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love history [14]
3 years ago
12

How to solve this problem please help me​

Business
1 answer:
Svetach [21]3 years ago
4 0

Answer:

Date                                Particulars Debit Credit

Inventory                                        40,000  

Accounts Payable - Gita                          30,000  

Bank                                                           10,000  

   

Accounts Receivable - Jeewan          7,000  

Sales                                                           7,000  

   

Cost of Goods sold                          10,000  

Inventory                                                      10,000  

   

Accounts Payable - Gita                   15,000  

Discount Received                                      1,000  

Cash                                                              14,000  

   

Cash                                                    6,500  

Discount Received                             500  

Accounts Receivable - Jeewan                       7,000  

Explanation:

It is required to record journal entries of given transactions. It is shown on the question that transactions includes purchase, sales, cash receipts and cash payment.  The first transaction describe that business purchase goods from Gita while in second transaction it shows the business sold goods on Credit. The third transaction indicates business paid cash to accounts payable and received discount. The fourth transaction indicates that business received cash from Jeewan a Receivable and received discount from them.

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Allen’s ark sells 2000 canoes per year at a sales price of 460
NNADVOKAT [17]

Answer:

well, sell 2000 canoes per year at 460.... and de rest?

3 0
3 years ago
When British regulators were forced to suspend the license of a flu vaccine plant in Liverpool operated by the Chiron Corporatio
Jet001 [13]

Explanation:

The answer to this question is contained in the attachment. The graph has been used to explain the solution.

A. As license got suspended price rose to p1 as quantity fell from q to q1.

So quantity decreased and price rose.

B. The area market csps, D ands cs were consumer surpluses , after the decrease in amount of vaccines in the market, consumer surplus decreased to area cs, csps became part of producer surplus. Triangle d is the deadweight loss caused by fall in quantity.

Ps and d' are initial producer surplus. Producer surplus after decrease in vaccine can be seen in ps and csps. D' is the dead weight loss as price decreases.

4 0
3 years ago
The following information is available for Dakota Company: Product 1 Product 2 Sales $1,400,000 $1,800,000 Direct materials (200
xeze [42]

Answer:

$380,000

Explanation:

Particulars                                           Product 1 (Amount)

Sales                                                          $1,400,000

(-) Direct materials                                   ($200,000)

(-) Direct labor                                          ($600,000)

<u>(-) Manufacturing overhead </u>

Batch level ($400,000*20/80)                 ($100,000)

Product line level ($600,000*10/50)       <u>($120,000)</u>

Gross margin                                            <u>$380,000</u>

So, Dakota Company's gross margin for Product 1 using activity based costing is $380,000

6 0
3 years ago
Panda Inc. had total sales of $24,000 from bamboo bowls in 2017. The company sold 6,000 units of bamboo bowls and the total vari
xxMikexx [17]

Answer:

Contribution percent = 75%

Explanation:

Given:

Total sales = $24,000

Total Variable cost = $6,000

Total units = 6,000

Contribution percent = ?

Computation of Contribution :

Contribution = Total sales - Total Variable cost

Contribution = $24,000 - $6,000

Contribution = $18,000

Computation of Contribution percent :

Contribution percent = Contribution / Total sales

Contribution percent = 18,000 / 24,000

Contribution percent = 0.75

Contribution percent = 75%

8 0
4 years ago
Which of the following statement is false? Group of answer choices Financing activities include the obtaining of cash from issui
Lapatulllka [165]

Answer:

Interest payment on bonds payable is a cash outflow from financing activities.

Explanation:

The only statement which is false from the list is : Interest payment on bonds payable is a cash outflow from financing activities.

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6 0
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