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Lunna [17]
3 years ago
12

Orion Flour Mills purchased a new machine and made the following expenditures:

Business
1 answer:
MatroZZZ [7]3 years ago
8 0

Answer:

Orion Flour Mills Journal entry

Dr Equipment 62,400

Dr Prepaid Insurance 500

Cr Cash 2,900

Cr Accounts Payable 60,000

Explanation:

Calculation for cost of equipment

Purchase price 55,000

Add: Sales tax 5,000

Add: Shipment of machine 800

Add: Installation 1,600

Total Cost of Equipment 62,400

Calculation for Cash

Shipment of machine 800

Add Insurance on the machine for the first year 500

Add Installation 1,600

Total Cash 2,900

Calculation for Accounts Payable

Purchase price 55,000

Add: Sales tax 5,000

Total Account payable 60,000

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sergejj [24]

Answer:  The free enterprise system was certainly necessary for Mary Kay Ash to make an impact on the business world.

Explanation: This is because having no restrictions from the government, Mary Kay could set the price of her products, making them competitive in the market.  By selling directly to end consumers, she skipped intermediaries, therefore cut costs and had a great impact on the business world.  Another strategy she used is "try before buying", which became a plus for her products, having satisfied costumers become captive consumers, always coming back for more. The Free Enterprise System was absolutely helpful for Mary Kay Cosmetics to have pressence in the world for 56 years now.

6 0
3 years ago
Read 2 more answers
Arrange six departments into a 2 x 3 grid so that these conditions are satisfied: 1 close to 2, 5 close to 2 and 6, 2 close to 5
drek231 [11]

Answer:

1?3

256

Explanation:

If one is close to 2, then but so is five, and 6 is near five then they all have to be on there own row. Seeing as 3 is close not close to 1, or 2, it has to be the furthest away from them as it can be, and the questionmark is there because you only have five numbers, (1,2,3,5,6) so there isn't enough info for the question mark to have an answer.

5 0
3 years ago
What does it mean when the fed raises interest rates
Andrews [41]
What Happens When the Fed Raises Rates?

——> When the Fed raises the federal funds target rate, the goal is to increase the cost of credit throughout the economy.
7 0
3 years ago
Wesson Company sold 10,000 units of its only product in the first half of the year. If sales decrease by 15% in the second half
kipiarov [429]

Answer:

so here correct option is  E Depreciation on equipment

Explanation:

given data

no of unit sold = 10000 units

sales decrease = 15%

solution

Depreciation on equipment cost will not change because

Depreciation on equipment is assumed to be fixed in nature

and it is not change with increase or decrease in sales

and all other cost given here is variable in nature and it  depend upon sales or an  production

so here correct option is  E. Depreciation on equipment

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4 years ago
I really don’t know any of these answers help
oksano4ka [1.4K]
The Picture is really blurry try posting it again
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3 years ago
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