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2 years ago

Prepare a tabular summary to record the transactions for the month using a perpetual inventor system.

Business

1 answer:

vfiekz [6]2 years ago

6 0

Answer:

Perpetual Inventor System.

 DR CR

 $ $ 

March 2

(a) Accounts receivable $850,000

Revenue $850,000

Cost of goods sold $500,000

Inventory $500,000

March 6

(b) Inventory $60,000

Cost of goods sold $60,000

Revenue $100,000

Accounts receivable $100,000

March 12

Accounts receivable $850,000

Explanation:

perpetual inventory system is an inventory system where inventory records are updated to reflect additions and subtractions inventory. Records will be made when inventories are received, goods are sold items returned, etc.

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For a binomial experiment with r successes out of n trials, what value do we use as a point estimate for the probability of succ

trapecia [35]

Answer: $\dfrac{r}{n}$

Explanation:

If r is the number of successes out of n trials , then the sample proportion of success = $\hat{p}=\dfrac{r}{n}$

For binomial experiment , if the population probability of success p on a single trial is not given , then the best point estimate for probability of success p on a single trial is the sample proportion of successes.

i.e. a point estimate for the probability of success p on a single trial :

$p=\hat{p}=\dfrac{r}{n}$

Hence, a point estimate for the probability of success p on a single trial = $\dfrac{r}{n}$

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2 years ago

At the end of the period, the balance left in the factory overhead account is equal to the

katrin2010 [14]

Answer:

d.total factory overhead cost variance.

Explanation:

In manufacturing accounting, at the beginning of the period, manufacturing overheads (i.e. costs other than Direct Material and Direct Labor) has been applied to Work-in-process using a predetermined overhead rate. At the end of the period, if the manufacturing overhead account shows a debit balance, that signifies that overhead has been under-applied (i.e. the manufacturing overhead cost applied to work in process is less than the actual manufacturing overhead cost for the period), and contrariwise if the manufacturing overhead account shows a credit balance, it means the overhead is over-applied (i.e. the manufacturing overhead cost applied to work in process is more than the actual manufacturing overhead cost for the period). In any case this balance warrants an adjustment to close out the books, by transferring it to the cost of goods sold account.

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2 years ago

Billboard advertising is most effective for __________ advertising.

kakasveta [241]

"companies" advertising

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2 years ago

Label each of the items listed with the abbreviation of the financial statement on which it appears. Items may appear on more th

Zinaida [17]

1. Accounts receivable are found on the balance sheet.

2. Notes payable are found on the balance sheet.

3. Advertising expense is found on income statement

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2 years ago

Read 2 more answers

The sea wharf restaurant would like to determine the best way to allocate a monthly advertising budget of $1000 between newspape

Andreas93 [3]

From what I understood in the problem, the total budget that covers all types of media is only $1,000 per month. For the allocation, each type of media would get at least 25% of the budget. If we infer on this information, there should only be 4 types of media, at least. This is because four 25% portions would equal to 100%. If it exceeds 25% for each of the four types, it would be over the $1000 budget. With that being said, it is also possible that there will be 3 or 2 types of media. Nevertheless, let's just stick to the least assumption of 25% for each of the 4 types.

If local newspaper advertising is one of the four types, then:

$1000(25%) = $250

It would get $250 from the overall budget.

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2 years ago