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3 years ago

How did economic changes affect everyday life during the 1930s

Business

1 answer:

Tpy6a [65]3 years ago

7 0

Answer:

Explained below:

Explanation:

During the economic changes in 1930, people were hardly surviving. Many of the people were losing their jobs, even their residence. There was hardly enough food to eat or water to drink or cloth to wear. In that circumstance, people were dying off. Most of the banks shut down and people's accounts were cleaned out and became helpless in almost every way.

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Concord Industries purchased $9,100 of merchandise on February 1, 2020, subject to a trade discount of 10% and with credit terms

marishachu [46]

Answer:

Explanation:

The journal entries are shown below:

a. Merchandise Inventory A/c $8,190

To Accounts payable A/c $8,190

(Being goods purchased on credit)

The computation after applying discount is shown below:

= Purchase amount - purchase amount × trade discount percentage

= $9,100 - $9,100 × 10%

= $9,100 - $910

= $8,190

b. Accounts payable A/c $2,610

To Merchandise Inventory A/c $2,610

(Being goods returned is recorded)

The computation after applying discount is shown below:

= Purchase amount - purchase amount × trade discount percentage

= $2,900 - $2,900 × 10%

= $2,900 - $290

= $2,610

c. Accounts payable A/c Dr $5,580 ($8,190 - $2,610)

To Cash A/c $5,412.60

To Merchandise Inventory A/c $167.40 ($8,190 - $2,610) × 3%

(Being due amount is paid and remaining balance is credited to the cash account)

3 0

4 years ago

Zurasky Corporation is considering two alternatives: A and B. Costs associated with the alternatives are listed below: Alternati

allochka39001 [22]

Answer: $57,600

Explanation:

The differential Cost of Alternative B over Alternative A can be calculated by subtracting the various costs of Alternative B from A and then summing them up.

Materials

= Alternative B costs - Alternative A Costs

= 56,000 - 24,000

= $32,000

Processing Costs

Alternative B costs - Alternative A Costs

= 30,000 - 30,000

= $0

Equipment Rental

= Alternative B costs - Alternative A Costs

= 28,100 - 10,200

= $17,900

Occupancy Costs

= Alternative B costs - Alternative A Costs

= 26,800 - 19,100

= $7,700

Adding them all up we get,

= 7,700 + 17,900 + 32,000

= $57,600

$57,600 is the differential cost of Alternative B over A.

8 0

3 years ago

A bicycle manufacturer purchases bicycle seats from an outside supplier for $22 each. The manufacturer’s inventory of seats turn

In-s [12.5K]

Answer:

$0.48 or 48.7

Explanation:

The following are the steps taken

A Bicycle manufacturer bought bicycle seats from an outside supplier = $22 each

Inventory seats for the manufacturing turns over at =1.2 times per month

The manufacturer annual holding inventory cost is =32%

Then

(Holding cost = ($22 COGS/1.2 turns) × (32% annual holding)

Therefore

(Holding cost = ($22 COGS/1.2 turns) × (32% annual holding/12 months)

= 48.7 or $0.48

The Inventory holding cost for a bicycle seat is =$0.48

6 0

4 years ago

A short-run Phillips curve shows an inverse relationship between interest rates and borrowing A. inflation and unemployment B. i

Gala2k [10]

Answer:

Inflation and unemployment.

Explanation:

Philips curve represents the trade off between inflation and the unemployment.

It shows that there is an inverse relationship between the inflation and the unemployment. This means that if a nation wants to reduce the unemployment then it have to accept the higher rate of inflation and on the other hand, if a nation wants to lower down inflation then it have to accept higher rate of unemployment.

4 0

3 years ago

A document certifying ownership of part of a corporation is a

Alina [70]

Answer:

a document certifying ownership of part of a corporation is a stock certificate

6 0

3 years ago