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3 years ago

Dogs R US uses the perpetual inventory system to account for its merchandise.

Business

1 answer:

Lena [83]3 years ago

6 0

Answer:

The journal entry for the return of the merchandise would be:

Dr Merchandise Inventory account 100
Cr Cost of Goods Sold account 100

The journal entry for the the cancellation of the debt would be

Dr Sales Returns and Allowances account 400
Cr Accounts Receivable account 400

Explanation:

A separate journal entry must be made for each transaction since the amounts are different.

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Christie makes changes to her budget at the end of every month. What is her reason for doing this in terms of smart financial pl

mr_godi [17]

<span>A great reason to revise her monthly budget is that Christine can adjust her planning to meet her specific goals. While sticking to long term goals may be a good idea for some, if that is not possible adjusting your budget is a good way to keep track of income and expenses and to make sure that you do not spend more than you should.</span>

4 0

4 years ago

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Which do you think would be more effective for shaping long-term ethical behavior in an organization: a written code of ethics c

-Dominant- [34]

Explanation:

A code of ethics can be defined as a set of rules and guidelines that exist in an organization to regulate the behavior and actions of all employees.

Therefore, there is no way to guarantee that only a formal and written code of ethics is necessary for managers and employees to actually practice ethical behavior.

What will define whether the code of ethics is really implemented in the company is its conduct and positioning in the internal and external environment. There is a way for a company to be unethical and have a complete and not exercised code of ethics.

Therefore, for the organizational culture to be based on the values set out in the code of ethics, it is necessary to have strong ethical leadership, as the leader is responsible for motivating and guiding the actions of employees based on their own example, then in the long term , it can be said that an ethical leadership would be more impactful for the formation of the shared values that form the organizational culture.

7 0

4 years ago

Anthony Herrera recently fulfilled his long-time dream of opening a gym that offers spinning exercise classes for $5.42 per pers

Alik [6]

Answer:

(a) $3.48 per unit

(b) 64.2%

Explanation:

(a) Anthony’s contribution margin per unit:

= Selling price per unit - Variable cost per unit

= $5.42 - $1.94

= $3.48 per unit

Therefore, the Anthony’s contribution margin per unit is $3.48 per unit.

(b) Anthony's contribution margin ratio:

= (Contribution Margin Per unit ÷ Selling Price per unit) × 100

= ($3.48 per unit ÷ $5.42 per unit) × 100

= 0.6420 × 100

= 64.20%

Therefore, the Anthony's contribution margin ratio is 64.2%.

8 0

3 years ago

Suppose Deborah gets a sales bonus at her place of work that gives her an extra $600 of disposable income. She chooses to spend

Mashutka [201]

Answer:

Option (d) is correct.

Explanation:

Suppose Deborah gets a sales bonus at her place of work,

Disposable Income, YD = $ 600

Consumption, C = $480

Savings , S = $ 120

Marginal propensity to consumer, MPC:

= Consumption ÷ Disposable Income

= 480 ÷ 600

= 0.8

Therefore, Deborah marginal propensity to consume (MPC) is 0.80

Option (d)

7 0

4 years ago

Jeremy earned $100,000 in salary and $6,000 in interest income during the year. Jeremy’s employer withheld $11,000 of federal in

Alenkinab [10]

Answer:

Answer is explained below.

Explanation:

Description Amount Computation

(1)Gross Income $106,000 $100,000 Salary+ $6000 Interest income

(2)For AGI Deductions 0

(3)Adjusted Gross Income $106,000 (1) - (2)

(4)Standard Deduction $18350 Head of Household

(5)Itemized deductions $7,000

(6)Greater of standard deduction ($18350) (5)<(4)

and itemized deductions

(7)Taxable Income $87650 (3) + (6)

(8)Income Tax liability $13,790 ($87,650 -$84,200)×24%+$12,962(See tax rate schedule for head of household)

(9)Child Tax credit ($2000)

(10)Tax withholding ($11000)

Income Tax liability $790 (8) + (9) + (10)

4 0

3 years ago

Read 2 more answers