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Brut [27]
3 years ago
8

Novak Company uses a perpetual inventory system. Its beginning inventory consists of 113 units that cost $77 each. During June,

(1) the company purchased 338 units at $77 each, (2) returned 14 units for credit, and (3) sold 281 units at $113 each. Journalize the June transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Business
1 answer:
Deffense [45]3 years ago
5 0

Answer:

Novak Company Journal. $

June 1

1. Purchases Dr. 26,026

Vendor. Cr. 26,026

Narration purchase of stock

2.Vendor Dr 1078

Return outward Cr. 1078

Narration. Return on goods purchased.

3. Customer Dr 31753

Sales. Cr. 31753

Narration. Good sold to customer

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Rs 1600000

Explanation:

accounting equation= asset= liability+capital

3 0
3 years ago
Suppose you are a supply chain manager for De Beers Diamond co., and your job is to order components for a manufacturing facilit
Fed [463]

Answer:

100 units

Explanation:

Given that,

Annual demand (D) = 500 units

Ordering cost (S) = $5 per order

Holding cost (H) = $0.50 per unit per year

Optimal order quantity(Q):

=\sqrt{\frac{2\times D\times S}{H}}

=\sqrt{\frac{2\times 500\times 5}{0.50}}

=\sqrt{\frac{5,000}{0.50}}

=\sqrt{10,000}

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4 0
3 years ago
The Carolina Christmas Tree Corporation grows and sells 500 Christmas trees. The average cost of production per tree is $50. Eac
vladimir2022 [97]

Answer:

The Carolina Christmas Tree Corporation’s total revenue is $32,500.

Explanation:

The total supply of Carolina Christmas Tree Corporation (Q) = 500

The selling price of a tree (P) = $65

The total revenue (TR)of Carolina Christmas Tree Corporation = Total supply (Q) * Selling price of a tree (P)

TR = 500 * $65 = $ 32500

Therefore, the answer to the given question is option C = $ 32,500

3 0
3 years ago
Suppose Lois usually buys two cups of coffee for two dollars each and one scone for two dollars each. If the price of scones fal
777dan777 [17]

Answer:

The correct answer is D. Real income effect.

Explanation:

Real income is defined as the monetary income of an individual, taking into account the effect of inflation. For example, if a person's nominal salary increases by 10% in one year, and inflation is 6% in that year, the actual income will have increased 4% in that year.

4 0
3 years ago
Which of the following is not a benefit of networking
Marysya12 [62]

Answer:

B. Registering for college courses earlier

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Here are the options  

A. Meeting potential employers  

B. Registering for college courses earlier

C. Building relationships

D. Learning how to socialize professionally

Networking can be described as when people with similar interests come together to exchange ideas. The exchange of ideas usually takes place in an informal setting.

With the advent of technology, networking can take place on social media.

Networking has several advantages :

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  • It is a great way to meet people and exchange ideas
3 0
3 years ago
Read 2 more answers
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