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3 years ago

One reason to buy a home instead of rent a home is:

2 answers:

7 0

I'm not sure if you have answer questions but here are some potential choices:
-Home value can increase over time if you want to sell again.
-You don't need to worry about rent.
-You can change your homes interior and exterior

Effectus [21]3 years ago

3 0

Less money up front equals it to be better than renting an appartment

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Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $300,000, vari

Ipatiy [6.2K]

Answer: $86700

Explanation:

The net operating income is used in knowing the profitability of an investment. The net operating income is gotten by subtracting the expenses from the revenue.

Based on the information given in the question, the net operating income is $86700. Kindly check the attachment for further details.

7 0

3 years ago

Emerald Co. uses a perpetual inventory system and records purchases of merchandise at net cost. The company recently purchased 2

Aneli [31]

Answer:

Dr accounts payable $2,300

Cr cash $2300

Explanation:

Initially the cost of the purchases=$4600

Returning half of the disc means the left for the discs actually bought is half of the invoice price of $4600 i.e $2,300

By not paying within the discount period implies that the debt stands at $2,300

Without mincing words,payment of $2,300 to the supplier automatically translates to debiting account payable with $2,300 and crediting cash account with the same amount.

The correct answer would :

Dr accounts payable $2,300

Cr cash $2300

This is missing from the options provided.

3 0

3 years ago

3. What is dollar voting? How can it affect the launch of the franchise into the new region?

icang [17]

Answer:

Dollar voting is an analogy that has been used to refer to the impact of consumer choice on producers' actions through the flow of consumer payments to producers for their goods and services.

3 0

3 years ago

A measure such as direct labor-hours or machine hours used to assign overhead costs to products and services is called a cost dr

MrRissso [65]

A measure such as direct labor-hours or machine hours used to assign overhead costs to products and services is called a cost driver or an allocation base.

An entity allocates its overhead costs on the basis of an allocation base. An allocation basis is a measurement, such as the amount of square footage occupied, kilowatt hours consumed, or machine hours used.

Cost accounting assigns overhead expenses using an allocation base. An allocation base can be a quantity, such as the amount of machine hours used, kWh spent, or occupied square footage.

Learn more about allocation base here

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3 0

2 years ago

Beginning inventory $ 34,000 Inventory purchases (on account) 164,000 Freight charges on purchases (paid in cash) 19,000 Invento

sukhopar [10]

Answer:

Journal entries - Perpetual inventory system

Inventory purchases (on account) 164,000

Inventory $ 164000(debit)

Trade Payables $ 164000 (credit)

Freight charges on purchases (paid in cash) 19,000

Freight Charges $ 19000 (debit)

Bank $19000 (credit)

*****Freight Charges forms part of cost of Inventory (IAS 2) therefore write off freight cost to Inventory Account****

Inventory $19000 (debit)

Freight Charges $ 19000 (credit)

Inventory returned to suppliers (for credit) 21,000

Trade Payable $ 21000 (debit)

Inventory $21000(credit)

Sales (on account) 259,000,

Trade Receivables $ 259000 (debit)

Revenue $259000(credit)

Cost of inventory sold 157,000

Cost of Sales $157000 (debit)

Inventory $157000 (credit)

Journal entries - Periodic inventory system

Inventory purchases (on account) 164,000

Inventory $ 164000(debit)

Trade Payables $ 164000 (credit)

Freight charges on purchases (paid in cash) 19,000

Freight Charges $ 19000 (debit)

Bank $19000 (credit)

*****Freight Charges forms part of cost of Inventory (IAS 2) therefore write off freight cost to Inventory Account****

Inventory $19000 (debit)

Freight Charges $ 19000 (credit)

Inventory returned to suppliers (for credit) 21,000

Trade Payable $ 21000 (debit)

Inventory $21000(credit)

Sales (on account) 259,000,

Trade Receivables $ 259000 (debit)

Revenue $259000(credit)

Cost of inventory sold 157,000

Cost of Sales $157000 (debit)

Inventory $157000 (credit)

Explanation:

Inventory purchases (on account) 164,000

Recognise an Asset - Inventory and a liability - Account payable

Freight charges on purchases (paid in cash) 19,000

Recognise an expense - Freight Charges and de-recognise asset - Bank

*****Freight Charges forms part of cost of Inventory (IAS 2) therefore write off freight cost to Inventory Account****

Derecognise expense- Freight and recognise an asset - Inventory

Inventory returned to suppliers (for credit) 21,000

De-recognise Asset - Inventory and De-recognise Liability - Account Payable

Sales (on account) 259,000,

Recognise Asset - Trade Receivable and Recognise Revenue

Cost of inventory sold 157,000

Recognise expense - Cost of Sale in Profit and Loss and De-recognise Asset- Inventory

6 0

3 years ago