Answer:
Journalize the following transactions for Pharoah Company.
Explanation:
1.
Supllies 1050
Cash 1050
5.
Retained earnings 440
dividen Payable 440
7.
Cash 5800
deferred revenue 5800
16.
Cash 800
Account receivable 800
33.
Equipment 3300
cash 1250
Account payable 2050
The number of additional items that Belle Co. purchased is equal to 27. That is, 7 + 8 + 12 which is equal to 27. The concept of LIFO is "Last In First Out" which means that the ones that has been purchased last should be dispensed off first.
The company sold 31 units. 27 of this is already the newly purchased ones and 4 came from the beginning inventory leaving the number of items to only 8 sets of paint for $1.5.
The cost of the ending inventory is,
I = 8($1.5) = $12
The answer is letter C. $12.00.
Answer:
Fixed costs= $2,600
Explanation:
Giving the following information:
January 6,400 $5,980
February 7,000 $6,400
March 4,000 $5,000
April 6,900 $6,330
May 9,000 $8,000
June 7,250 $6,575
<u>To calculate the fixed costs under the high-low method, we need to use the following formulas:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (8,000 - 5,000) / (9,000 - 4,000)
Variable cost per unit= $0.6 per unit
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 8,000 - (0.6*9,000)
Fixed costs= $2,600
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 5,000 - (0.6*4,000)
Fixed costs= $2,600
Answer:
retained earnings 175,500
common stock 48,750
paid in excess of par 126,750
Explanation:
The diivdends are 15% so we multiply this by the shares outstanding to know the amount of shares:
65,000 x 15% = 9,750 shares
Then we multiply by the market value to know the amount needed:
9,750 x $18 market value = $175,500 stock dividends
The common stock will be 9,750 at par
and the remainder will be paid in excess.
9,750 x 5 = 48,750 CS
175,500 - 48,750 = 126,750
Answer:
Omnichannel distribution
Explanation:
Omnichannel distribution from the Latin word "Omni" could mean every distribution.
Omnichannel distribution is a type of distribution that allows customers to make an order online through their phones and laptops and make purchases in a brick-and-motar store. It provides customers with various options of making purchases.
Omnichannel distribution enhances good customer relations and it provides customers with different Shopping experiences. It makes it easier for customers to make an order as well as make a complaint.
It is a method of distribution, promotion and marketing of goods to customers using various medium such as phone calls, emails, websites, mobile applications, brick-and-motar store.
