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
Please can u explain 5 types of ledgers​
horsena [70]

Answer:

1. Sales ledger

2. Purchase ledger

3. Cash ledger

4. General ledger

8 0
3 years ago
Read 2 more answers
Disposable personal income is A. personal income minus indirect business taxes. B. national income minus depreciation. C. person
Anni [7]

Answer:

C. personal income minus personal taxes.

4 0
3 years ago
Using the vendor that all Camp Bow Wow franchises use, which gives a volume discount, purchase additional ramps, tunnels, and po
kari74 [83]

Answer:

c. High Performance

Explanation:

5 0
3 years ago
Cruella Inc. owns 85% of Horace Co. During 20X9, Cruella sells goods to Horace with a 25% gross profit. Horace sold all of these
vovangra [49]

Answer:

Option A is the correct answer,no adjustment is needed.

Explanation:

When related companies sell to each other,the sales transaction is not sales in actual sense,as it is likened to the left hand of an individual exchanging cash with the right hand,in other words, the cash is still owned by the same person.

The same concept is applicable to subsidiaries and parent,the sales recorded from a group perspective is when they sold to external third parties.

When sales happen between related companies, a provision for unrealized profits has to be made to the tune of inventory purchased from related companies  not yet sold externally,as the whole of the goods have been to third parties, no such provision or adjustment is required.

4 0
3 years ago
Read 2 more answers
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that fa
brilliants [131]

Answer:

See below

Explanation:

With regards to the above, the predetermined overhead rate is computed below.

Predetermined overhead rate = Estimated factory overhead cost / Estimated direct labor hours

Given that;

Estimated factory overhead cost = $341,900

Estimated direct labor hours = 48,900

Therefore,

Predetermined overhead rate per direct labor hour

= $341,000 / 48,900

= $6.97 per direct labor hour

3 0
3 years ago
Other questions:
  • 45. Consider a small economy in which consumers buy only two goods: pretzels and cookies. In order to compute the consumer price
    8·1 answer
  • If a perfectly competitive firm can sell a bushel of soybeans for $25 and it has an average variable cost of $26 per bushel and
    13·1 answer
  • If a country's money losses its function as a store of vaule?
    8·1 answer
  • If the selling price is $22 per unit, what is the contribution margin per unit sold? (round your answer to 2 decimal places.)
    5·1 answer
  • Eileen, a manager at an international restaurant chain, wants to know if it will be most cost effective to buy 1,000 pounds of s
    7·1 answer
  • Brian is a truck driver who delivers products throughout Massachusetts. His friend Chris is a traffic planner for the same state
    11·2 answers
  • Assume the economy is operating at full employment. If the economy enters a sudden economic expansion, the quantity of money ava
    11·2 answers
  • Krisp Systems decides to move production to a developing country where they are free to pump pollutants into the atmosphere with
    12·1 answer
  • Question Mode Multiple Choice Question Preferred stockholders: Multiple choice question. have the right to receive dividends onl
    6·1 answer
  • The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!