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Tanzania [10]
3 years ago
10

Roland Richard, a baker, purchased 200 ounces off of an expensive spice for $400 on 3/1/09. The journal entry to record the purc

hase was:
3/1/09 Spice Inventory 400
Cash 400

By December, 12/31/09, there were 80 ounces on hand. Which of the following is the correct adjusting journal entry for 12/31/09?

A. debit Spice Expense and credit Spice Inventory 160
B. debit Spice Inventory and credit Spice Expense 160
C. debit Spice Inventory and credit Spice Expense 240
D. debit Spice Expense and credit Spice Inventory 240
Business
1 answer:
kirill [66]3 years ago
6 0

Answer:

The correct adjusting journal entry for 12/31/09:

D. debit Spice Expense and credit Spice Inventory 240

Explanation:

Roland Richard purchased 200 ounces off of an expensive spice for $400.

Cost per ounce = $400/200 = $2

By December, 12/31/09, there were 80 ounces on hand. Roland Richard used 120 ounces of expensive spice with the amount of expense: $2 x 120 = $240

The adjusting journal entry for 12/31/09:

Debit Spice Expense $240

Credit Spice Inventory $240

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Answer:

Location targeting

Ad scheduling

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Explanation:

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By using these techniques, Yuto focus on specific target and specific location for target his tourist .

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3 years ago
The owner of a quick oil-change business charges $ 20 per oil change and has 40 customers per day. If each increase of $ 2 resul
Airida [17]

Answer:

maximum income is $900

Explanation:

given data

oil change = $20

per day = 40 customer

increase = $ 2

dailer customers = 2

owner charge = $ 2

to find out

income from the business

solution

we know current income is 40 × 20

current income = $800

we consider here price increase x and income as function y

so y = (20 +2x) × ( 40 - 2x)    ........1

y = −4x² + 40x + 800

take derivative and put dy/dx = 0 for maximum

dy/dx = -8x + 40

0 = -8x + 40

x=5

so here from 1

y = (20 +2x) × ( 40 - 2x)

y = (20 +2(5)) × ( 40 - 2(5))

y = 30 × 30

y = 900

so maximum income is $900

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What is a minimum balance when it comes to account requirement?
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How do i know if i received the third stimulus payment?.
alexandr1967 [171]

Answer:

Use the IRS Get My Payment tool to track stimulus money

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Explanation:

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In general, it is a bad move for a company to produce more of a good or service if, by doing so,a. marginal cost exceeds margina
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Answer:

The correct option here is A) marginal cost exceeds marginal revenue

Explanation:

When a company is producing more goods and services, it becomes a bad move because at this point company's marginal cost starts exceeding the marginal revenue , which means with each additional units a company is producing it is losing profit on that unit, so it is better for a company to produce less and try to find that level of output where its marginal cost and revenue are equal because at that level, company would be able to make optimal profits.

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