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nydimaria [60]
3 years ago
10

​Rachel's Beach Shoppe charges tourists to use their credit cards to purchase merchandise at the vacation store. On​ Monday, Rac

hel sold $ 1 comma 500$1,500 in merchandise to tourists that used their credit cards to purchase beachwear at the store. The bank charges​ Rachel's store 1.41.4​% of the total credit card purchases per day to settle the credit transactions. What is the total deposit Rachel expects the bank to deposit into her account after the total bank fees and charges are taken out of the credit purchases on​ Monday?
Business
1 answer:
olga2289 [7]3 years ago
5 0

Answer:

$1,479

Explanation:

For computing the total deposit, first we have to determine the bank charges which is shown below:

= Merchandise sold × bank charges rate

= $1,500 × 1.4%

= 21

Now the total amount deposited would be

= Merchandise sold - bank charges

= $1,500 - $21

= $1,479

Simply we deduct the bank charges from the Merchandise sold so that the correct amount can come.

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Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual in
k0ka [10]

Answer:

Nov 05

Dr Merchandise inventory 9,000

Cr Accounts payable 9,000

Nov 07

Dr Accounts payable 350

Cr Merchandise inventory 350

Nov 15

Dr Accounts payable 8,650

Cr Merchandise inventory 346

Cr Cash 8,304

Explanation:

Preparation of Journal entries

Based on the information given we were told that on Nov. 5 the company Purchased 900 units of product at the amount of $10 per unit which means that the Journal entry will be:

Nov 05

Dr Merchandise inventory 9,000

Cr Accounts payable 9,000

(900 units *$10 per units)

Based on the information given we were told that the company on Nov. 7 Returned 35 defective units from the the month of November 5 purchase in which they received full credit which means that the Journal entry will be:

Nov 07

Dr Accounts payable 350

Cr Merchandise inventory 350

(35*$10 per units)

Based on the information given we were told that the company on Nov. 15 Paid the amount of money due from the month of November 5 purchase in which they minus the return on November 7 which means that the Journal entry will be:

Nov 15

Dr Accounts payable 8,650

(9,000- 350)

Cr Merchandise inventory 346

(4%*8,650)

Cr Cash 8,304

(8,650-346)

8 0
3 years ago
Determine if the research is deductive or inductive: - If because of analysis of data collected, one infers that the problem of
postnew [5]

Answer:

1. Deductive

2. Inductive

3. Deductive

Explanation:

Deductive research is a form of reasoning that stems from existing theories that can be tested. Data is collected to test a theory and the results are analyzed. The first and third scenarios are deductive research works because there are existing theories or data that can be worked on. In the first instance, data on issues of turnover already exist. In the third scenario, there were theories to explain gender differences.

Inductive research proposes a theory after observation. This is applicable in the second instance where the manager proposes the theory that relates distance to absenteeism after close observation.

5 0
3 years ago
Which of the following are miscellaneous taxes?
777dan777 [17]

Answer:

A) Hunting license fees

B) License plate fees

D) Marriage license fees

Explanation:

A miscellaneous tax is any tax levied other than incomes taxes or transfer taxes (e.g. excise taxes including sales and gasoline taxes, real estate transfer taxes, estate taxes, gift taxes). Transfer taxes are paid when the ownership of a property (including goods and services) is transferred from one person to another.

Sales taxes and gasoline taxes are both excise taxes, therefore they fall under the category of transfer taxes.

Inheritance taxes are called estate taxes, which also fall under the category of transfer taxes.

6 0
3 years ago
Six-membered cyclic hemiacetals and five-membered cyclic hemiacetals are called, respectively, ________. six-membered cyclic hem
cestrela7 [59]

Six-membered cyclic hemiacetals and five-membered cyclic hemiacetals are called, respectively, <u>none of the above</u>.

<u>Explanation:</u>

Pyranoses and furanoses are the terms used to mention the six-membered cyclic hemiacetals and five-membered cyclic hemiacetals respectively.

Pyranose is a saccharide having a chemical structure that includes a six-membered ring. One oxygen atom and five carbon atoms are present in the six-membered ring. The external part of the ring may have some carbons.

The carbohydrates having a chemical structure with a five-membered ring system is known as furanoses. One oxygen atom and four carbon atoms and are present in the five-membered ring system. There is no chance of double bonds in the furanose ring.

5 0
3 years ago
A firm that uses an international division structure sometimes experiences intra-organizational conflict because ________. Grupo
valkas [14]

Answer:

more resources and management attention tend to get channeled toward the international division than toward the domestic divisions

Explanation:

A firm that uses an international division structure sometimes experiences intra organizational conflict because MORE RESOURCES AND MANAGEMENT ATTENTION TEND TO GET CHANNELED TOWARD THE INTERNATIONAL DIVISION THAN TOWARD THE DOMESTIC DIVISIONS.

4 0
3 years ago
Read 2 more answers
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