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marusya05 [52]
3 years ago
6

Cumberland Co. sells $2,000 of inventory to Hancock Co. for cash. Cumberland paid $1,250 for the merchandise. Under a perpetual

inventory system, which of the following journal entry(ies) would be recorded?
Business
1 answer:
mafiozo [28]3 years ago
4 0

Answer:

Cash (Debit)                                    $2,000

         Sales (Credit)                                         $2,000

Cost of Merchandise Sold (Debit)   $1,250

         Merchandise Inventory (Credit)             $1,250

Explanation:

Cash (Debit): Cash increase because it is a Cash Sale, cash increases by debit.

     

Sales (Credit):  to register the sale, Sales(income) increases by credit .

Cost of Merchandise Sold (Debit): to record the cost of the merchandise sold, the costs increase by debit.      

Merchandise Inventory (Credit): to record the inventory output of the merchandise sold, inventory decreases by credit.

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You are planting seeds in a vegetable garden. According to the instructions on the seed​ packet, the seeds should be placed​ 12"
Leokris [45]

Answer:

A) the range of variation

Explanation:

In statistics, the range is a measure of variation which includes the highest value and the lowest value, in other words, the extreme points.

In this case, the range of variation represents the extreme points at which it is OK to plant our seeds. If we plant seeds more than 13" apart then we aren't doing it correctly, the same if we pant them less than 11" apart.

6 0
4 years ago
6. Asset 1 has an expected mean return of µ1 =9%, standard deviation of its return is σ1 = 6%. Asset 2 has an expected mean retu
Paraphin [41]

Answer:

Weight w1 = 0.65

Weight w2 = 0.35

Expected return =10.75%

Explanation:

w1 + w2 = 1 ........... (1)

w1 = SD of asset 2/(SD of asset 1 + SD of asset 2)

w1 = 11 ÷ (6 + 11) ⇒ 0.65

∴ w2 = 1 - w1 ⇒ 1 - 0.65

w2 = 0.35

Expected return = Weighted average

[0.65 × 9] + [0.35 × 14] ⇒ 10.75%

4 0
4 years ago
In his speech, George plans to convince his audience to buy a refillable water bottle instead of disposable water bottles. What
Natasha2012 [34]

Answer: Persuasion

Explanation: Persuasion can be define as the act of influencing someone or changing their mindset. In such case, the one persuading other must have his own mind set.

In the given case, George wants the audience to change their mindset of using plastic bottles as they are harmful for environment.

Thus, from the above we can conclude that the purpose of George behind his speech is persuasion.

5 0
3 years ago
Quick Computing currently sells 10 million computer chips each year at a price of $20 per chip. It is about to introduce a new c
Troyanec [42]

Answer:

Annual cashflow for the decision= $162  million

Explanation:

The proper cashflow would be determined as follows:

Contribution per unit = Sales price - variable cost

Contribution per unit of new chip  = 25-8 = $17 per unit

Contribution per unit of old chip = 20 - 6 = 14 per unit.

<em>Contribution form the sale of the new chip = contribution per unit × annual sales in unit</em>

=17 × 12  million units = $204  million

<em>lost Contribution from the old  chip = contribution per unit × lost annual sales in unit</em>

Lost contribution  from old chip= $14 × 3 million unit = $42 million

Note that the lost contribution is an opportunity cost occasioned as a result of the introducing the new chip, hence the contribution should be deducted

Annual cashflow for the decision= $204  million -$42 million  = $162  million

Annual cashflow for the decision= $162  million

4 0
3 years ago
An automobile assembly plant in Kentucky purchases several thousand unassembled parts for automobiles and then performs final as
Westkost [7]

Answer:

Just-in-time

Explanation:

From the question we are informed An automobile assembly plant in Kentucky who purchases several thousand unassembled parts for automobiles and then performs final assembly of the vehicles before delivering them to dealers all over the nation. Purchasing parts several days or weeks before they are assembled would increase the total cash outlay the plant has tied up in inventory at any given time. In order to reduce the expense of large inventories, most assembly plants have successfully adopted Just-in-time inventory systems.

The just in time inventory system can be regarded as a system involving management of inventory which is been designed to bring about improved efficiency as well as reduced waste in a production process , so that at the end inventory carrying costs is minimized.

3 0
3 years ago
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