Answer:
1. Yes; Journal entry
2. Debit- Printing & Stationery Expense $160 (value for 8 boxes)
Credit- Cost of goods sold or Trading account A/c $160
3. Leaves to the cost of goods sold account
Explanation to:
1. Mackalaya used inventory. Remember, inventory is a term used to refer to all the merchandise (goods or products) a company has at the moment in stock.
2. The Journal entry to be made would be
Debit- Printing & Stationery Expense $160 and Credit this value to Cost of goods sold or Trading account A/c section of the Journal entry.
3. Remember, the cost of goods sold cares for all inventory sales, therefore it would be credited with value of the inventory item sold by the company.
In finance and accounting, accounts payable can operate as either a credit or a debit. Because accounts payable is a penalty account, it should have a credit balance.
<h3>Are accounts owed a debit or credit in normal balance?</h3>
Accounts payable (A/P) is a type of penalty account, so it stays on the credit side of the trial balance as the normal balance. It is the amount that we owe to suppliers for the interests or services that we have already acquired but have not paid yet.
Accounts payable (AP) is a short-term debt and a liability on a balance sheet where a corporation owes money to its vendors/suppliers that have provided the business with goods or services on credit.
To learn more about normal balance visit the link
brainly.com/question/15181114
#SPJ4
The answer is:<span> the social values statement </span>
An increase in a consumer's income will increase the slope of the consumer's budget line.
<h3>
What is a budget line?</h3>
- The budget line sometimes referred to as the budget restriction, displays every combination of two commodities that a client is able to afford at the current market pricing and within their specific income range.
- The budget line is a graphical representation of every combination of the two commodities that may be purchased using the given income and cost, with the price of each combination being equal to the customer's monetary earnings.
- It's critical to remember that the slope of the budget line corresponds to the cost-to-volume ratio of two commodities.
- The slope of the budgetary restriction is very significant.
<h3>Increase in the slope of the budget line:</h3>
- A rise in income allows consumers to purchase more of both goods, which causes the budget line to shift outward, or to the right (slope increases).
Therefore, an increase in a consumer's income will increase the slope of the consumer's budget line.
Know more about the slope of the budget line here:
brainly.com/question/14524034
#SPJ4
Answer:
$396
Explanation:
Calculation for the contribution margin per unit sold for recurring sales
Using this formula
Contribution margin per unit = Normal Selling price per unit - (Direct material +Direct labor+Variable factory overhead)-Variable selling & administrative costs
Let plug in the formula
Contribution margin per unit = $750 - ($120+ $150 + $60) - $24
Contribution margin per unit = $750 - $330 - $24
Contribution margin per unit= $396
Therefore the contribution margin per unit sold for recurring sales will be $396
