Answer:
D) Debit Accounts Payable $1500; Credit Merchandise Inventory $1500
Explanation:
The journal entry to record the merchandise return is shown below:
Account payable A/c Dr $1,500
To Merchandise inventory A/c $1,500
(Being returned inventory is recorded)
For recording the returned inventory we debited the account payable and credited the merchandise inventory account so that the proper posting could be done
Logistics system should be designed to achieve customer service goals while maintaining lowest possible financial investment in inventory.
The main purpose of logistics system is to increase the experience of the customer and to improve profits of the organization. Reducing the cost of inventory may add to the profits of the company.
Managing the inventory is an instinct part of the smooth running of businesses. Recognizing which and how much stock has to be ordered, is useful to continue the inventory levels and content the customers. Timely delivery of the product adds to the customer satisfaction.
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Answer:
$20
Explanation:
Calculation for the marginal cost of producing an additional unit of output
Using this formula
Marginal cost=Wage per week/Marginal product of labor
Let plug in the formula
Marginal cost= $700 per week/35 units per week
Marginal cost= $20
Therefore the marginal cost of producing an additional unit of output is $20
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<span>Henry Company should record the rent expense on August 2. Although the check was prepared on July 25 and mailed on July 27, it should not be recorded until the check is actually cashed.</span>
