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igor_vitrenko [27]
3 years ago
11

Jackson Company uses a perpetual inventory system. On November 30, it purchased $10,000 of merchandise and it must pay the $200

shipping charges. The credit terms for the merchandise were 2/10, n/30. The company paid for both the merchandise and the shipping charges nine days after their invoice dates. Which of the following is part of the required journal entry when Jackson pays the shipping charges of $200A) A debit to Inventory for $200
B) A debit to Freight-in for $200
C) A debit to Freight-out for $200
D) A debit to Cash for $200
E) A credit to Accounts Payable for $200
Business
1 answer:
pshichka [43]3 years ago
8 0

Answer:

Option (A) A debit to inventory for $200

Explanation:

The entire cost of purchasing products (including the cost of having the inventory shipped to the buyer) is reported as part of the cost of the inventory in a perpetual inventory system.

The entry of paying the charges for shipping is included in debit to inventory for $200 and a credit to cash for $200.

Hence,

The answer is option (A) A debit to inventory for $200

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The musical instrument store estimates costs of $18,750.00 annually to carry inventory of musical instruments and accessories. t
guapka [62]
To find the value of the inventory to the nearest cent: 
Estimated costs are: $18,750
Storage costs: 12%
Interest costs: 12%
Transportation costs: 5%
Let's add the costs up: 12% + 12% + 5% = 29%  

We are solving for the value of inventory so in this case we will make that X.
X = estimated costs/interest amounts 
X = $18,750/29% 
X = $18,750/0.29
X = $64,655.17

The value of the inventory is $64,655.17

To check your work you can take $64,655.17 and multiply it by 29%
= $18,750
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3 years ago
A rivalry based on the special interests of different areas is called _____
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<span>A rivalry based on the special interests of different areas is called sectionalism. Each rival has an region or section they possess and they are only interested in scenarios or situations concerning them. The rivalry comes from the fact that both parties may have opposite views on special interests or have had some sort of conflict in the past or present.</span>
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3 years ago
A younger client with a moderate amount of funds is considering the purchase of a home in the near-term future. For this reason,
Valentin [98]

Answer:

c) Investment in a DPP (Direct Participation Program)

Explanation:

Direct Participation Programs are a form of limited partnership. DPP has the lack of liquidity, since ownership interests are not always freely transferrable and require the approval of a general partner of the DPP. Each of the other items listed are more liquid on a short-term basis. Bonds can be sold, bond fund shares can be redeemed, equities are easily sold in the secondary market, and though CDs are not transferrable, the maximum maturity is 1 year or less, so the client would have short-term access to the funds invested.

8 0
3 years ago
Read 2 more answers
Investors choose international diversification because:
Stells [14]

Answer: I found the correct and complete question:

Which of the following statements is most CORRECT with respect to international diversification?

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Explanation: The correct answer is "a) the gains from diversification may be diminished due to combined correlations accompanied by volatility in world markets.".

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3 years ago
a stock currently sells for $30 per share and pays $1.00 per year in dividends. what is an investor's valuation of this stock if
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An investor's valuation of this stock if he expects it to be selling for $37 in one year and requires a 12 percent return on equity investments would be $33.93.

Valuation of stock: 0.12 = ( 37 - P + 1 )/P

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An equity investment is a cash put into a business through the purchase of its stock on the stock exchange. On a stock exchange, these shares are typically traded.

Private equity investments, preferred shares, retained earnings, and equity mutual funds are a few examples of equity investments. A variety of advantages, including risk diversification, straightforward transfer, profitability, and simple monitoring, come with an equity investment.

To learn more about Equity investments visit: brainly.com/question/28191214

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3 0
1 year ago
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