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Tamiku [17]
3 years ago
11

Johnson Goods, a U.S. company is exporting to Watanabe Trading, a Japanese importer. The two parties agree on a draft, but Johns

on Goods wants it to be a draft that is payable on presentation to Watanabe Trading. Johnson Goods is asking for a(n)
Business
1 answer:
nasty-shy [4]3 years ago
3 0

Answer: Slight Draft

Explanation:

Johnson Goods is asking for a SLIGHT DRAFT which is a bill of exchange whereby the exporter holds the rights of the goods being exported until the importer receives it after which the importer then signs for the good and only then pays for it.

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Which of the following accounts are closed at the end of the year?A. accounts receivableB. retained earningsC. salaries expenseD
yarga [219]

Answer:

C. salaries expense

D. service revenue

Explanation:

All temporary accounts need to be closed off at the end of the year. Temporary accounts are accounts that both begin and end the period with a $0 balance so that they do not get mixed up with figures from the next period.

Items in the income statement such as revenue and expenses are closed at year end and will form part of the Retained earnings account as they would have been accounted for in the net income.

Salaries expense and service revenue will therefore be closed at the end of the year.

6 0
3 years ago
Under which market structure does the action of one firm have a spillover effect on the decisions of other firms?
irina [24]

I believe the answer is: Monopoly

In monopoly, the power to determine the price of a certain type of product fall to the hands of a single company. Which means, every single actions that made by this company would force other firms to conform since they do not possess enough resources to challenge this controlling company.

5 0
3 years ago
Saira's Maid Service began the year with total assets of $120,000 and stockholders' equity of $40,000. During the year the compa
Whitepunk [10]

Answer:

$110,000

Explanation:

Calculation for How much was stockholders' equity at the end of the year

Beginning balance of stockholders' equity $40,000

Add net income $90,000

Less the dividends paid ($20,000)

Ending stockholders' equity $110,000

Therefore How much was stockholders' equity at the end of the year is $110,000

5 0
2 years ago
Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials $ 25,100 $ 21,100
tamaranim1 [39]

Answer:

                        Bledsoe Corporation

Schedule of Cost of goods manufactured

Particulars                                      Amount

Direct materials:  

Beginning material inventory        $25,100.00  

Add: Purchases                              <u>$72,100.00</u>

Raw material available for use      $97,200.00  

Less: Ending material inventory    <u>$21,100.00</u>

Raw material used in production   $76,100.00  

Less: Indirect material                     <u>$4,010.00   </u>   $72,090.00

Direct labor                                                             $92,100.00

Manufacturing overhead applied                          <u>$41,100.00</u>

Total manufacturing costs                                      $205,290.00

Add: Beginning WIP                                                <u>$17,100.00</u>

Total cost of work in process                                 $222,390.00

Less: Ending WIP                                                     <u>$10,100.00</u>

Cost of goods manufactured                                 <u>$212,290.00</u>

                Bledsoe Corporation

                 Schedule of COGS

Particulars                                                    Amount

Cost of goods sold:

Beginning finished goods inventory        $48,100.00

Add: Cost of goods manufactured           <u>$212,290.00</u>

Cost of goods available for sale               $260,390.00

Less: Ending finished goods inventory    <u>$56,100.00</u>

Unadjusted cost of goods sold                 $204,290.00

Add: Underapplied overhead                   <u>$1,010.00   </u>($42,110 - $41,100)  

Adjusted cost of goods sold                    <u>$205,300.00</u>

3 0
2 years ago
A wealth gap is an economic difference between
horrorfan [7]

Answer:

B. Economic classes

Explanation: its correct on eadg

7 0
3 years ago
Read 2 more answers
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