1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
konstantin123 [22]
3 years ago
6

The Wilson Company purchased $35,000 of merchandise from the Poole Wholesale Company. Wilson also paid $2,800 for freight costs

to have the goods shipped to its location.Which of the following statements regarding the necessary entries for the transactions is true? Wilson uses a perpetual inventory system.
A. Total debits to the inventory account would be $37,800.
B. Total debits to the inventory account would be $35,000.
C. Transportation-in would be debited for $2,800.
D. Total debits to the inventory account would be $2,800
Business
1 answer:
Olin [163]3 years ago
4 0

Answer:

Option A, total debits to the inventory account would be $37,800, is correct

Explanation:

The cost of the merchandise inventory to Wilson Company is the cost of the inventory purchased and the freight-in cost.

In other words, the amount to be recognized in merchandise inventory account is the sum of both amounts i.e $35,000+$2800=$37,800

This would be debited to merchandise inventory and $2,800 would be credited to the cash account while $35,000 is credited to accounts payable

You might be interested in
According to the box, "Will Strategy Robots Replace Managers?", with robots having the capabilities to do a multitude of busines
musickatia [10]

Answer:

The options for this question are the following:

A. Companies do not want to eliminate all jobs at once.

B. Machines cannot do the jobs of humans, like recommend cancer cures or make banking decisions.

C.  There is a level of reasoning and strategy that only humans have the ability to do.

D. Machines are only useful in manufacturing duties.

The correct answer is C. There is a level of reasoning and strategy that only humans have the ability to do.

Explanation:

There are two variables that limit machines. One is the excessive consumption of energy that some devices require to carry out their activities.

For example, some prototypes that simulate some everyday human tasks, such as walking or doing housework, typically have a battery life of 15-20 minutes.

The second has to do with the costs of incorporating high-end computers that allow robots to recognize spaces and make decisions on the go.

“For a human being it is easy to identify if he is in a room, a room or a hall. Robots need cameras and computers to process that information, "adds Ramírez.

To understand that point, a relationship must be established: a home computer has four cores to process information. However, artifacts of up to 50 cores are needed to perform these space recognition operations in a timely manner, which would increase the cost of robot production.

7 0
3 years ago
A __________ processing system is the basic business system that serves the operational level (analysts) and assists in making s
ratelena [41]

Answer:

operating? ndnd

Explanation:

3 0
3 years ago
Read 2 more answers
Downsizing describes the practice of companies shifting their production overseas.
quester [9]
Downsizing is the reduction of employees in a company's payroll. It involves the elimination of some positions and thus reducing the operational cost of the company. The given statement "Downsizing describes the practice of companies shifting their production overseas" is false. Downsizing does not<span> describe the practice of companies shifting their production overseas</span>
3 0
3 years ago
The present value of a future amount of money is the amount ​that, if invested​ today, will grow to be as large as that ​ _____
svetlana [45]

Answer: A. Present; B. Taken; C. Future; D. Present

Explanation:

The present value of a future amount of money is the amount ​that, if invested​ today, will grow to be as large as that ​present amount when the interest that it will earn is​ taken into account.

The calculation that we use to convert a​ future amount of money to its​ present value is called discounting.

8 0
3 years ago
5) Big Corporation had the following sales over the last 4 years; Year Sales (in 000s) bgs 1 225.00 2 236.25 3 243.125 4 248.00
babymother [125]

Answer:

5%

Explanation:

a) What was the growth rate in sales between years 1 and 2

Growth rate measures the increase in the level of sales over a period of time

Growth rate from year 1 to 2 = (increase in sales from year 1 to 2 / sales in year 1) x 100

increase in sales from year 1 to 2 = 236.25 - 225 = 11.25

(11.25 / 225) x 100 = 5%

6 0
3 years ago
Other questions:
  • Sales and marketing activity in international markets can be blocked by ______, which emphasize a country’s interests above all
    15·1 answer
  • What must two people who want to trade with each other have in a barter economy?
    13·1 answer
  • Nguyen's Sporting Goods is having difficulty obtaining the credit it needs to expand. What should the company do in order to all
    11·1 answer
  • "Scott Manufacturing Co.'s static budget at 10,000 units of production includes $40,000 for direct labor and $4,000 for electric
    10·1 answer
  • What are the three legal forms of business organization? What are the advantages and disadvantages of each one
    6·1 answer
  • Monica, 22 just started working full time and plans to deposit $3,000 annually into a roth ira earning 12 percent interest compo
    12·1 answer
  • A sudden increase in inflation, ceteris paribus, a. Raises the real income of lenders relative to borrowers. b. Raises the CPI a
    7·1 answer
  • Sam​ Snead, the owner of​ Snead's Fine Golf​ Wear, used $1800 of his personal funds to go on vacation. Which of the following is
    15·1 answer
  • The​ "Truth in Savings​ Law" requires banks to advertise their rates on investments such as CDs and savings accounts as annual p
    7·1 answer
  • If u had a choice would you help have dying family member of be a multi-millionaire
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!