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3 years ago

The Marchetti Soup Company entered into the following transactions during the month of June:_________.

Business

1 answer:

Delvig [45]3 years ago

8 0

Answer: Please find answers in the explanation column

Explanation:

a.) journal entry to record purchase of inventory on account by the company

Date Accounts Debit Credit

June Inventory $245,000

Accounts payable $245,000

b.) journal entry to record for the payment of salaries to the employees

Date Accounts Debit Credit

June Salaries and wages expenses $60,000

Cash $60,000

c1.) journal entry to record the sale of merchandise to customers

Date Accounts Debit Credit

June Cash $300,000

Sales Revenue $300,000

c2.) journal entry to record the cost involved in the sale of merchandise to customers

Date Accounts Debit Credit

June Cost of goods sold $160,000

inventory $160,000

d.) journal entry to record the cash collected from the customers

Date Accounts Debit Credit

June Cash $280,000

Account receivable $280,000

e.) journal entry to record the payment of cash to the suppliers of inventory

Date Accounts Debit Credit

June Account payable $225,000

Cash $225,000

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In the capitalization versus expensing case the main ethical issue is whether gloria hernandez should?

nata0808 [166]

In the capitalization versus expensing case the main ethical issue is whether Gloria Hernandez should capitalize or expense one millions dollars of expenditures.

<h3>What is meant by capitalization?</h3>

This is the term that is used in accounting to talk about the fact that an item can be recorded as an asset. What this means is that the expenditure is going to be made to appear in the balance sheet and it would not have to appear in the income statement.

Hence we have to say that In the capitalization versus expensing case the main ethical issue is whether Gloria Hernandez should capitalize or expense one millions dollars of expenditures.

Read more on capitalization here: brainly.com/question/1293334

#SPJ1

4 0

1 year ago

I'm always cramming to hand in an assignment or take an exam what can I do better?

denis23 [38]

Make a study schedule! organize all your notes and materials .flashcards work or find a study buddy who needs someone to push them to focus on the task as well.
NOTE- I have not used every thing on this list but I added them so you can see what works for you :) happy studying

for homework help include khan academy, lit charts, brain(duh), Wikipedia- note I wouldn't use wiki as help writing an essay or something it's not considered a reliable source for things like that. wolfram alpha.

to help with bookmarks and citations
Instapaper, pocket, easybib also if you need a grammar checker for things you have to type you can download Grammarly to your desktop I'm using it now and it's so helpful.

to help with note taking
notability, Evernotes, my script nobo, penultimate, supernotes, pages, office lens.

to help with organization istudiez
,todoist,any.do,wunderlist,treilo, my homework

to help with productivity

audimemo, lastpass, dragon diction,freedom,pomodroido

for flashcards, i really recommend quizlet or study blue.

for math calculators use math way it's so helpful and one of the best calculators I've ever used.
note- if you have a school iPad or something this list can help a lot.

phew finally let me post :D
hope I helped - beanz

7 0

3 years ago

Larry Ellison starts a company that manufactures high-end custom leather bags. He hires two employees. Each employee only begins

Degger [83]

Answer:

12.55 days

Explanation:

Provided information

Number of employees 2

Average production time=1.8 days

Standard deviation=2.7 days

Inter-arrival time= 1 day

Coefficient of variation= 1 day

Standard deviation of inter-arrival time= 1 day

The coefficient of variations

Inter-arrival coefficient of variation

$C_{vi}=\frac {\sigma}{T}$ where $\sigma$ is standard deviation of inter-arrival time, T is inter-arrival time and $C_v$ is coefficient of variation of inter-arrival time

$C_{vi}=\frac {1 day}{1 day}=1$

Production time coefficient of variation

$C_{vp}=\frac {2.7}{1.8}=1.5$

Total utilization time

$U=\frac {T}{n*T_i}$ where T is the time of production, n is number of employees, U is utilization, $T_i$ is inter-arrival time

$U=\frac {1.8}{2*1}=0.9$

Therefore, utilization time by 2 employees is 0.9

Expected average waiting time

$T_e=(\frac {T}{n*T_i})*0.5(C_{vi}^{2}+C_{vp}^{2})*(\frac{U^{\sqrt{2(n+1)}-1}}{1-U})$

Where $T_e$ is expected average waiting time and the other symbols as already defined

Substituting 1.5 for $C_{vp}$ , 1 for $C_{vi}$ , 0.9 for U, 2 for n, 1 for $T_i$ and 1.8 for T

$T_e=(\frac {1.8}{2*1})*0.5(1^{2}+1.5^{2})*(\frac{0.9^{\sqrt{2(2+1)}-1}}{1-0.9})$

$T_e=0.9*1.625*8.583709=12.55367 days$ and rounding off to 2 decimal places we obtain 12.55 days

Therefore, expected duration between order received and beginning of production is approximately 12.55 days

7 0

3 years ago

Which of the following would most likely shift a production possibilities curve to the right?

MAXImum [283]

Answer:

an improvement in the education level of the work force of a nation

Explanation:

The production possibility curve is a curve that shows the various quantities of two goods an economy can produce at a given level of technology and amount of labour force.

Factors that leads to an outward shift of the production possibility curve;

1. Increase in labour force

2. Increase in education level of the Labour force

3. Technological advancement

Shifting resources from the production of one good to the production of another leads to a movement along the production possibility curve.

I hope my answer helps you

5 0

3 years ago

Julia wanted to test out a new product for her company. She scheduled several small group lunches and learns with internal staff

KengaRu [80]

Answer: Informational

Explanation: These roles refers to the collection, dissemination and transmission of information by the manager. This role of the manager depicts how suitable a manager in decision making as the information collected is usually related to some important decision to be made.

In the given case, Julia tries to collect all the relevant information from different sources such as staff meetings. She collected all the information with objective of making the product suitable for customer needs and preferences.

Thus, we can conclude that Julia likes to play informational role.

7 0

3 years ago