Answer:
Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system and the gross method.
Apr. 2 Purchased $5,800 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point.
3 Paid $250 cash for shipping charges on the April 2 purchase.
Explanation:
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Answer:
The answer is 240 billion dollars.
Explanation:
The increase in government purchases will lead to an increase in income, generating an initial change in consumption equal to $240 billion.
Answer:
Marginal Cost = $19
Marginal Profit = $6
Explanation:
Break even quantity =
80 =
Contribution = = 6 per unit
Contribution = Sales - Variable cost = $25 - VC = $6
$25 - $6 = VC = $19
Marginal cost is cost incurred for every additional unit produced, i.e. variable cost = $19, as fixed cost remains constant.
Marginal revenue is additional revenue on sale of every unit = contribution per unit = $6
Marginal cost = $19
Marginal Profit = $6
Cash flow to creditors is the amount of net cash flows (inflow or outflow) to the creditors. Cash flow to creditors is calculated with the help of following formula:
Cash flow to creditors = Repayment of loan/dues to creditors + interest payment – Net borrowings from the creditors
In the given problem we are given only the New Borrowing from creditors $380, hence the Cash flow to creditors shall be Negative $380.
Hence Cash flow to creditors = <u>-$380</u>
Answer:
D, trade show exhibits
Explanation:
With trade show exhibits, Anne is able to reduce cost of selling without losing sales. This is because the trade show exhibits is an opportunity for Anne to shocase her products to a larger audience as well as reduce her cost of selling.
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