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TiliK225 [7]
3 years ago
15

Assuming that you’re recording the transactions on the first page of the journal, the page entry at the top right side of the jo

urnal should be
A. One.
B. J.
C. J1.
D. 2.
Business
1 answer:
OverLord2011 [107]3 years ago
7 0
The page entry at the top right side of the journal should be <span>J1.

Hope this helps!!</span>
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Natcher Corporation collects 35​% of a​ month's sales in the month of​ sale, 40​% in the month following​ sale, and 20​% in the
uranmaximum [27]

Answer: Option (v) is correct

Explanation:

Given that,

Natcher Corporation collects,

35​% of a​ month's sales in the month of​ sale

40​% in the month following​ sale

20​% in the second month following sale

5% of their sales are noncollectable

Budgeted sales are:

August budgeted sales = $250,000

September budgeted sales = $350,000

October budgeted sales = $390,000

November budgeted sales = $230,000

Amount of cash collected in November is budgeted:

= 35% of November sale + 40% of October sale + 20% of September sale

= 35% of $230,000 + 40% of $390,000 + 20% of $350,000

= $80,500 + $156,000 + $70,000

= $306,500

4 0
3 years ago
The records of penny Co. Indicated that 415,000 of merchandise should be on hand December 31. The phyiscla inventory indicates t
Nata [24]

Answer:

See explanation section

Explanation:

As there is a difference between the physical count of the inventory and actual Inventory count, it indicates that the merchandise inventory is either sold or wasted. However, for continuing the operation smoothly, it is assumed as sold. Therefore, the journal entry to record the sale is -

December - 31       Cost of goods sold           Debit          45,000

                           ($415,000 - $370,000)

                                        Merchandise Inventory     Credit       45,000

                    (To record the sale of merchandise: adjusted)

5 0
3 years ago
Which of the following systems would you use to determine which trends in your supplier's industry will affect your firm the mos
irakobra [83]

Answer:

ESS

Explanation:

Management support system are computer based system that are used by managers in carrying out their functions.It consists of Executive support system , Decision support system ,Expert system.

Executive support system is an arm of MSS that facilitates and assist seniors executive information and decision making needs.

It is an intermediary between internal and external information in connection to the organization goal.

8 0
3 years ago
The discount rate is the interest rates on loans that the Federal Reserves makes banks. Banks occasionally borrow from the Feder
Kaylis [27]

Answer:

Explanation:

The discount rate is the interest rates on loans that the Federal Reserves makes banks. Banks occasionally borrow from the Federal Reserve when they find themselves short on reserves. A higher discount rate decreases banks' incentives to borrow reserves from the Federal Reserve, thereby reducing the quantity of reserves in the banking system and causing the money supply to fall

The federal funds rate is the interest rate that banks charge one another for short term loans. When the Federal Reserve uses open-market operations to buy government bonds, the quantity of reserves in the banking system increases, banks' demand for borrowed reserves declines , and the federal funds rate decreases.

6 0
3 years ago
The united states has more of what per employee than any other industrial nation?
Sav [38]

Managers, this is symbolic of how business is run in U.S. culture.

4 0
3 years ago
Read 2 more answers
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