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Talja [164]
3 years ago
9

Stear Corp. Purchases goods on credit for $2,000. It records this transaction in the journal. It then returns a quarter of these

goods to the vendor because they were defective. How will the accountant record the transaction of returning the defective goods in the journal?
Business
1 answer:
mafiozo [28]3 years ago
7 0

Answer:

Journal entries:

Explanation:

For recording the purchase of goods of credit

Inventory dr. 2000

Accounts payable cr. in the name of the vendor 2000

For recording the return of goods purchased

Account payable dr. in the name of the vendor 2000

Inventory cr 2000

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In the short-run, the Sure-Screen T-Shirt Company is producing 500 units of output. Its average variable costs are $2.00 and its
Dmitry [639]

Answer:

the correct answer is $1,250

Explanation:

(The average variable costs + the average fixed costs) *  Production units

             =

The firms total costs

$2.00 + $0.50 =$2.50

$2.50 * 500= $1,250

GOOD LUCK

8 0
3 years ago
Your grandmother invested one lump sum 17 years ago at 4.25 percent interest. Today, she gave you the proceeds of that investmen
White raven [17]

Answer:

The lump sum invested was $2,730.30.

Explanation:

Giving the following information:

Invested one lump sum 17 years ago at 4.25 percent interest. Today, the proceeds totaled $5,539.92.

We need to calculate the original amount that this person invested 17 years ago. We will use the following formula:

PV= FV/(1+i)^n

PV= 5,539.92/ (1.0425)^17

PV= $2,730.30

3 0
3 years ago
What is the journal for : Incurred loan of $1000 from swiss bank. ?​
Fiesta28 [93]

Answer:

DR: Cash $1000

CR: Loan Payable $1000

Explanation:

N/A

8 0
3 years ago
On January 1, 2016, the Accounts Receivable balance was $28,100 and the balance in the Allowance for Doubtful Accounts was $3,20
g100num [7]

Answer:

Net Accounts receivable = $24900

so correct option is c) $24,900

Explanation:

given data

Accounts Receivable balance = $28,100

Doubtful Accounts = $3,200

uncollectible account = $940

to find out

net realizable value of accounts receivable immediately

solution

we get here first Accounts receivable that is

Accounts receivable = Accounts Receivable balance - uncollectible account    ...............1

Accounts receivable = $28,100 - $940

Accounts receivable = $27160

and

allowance will be here

allowance = Doubtful Accounts - uncollectible account  .................2

allowance = $3,200 - $940

allowance = $2260

so Net Accounts receivable is

Net Accounts receivable = $27160 - $2260

Net Accounts receivable = $24900

so correct option is c) $24,900

4 0
3 years ago
Sprout has created a unique market offering by integrating its programs with both children and parents. This unique offering tha
stealth61 [152]

Answer:

Differentiating

Explanation:

Sprout has created a unique market offering by integrating its programs with both children and parents. This unique offering that creates superior customer value is known as <u>Differentiating.</u>

Differentiating marketing: It is a strategy when company campaign the product that target two segment of market or two location or two age group.The purpose of differentiation is to gain competitive advantages. It create specialized or differentiated product for different segment in the society. It is one three basic business strategies given by Micheal Porter.

Three basic business strategies are:

  • Cost leadership
  • Focus
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5 0
3 years ago
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