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BARSIC [14]
3 years ago
8

Littleton Books has the following transactions during May. May 2 Purchases books on account from Readers Wholesale for $3,600, t

erms 1/10, n/30. May 3 Pays cash for freight costs of $230 on books purchased from Readers. May 5 Returns books with a cost of $300 to Readers because part of the order is incorrect. May 10 Pays the full amount due to Readers. May 30 Sells all books purchased on May 2 (less those returned on May 5) for $4,300 on account. Required: Record the period-end adjustment to cost of goods sold on May 31, assuming the company has no beginning or ending inventory
Business
1 answer:
myrzilka [38]3 years ago
4 0

Answer:

A periodic inventory method is a method where the inventory account is adjusted at the end of each accounting period and not continuously as with the perpetual method. All inventory purchased is recorded to a purchases account. Cost of goods sold is calculated by adding purchases to beginning inventory and then subtracting ending inventory. The following journal entries are examples of how to account for inventory under a periodic management method.

explanation:

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A company that sells running shoes online wants to compare two new marketing strategies. They will test the strategies on 10 wee
PIT_PIT [208]

Answer:

The explanation of the three factors and they conclusion are below.

Explanation:

To begin with, when we talk about experimental units we refer to the entities that the researcher looks forward to make inferences about, so that means that in this case the experimental units of the situation will be all the people who got to visit the website in both schedules, the morning shift and the afternoon shift.

Secondly, the treatments is understood to be the process or the way, it could be said, that the researchers administrate to the experimental units. So that implicates that in this case the treatments will be the morning with its comfort described and the afternoon on the other side with its discounted prices shown.

Finally, the most probable outcomes for this experiments will be that the statics will show how the people interact with the variables and which of them generated more interest, that being either price or comfort. It will also show the behavior of the people when it comes to understand if the tend more to visit the web site at morning or afternoon.

6 0
2 years ago
The borrower in a $238,000 loan makes interest payments at the end of each six months for eight years. These are computed using
yanalaym [24]

Answer:

D = 7980.55

Explanation:

Since the borrower pays in 6 months wich is half a year, we calculate the semi-annual rate = \frac{Annual rate of intrest}{Number of months}

= \frac{0.042}{12}

= 0.0035 = 0.35%

The effective semi-annual rate is, [(0.0035)⁶- 1] = 0.02118461

\frac{D[(1.02118461)^{16}  - 1]}{1.02118461) - 1} + \frac{D[(1.02118461)^{10}  - 1]}{1.02118461) - 1} = 238000

\frac{D(1.398518 - 1)}{0.02118461} + \frac{D(1.233226 - 1)}{0.02118461} = 238000

0.631744D = 238000 * 0.02118461

0.631744D = 5041.937

Therefore D = 7980.55

7 0
2 years ago
Luna wanted to convince the technology department at her company to install new accounting software. Some staff members supporte
Gnom [1K]

Luna realized that the undecided group was her target audience  so she focused most of her effort on them.

<u>Explanation: </u>

A targeted audience is a publication, advertising or other text.   It is a particular group of consumers in the standard target market of marketing and advertising, known as targets or recipients of a specific ad or email.

In the end, it all includes assessing relevance for a target audience profile. You will attract a customer more often if your services and the goods you deliver suit what your audience wants.  

If your customer you want is "everybody," it's very difficult for you to communicate in a deeper way with anyone. The more connected you are to others; the more likely you are to be a protector and a loyal user of your company.

7 0
3 years ago
Your friend wants to open a clothing shop. A necessary capital resource is a
saw5 [17]

Answer: Your friend wants to open a clothing shop. A necessary capital resource is a <u>place to open the shop.</u>

Explanation: Capital is the element constituted by money and infrastructure, which are needed to take advantage of human and natural resources in the productive process, considered as essential by the capitalists, since without money and other economic resources, companies cannot settle and industries, because they need it to have facilities, furniture, machinery, buy raw materials, pay staff, and so on.

6 0
3 years ago
The transatlantic flow of people and goods such as corn, potatoes, horses, and sugarcane is called:
Bess [88]

Answer:

b. the Columbian Exchange.  

Explanation:

The transatlantic flow of people and goods such as corn, potatoes, horses, and sugarcane is called the Columbian Exchange.

The Columbian exchange or interchange, refers to the monumental flow of humans, plants and animals between the continents of North and South America and West Africa; and was named after Christopher Columbus.

The Columbian interchange has been documented to have taken place in the in the 15th and 16th centuries: also referred to as 'the old world'

6 0
3 years ago
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