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
Genrish500 [490]
3 years ago
6

The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be

Business
1 answer:
tia_tia [17]3 years ago
6 0
In perpetual inventory system, the amount of inventory recorded should directly reflect a continuous basis.
So, the journal entry that must be written in this case would be :

Merchandise inventory           xxxx
       Cash                                            xxxx

NB: xxxx indicate the dollar value of the inventory



You might be interested in
Consumers' affinity for sports brands may be immune to threats other brands face, such as competition for attention and switchin
mihalych1998 [28]

Answer:

True

Explanation:

Consumers mainly sports persons natural liking for their favourite sports brand exists. Sports persons like to buy and wear their favourite brand of shoes, clothed and apparels.

                   These brands remained immune to threats from other the rival brands because they remain the favourite of the respective sports persons. In other words they remain safe.

                  The sport person like to wear these brands and perform in the competition. But when the performance does not meet the sports person's expectations, they try to switch brands and go for some other brands.

Thus the answer is True.

7 0
3 years ago
Toby purchased a 20-year par value bond with semiannual coupons at a nominal annual rate of 8% convertible semiannually at a pri
steposvetlana [31]

Answer:

3.22%

Explanation:

Here, we are interested in calculating the minimum yield that Toby could receive.

To calculate this, we use the YTM formula.

Before we apply this formula, we write out the parameters which we were given in the question.

Given that number of years, n = 15*2 = 30, Price, P = 1722.25, Face value, F = 1100, C = 0.08/2*1100 = 44

Using YTM approximation formula,

YTM = [C + (F – P)/n]/ (F + P)/2

YTM = [44 + (1100 – 1722.25)/30]/ (1100+1722.25)/2

YTM = 23.2583/1411.125

YTM = 1.61%

YTM = 1.61% x 2 = 3.22%

5 0
3 years ago
The 2015 American Time Use survey contains data on how many minutes of sleep per night each of 10,900 survey participants estima
steposvetlana [31]

The population is the 10,900 respondents to the American Time Use Survey.

Explanation & Solution:

Statistics indicate that a large number of findings with similar features are related to in the population.

A sample is a subset from which it has been extracted.

"The American Time Usage survey for 2015 provides details about how many minutes of sleep every evening are assigned to each of 10,900 survey respondents.

An SRS of 100 participants (a plain random sample) has x = 514.4 minutes on average.

The size of the U.S. Time Utilization Survey is 10,900.

7 0
3 years ago
A team is trying to determine the best process type for producing a new product family. The product consists of a base model wit
Natali5045456 [20]

Answer:

The correct answer is the option A: Cell

Explanation:

To begin with, the name of "Cellular Manufacturing" is known in the business field for being one type of manufacturing process that can be selected among others in order to use it as the method of excellence to produce the good that the company wants to sell. Moreover, this type of process is characterized by the fact that the process involves a number of various machines that do a task in particular, called cells, that can easily change that task in order to do another one that the manufacturer will need so that implicates that this type of method is very helpfull in those companies who develop products that are intended to be changed continuously.

7 0
3 years ago
Hardin Company received $120,000 in cash and a used computer with a fair value of $360,000 from Page Corporation for Hardin Comp
san4es73 [151]

Answer:

$30,000 and $360,000

Explanation:

The computation of the gain on the exchange is shown below:

= Cash received + fair value of the computer  -  undepreciated cost of existing computer

= $120,000 + $360,000 - $450,000

= $30,000

The amount of the computer which is recorded will equal to the fair value of the computer i.e $360,000

For computing the gain we simply added the fair value and deduct the undepreciated cost of an existing computer in the cash received amount so that the accurate amount can come.  

All other information which is given is not relevant. Hence, ignored it

3 0
3 years ago
Other questions:
  • Every source has at least some type of _____.
    9·2 answers
  • A Third World country can be described as a(n) __________ country.
    10·1 answer
  • Causes of child labor
    6·2 answers
  • This is a nationwide program consisting of more than 30 college-level courses and exams offered at participating high schools, i
    13·1 answer
  • If the quote for a Treasury bond is listed in the newspaper as 99.25 bid, 99.26 ask, the actual price at which you can sell this
    15·1 answer
  • What about this profile would most appeal to a recruiter from a public relations firm? Check all that apply. the username the bi
    9·1 answer
  • What is the harder subject you guys ever did
    6·1 answer
  • A user access agreement typically is __________ than the list of employee expected behaviors within an organization.
    8·1 answer
  • Which transfer of ownership would not be excluded from property tax reappraisal?
    7·1 answer
  • Why is it important to begin establishing your personal brand while you are still in​ college?.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!