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2 years ago

The following information relates to the manufacturing operations of the JNR Printing Company for the year:

Business

1 answer:

goldenfox [79]2 years ago

6 0

Answer:

Raw materials purchased during the year amount to E) $121,000.

Explanation:

The Raw materials purchased during the year can be found by Opening a Raw Materials T - Account.

The Balancing figure for this Account Relates to the Purchase of Raw Materials.

Debits :

Beginning Raw materials inventory $ 57,000

Purchase of Raw Materials (Balancing Figure) $121,000

Totals $178,000

Credits :

Ending Raw materials inventory $ 60,000

Transferred to Manufacturing Account $118,000

Totals $178,000

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2 years ago

Swiss Furniture Company manufactures bookshelves and uses an activityminusbased costing system. The following information is pro

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Answer:

$12.40

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2 years ago

Which is the result of entering a debit in an expense account?

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1 year ago

Barbara got a flat tire and does not have a spare. She needs her car for work, so she goes to a business that offers payday loan

yKpoI14uk [10]

Answer:

Ans. c) The annual percentage rate of the loan is approximately 913%

Explanation:

Hi, well, she borrowed $75 and paid $90 ($75 + $15 fee) in 8 days. So we need to use the following formula to check what 8 days percentage rate was applied to this loan.

$r=\frac{FinalValue}{InitialValue} -1$

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So she pays 20% for 8 days, to know the annual rate (approx.) we need to do the following operation.

$r(Annual)=\frac{0.20}{8Days} *\frac{365Days}{1Year} =\frac{9.13}{1Year}$

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Best of luck.

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2 years ago

Read 2 more answers