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bagirrra123 [75]
3 years ago
14

Heidi's Accessories bought 50 necklaces for $10 each on account. The invoice included a 6% sales tax and payment terms of 2/10,

n/30. Five necklaces were returned prior to payment. The entry to record the return would include a debit to
-accounts payable for $50.00 or $53.00
-purchases returns and allowances for $50.00 or $53.00
-
Mathematics
1 answer:
garri49 [273]3 years ago
7 0

Answer:

<u>The correct answer is B. Accounts payable for US$ 53.oo</u>

Step-by-step explanation:

1. Let's recall what is the Journal entry when a company return part of the inventory previously purchased:

Debit

The amount Heidi's accessories owed to the supplier would have been sitting as a credit on the accounts payable account because the invoice has not been payed. In the case of this return, we should debit it because we should diminish the amount due.

Credit

The goods Heidi's accessories are returning and therefore, the asset of inventory decreases. The credit to purchase returns reduces the value of the total purchases. That's why options C and D are incorrect.

2. Now, let's calculate the amount of the return that Heidi's accessories made, this way:

Return = Number of necklaces * Price of each necklace + Sales taxes

Replacing with the real values, we have:

Return = 5 * 10 + (5 * 10) * 0.06

Return = 50 + (50) * 0.06

Return = 50 + 3 = 53

<u>The correct answer is B. Accounts payable for US$ 53.oo</u>

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Answer:

* Elimination; a coefficient in Equation I is an integer multiple of a coefficient in Equation II.

* Elimination; a coefficient in Equation II is an integer multiple of a coefficient in Equation I.

Step-by-step explanation:

Equation I: 4x − 5y = 4

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These equation can only be solved by Elimination method

Where to Eliminate x :

We Multiply Equation I by a coefficient of x in Equation II and Equation II by the coefficient of x in Equation I

Hence:

Equation I: 4x − 5y = 4 × 2

Equation II: 2x + 3y = 2 × 4

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* Elimination; a coefficient in Equation II is an integer multiple of a coefficient in Equation I.

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3 years ago
Read 2 more answers
I NEED HELP ASAP, THAK YOU IN ADVANCED
german

1. If Sheryl works 6.5 hours in a day, she makes approximately 85 currency.

2A. If Sherly had not worked for a single hour, she would get no money.

If she worked for 1 hour, here wage would approximately be equal to 13 currency.

If Sheryl works 9 hours she will make approximately 117 currency.

Step-by-step explanation:

Step 1:

To calculate how much Sheryl makes if she works 6.5 hours a day, we check the graph to see what the y value of the graph is when x =6.5.

When x =6.5, the line falls on y = 85.

So if Sheryl works 6.5 hours in a day, she makes approximately 85 currency.

Step 2:

The two points on the graph are at (0, 0) and (1, 13).

This means that if Sherly had not worked for a single hour, she would get no money.

If she worked for 1 hour, here wage would approximately be equal to 13 currency.

These two statements explain the two points on the graph.

Step 3:

To calculate how much Sheryl makes if she works 9 hours, we must create an equation that represents how much money she makes.

If she earns approximately 13 currency an hour, her wage is y = 13x, where x is the number of hours worked and y is the wage.

When x =9, y = 9(13) = 117.

So if Sheryl works 9 hours she will make approximately 117 currency.

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3 years ago
10. Mr. Guerrero left his house and drove north at an average speed of 40 mph.Two hours later, his daughter Miranda left the hou
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Speed=distance / time  ⇒ distance=time x speed
distance=d
time=t
speed= s

d=s*t

Distance  traveled by Mr Guerrero, when his daugther left the house
Data:
s=40 miles/ hour
t=2 hours
d=40 miles/ hour * 2 hours=  80 miles

Total distance traveled by Mr Guerrero:
d=80 miles + 40 miles/hourt    ⇒d=80+40t      (1)

d=total distance.
s=speed.
t=time spent by Miranda for she overtook her father.

Distance traveled by Miranda.
data:

s=48 miles/ hour
d=total distance.
t=time spent by Miranda for she overtook her father.

d=48 miles/hour * t      ⇒d=48t       (2)

With the equations (1) and (2), we make an system of equations:

d=80+40t
d=48t

We can solve this system of equation by equalization method.

80+40t=48t
80=48t-40t
80=8t
t=80/8=10

d=48t
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Answer: the thistance will be 480 miles.
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