

                                          2020             2019

Net sales                     $632,600     $521,900

Cost of goods sold       463,600        410,400

Gross Profit                   169,000          111,500

Operating expenses      79,300         47,200

Net income                 $ 89,700       $64,300

Percentage increase or decrease = (Increase/Decrease)/Base Year's Value

3 0
2 years ago
Because customers participate directly in the service process, the success of technological innovation is dependent upon:
miss Akunina [59]
<span>Because customers often participate directly when it comes to the service process, the success of any technological innovation is highly dependent on customer acceptance. This means that if the customers don't like the product or something about it, a technological innovation will not find a place in the main stream and will be unable to succeed.</span>
5 0
3 years ago
Coronado Industries had 293000 shares of common stock issued and outstanding at December 31, 2020. No common stock was issued du
Gnesinka [82]

Answer:

$3.72

Explanation:

earnings per common share = earning attributable to holder of common stock ÷ weighted average number of common stocks outstanding

therefore,

earnings per common share = $3.72

5 0
2 years ago
Other questions:
  • Glenda needs to practice writing e-mails to her digital team, but she cannot remember the guidelines for effective communication
    6·2 answers
  • A couple will retire in 50 years; they plan to spend about $26,000 a year in retirement, which should last about 25 years. They
    13·1 answer
  • Consider the following transactions for Thomas Company and their effect on the accounting equation. Click on each transaction fo
    11·1 answer
  • Products sold at factory outlets sometimes contain minor flaws<br><br> A.true<br> B.false
    7·2 answers
  • Monty Corp. receives $180,000 when it issues a $180,000, 10%, mortgage note payable to finance the construction of a building at
    12·1 answer
  • A cost-benefit analysis is a way
    14·2 answers
  • Sonia Corporation had a 1/1/20 balance in the Allowance for Doubtful Accounts of $60,000. During 2020, it wrote off $43,200 of a
    12·1 answer
  • What are examples of people creating intellectual property? Check all that apply.
    13·1 answer
  • Information on Wolfen Company's direct labor costs for the month of January follows: Actual direct labor rate $5.00 Standard dir
    6·1 answer
  • Fleet, Inc. manufactured 700 units of Product A, a new product, in 20Xl. Product Xs variable and fixed manufacturing costs per u
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!