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
Black_prince [1.1K]
3 years ago
5

On April 1, Sharon Lee established Lee's Travel Agency. The following transactions were completed during the month.

Business
1 answer:
Bas_tet [7]3 years ago
7 0

Answer:

Explanation:

Had to use excel for this solution in order to make everything so clear and explanatory. check the picture attached below.  

You might be interested in
Gullett Corporation had $30,000 of raw materials on hand on November 1. During the month, the Corporation purchased an additiona
Bogdan [553]

Answer:

The journal entry to record the purchase raw material would include a debit to raw material of $79000 and credit to Raw materials of $109000..

Explanation:

Since the raw material is coming into the company, we have debit raw material and the opening balance is already there in the books of the business. hence raw materials increases.

7 0
2 years ago
Assembly department of Zahra Technologies had 200 units as work in process at the beginning of the month. These units were 45% c
Tomtit [17]

Answer:

Total equivalent units of material  = 900

Explanation:

<em>Equivalent units are notional whole units which represent incomplete works are used to allocate cost to work in progress and completed units</em>

<em>Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked. </em>

Equivalent unit = Degree of completion × units

Item                           units                                    Equivalent units

Completed units        600         100% × 600  =     600

Closing inventory        300        100%× 300  =      <u>300</u>

Total equivalent units of material                          <u>900</u>

Note simply because materials are added at the beginning of the process, it is assumed that all the quantity required would have been added. Hence the degree of completion for materials is 100% .

8 0
3 years ago
Matias is developing a pricing strategy for his​ start-up company. Market research tells him that there is no elite segment and
kipiarov [429]

Answer:

Penetration Pricing Strategy

Explanation:

The reason is that the penetration strategy is used when the product that the company wants to offer to its customers has very little or no differentiation, which is the case here. It is also helpful in promoting the product as the product is sold at lower prices helps to attract potential customers to buy the product. So setting a penetration price is itself a promotion strategy as well.

3 0
3 years ago
Claude purchased raw land three years ago for $1,500,000 to develop into lots and sell to individuals planning to buildtheir dre
dmitriy555 [2]

Answer and Explanation:

Clude had purchased the raw land three years ago for $150000 and treated it like a inventory. she constributed the property to south peak investments LLC in exchange for 10% profit interest. but south peak will hold it for investment purpose.

a) after 4 years from Cludes contribution south peak sells the land for $3000000 the gain would be $3000000 - 1500000 = 1500000. the character is of long term capital gains since ths LLC held ot as investment asset

b) if south peak sells the asset after 5 years six months then also the gain would be sa,e and character would be same since LLC has held the asset fore investments purpose and at the same time its holding period is above one year.

3 0
3 years ago
__________ is the manufacturing strategy that has the shortest / fastest lead time (i.e., the manufacturing strategy that will p
borishaifa [10]

Answer:

The answer that you need is: MTS

5 0
3 years ago
Other questions:
  • Charley has a typing service. he estimates that a new computer will result in increased cash inflow $1,600 in year 1, $2,000 in
    10·1 answer
  • Managers establish a shared vision in order to motivate and inspire a group movement toward that vision. select one:
    15·1 answer
  • Assuming a 24 hour operation in a warehouse, and an arrival following Poisson distribution with mean rate of 36 per day and serv
    13·1 answer
  • Research results showed that experimental Drug R had a minimal-to-modest effect in reducing the symptoms of Generalized Anxiety
    13·1 answer
  • The periodic expensing of an asset over the property's theoretical economic life is referred to as what
    8·1 answer
  • ___________ is a phenomenon in which the project manager spends more time documenting project tasks, collecting performance meas
    7·1 answer
  • Identify at least one cost and one benefit of both the trustee and delegate models.
    12·1 answer
  • What questions do you hope to answer about career exploration as you study this course
    11·1 answer
  • 2. Efficiency and effectiveness (Connect, Perform) Read the scenario and then complete the sentence with the correct term. Manag
    15·1 answer
  • The preventative maintenance plan for your automobile is $896. If you were required to replace your battery and starter for $98
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!