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DiKsa [7]
3 years ago
7

Blossom Inc. Nash Inc. Smith Inc. Beginning inventory $400 $100 (g) $enter a dollar amount 5300 Purchases 1,600 1,080 43,000 Pur

chase returns and allowances 30 (d) $enter a dollar amount 80 (h) $enter a dollar amount 2000 Net purchases (a) $enter a dollar amount 1570 1,000 41,000 Freight-in 100 (e) $enter a dollar amount 200 2,700 Cost of goods purchased (b) $enter a dollar amount 1670 1,200 (i) $enter a dollar amount 43700 Cost of goods available for sale 2,070 1,300 49,000 Ending inventory 300 (f) $enter a dollar amount 200 6,000 Cost of goods sold (c) $enter a dollar amount 1770 1,100 43,000
Business
1 answer:
musickatia [10]3 years ago
8 0

I dont really care g3ruthkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkk

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Exercise 11-2 Blossom Company had these transactions during the current period. June 12 Issued 78,000 shares of $1 par value com
Mekhanik [1.2K]

Answer:

Explanation:

The journal entries are shown below:

1. Cash A/c Dr $292,500        

       To Common Stock $78,000        (78,000 × $1)

       To  Additional Paid-in Capital in excess of par - Common Stock $214,500

(Being the issue of the stock is recorded and the balance remaining is credited to the additional paid-in capital account)

2. Cash A/c Dr $260,000  (2,500 shares × $104)

       To Preferred stock $250,000       (2,500 shares × $100)

        To  Additional Paid-in Capital in excess of par - Preferred Stock $10,000

(Being the issue of the stock is recorded and the balance remaining is credited to the additional paid-in capital account)

3. Treasury stock A/c Dr $7,100

         To Cash A/c $7,100

(Being the treasury stock is purchased for cash)

5 0
3 years ago
Clark corporation has an average collection period of 7​ days, an inventory conversion period of 30​ days, and a payables deferr
Mamont248 [21]

Clark's cash conversion cycle is 37 days.

4 0
3 years ago
You have $10,000 to invest. You want to purchase shares of Alaska Air at $42.56, Best Buy at $51.42, and Ford Motor at $8.56. Ho
abruzzese [7]

Answer:

Alaska  =   46.99 units

Best buy = 58.34 units

Ford Motor =  584.11 units

Explanation:

<em>To determine the unit of each class of stock to purchase, we wll multiply each of the percentages by the total fund to be arrive the proportion of fund to be invested in each class. </em>

<em>Further more, we will  divide the allocated amount by the share price  per unit</em>

Shares to be purchased to have the given proportion would be '

Alaska (20%)  =(20%× 10,000)/42.56=       46.99 units

Best buy (30%)   = (30% × 10,000)/ 51.42 = 58.34 units

Ford Motor (50%) = (50% × 10,000)/ 8.56 =  584.11 units

3 0
3 years ago
When the price is $12 the quantity demanded is 50. When the price increases to $24 the quantity demanded decreases to 30. Calcul
Allushta [10]

Answer:

PED = -0.4 or |0.4| in absolute terms

Explanation:

price elasticity of demand (PED) = % change in quantity demanded / % change in price

  • % change in quantity demanded = [(30 - 50) / 50] x 100 = -40%
  • % change in price = [($24 - $12) / $12] x 100 = 100%

PED = -40% / 100% = -0.4 or |0.4| in absolute terms

the demand is price inelastic since |0.4| < 1

this means that the change in quantity demanded is proportionally less than the change in price.

6 0
3 years ago
Which of the following jobs is in the agriculture career cluster
Bezzdna [24]
What are the options 
8 0
3 years ago
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