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11111nata11111 [884]
3 years ago
6

The owner of bobcats r us paid his personal mastercard bill using a company check. the correct entry to record the transaction i

s __________.
a. credit cash; debit capital
b. credit cash; debit supplies expense
c. credit cash; debit withdrawals
d. credit cash; debit accounts receivable
Business
2 answers:
Basile [38]3 years ago
8 0
The correct answer is C.
just olya [345]3 years ago
4 0

Answer:

The correct answer is: C

Explanation:

A business owned by one person is known as a sole proprietorship. In such a business, the owner's investment is represented by the value of their capital/equity accounts. Any expenses paid by the business on behalf of the owner, or the owner using cash from the business, are represented in the drawings account. This is not an expense account, rather a contra account for the owner's capital/equity account. It effectively reduces the value of the owner's capital account (at the end of the financial period, this account is closed off /debited against the owner's capital account). To record the drawings from the business, the following journal entry is implemented:

Debit           Drawings/Withdrawals    

         Credit            Cash

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Compute the selling price if variable costs are ​$16 per unit. Determine the formula used to calculate the selling price.
dezoksy [38]

Answer: $40

Explanation:

Selling price can be calculated through the contribution margin equation;

Contribution margin = (Selling Price - Variable cost) / Selling Price

Contribution margin = Fixed costs/break-even point

= 660,000/1,100,000

= 60%

60% = (Selling Price - 16) / Selling Price

Selling price * 60% = Selling price - 16

16 = Selling price - (0.6 * selling price)

16 = Selling price * 40%

16/40% = Selling price

Selling price = $40

3 0
3 years ago
Check my work Check My Work button is now enabledItem 10Item 10 10 points Time Remaining 22 minutes 18 seconds00:22:18 You manag
gladu [14]

Answer:

1) 18.4%

2) 27.20%

Explanation:

Solution

To get the Expected return for your fund we have to the percentage of Treasury bill and risk premium. That is,

   T-bill rate + risk premium = 6.4% + 12% = 18.4%

Standard deviation of client's overall portfolio = 0.80 × 34% = 27.20%

5 0
3 years ago
Al invested $7,200 in an account that pays 4 percent simple interest. how much money will he have at the end of five years?
Gre4nikov [31]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
Below are the choices that can be found form other sources:

A. $8,710
B. $8,056
C. $8,640
D. $8,678
E. <span>$8,299
</span>
The amount of money  will he have at the end of five years is C $8,640
4 0
3 years ago
The president of Digital Equipment Corporation discovered that his company was having a problem with counterproductive product g
Liono4ka [1.6K]

Answer:

A. Location

Explanation:

Location departmentalization or departmentalization of location refers to the categorization of jobs on the basis of geographical location or areas. When local departmentalization is applied, there is a structuring or arranging of jobs based on geographical sites or areas. It is a reasonable arrangement for organizations that manufactures and sells goods in different locations. In this case, to foster cooperation within product groups, they are departmentalize from 12 groups to 3 regional management center based on location departmentalization.

5 0
3 years ago
what is a highly coordinated activity that delivers goods and/or services when they are needed? multiple choice just-in-time pro
Julli [10]

Just-in-time production is a highly coordinated activity that delivers goods or services when they are needed.

Just-in-time management is a philosophy, not a method. If the "customer" is the eventual consumer of the product or a process further along the production line, the term originally referred to the manufacturing of goods to precisely fulfill customer demand in time, quality, and quantity.

By minimising the time and resources needed for production operations, JIT increases productivity. More rapid product production is possible thanks to manufacturers.

This simplified strategy can save costs and boost productivity while things are going as usual, but it is vulnerable to changes in supply and demand. JIT production can make manufacturers unable to meet demand when global supply networks are interrupted for a variety of reasons, deepening an economic downturn.

To know more about just-in-time production refer to the given link:

brainly.com/question/28865388?referrer=searchResults

#SPJ4

6 0
1 year ago
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