1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
anzhelika [568]
2 years ago
8

Toys R Fun purchased $4,000 of merchandise for resale and paid immediately. To record this transaction, Toys R Fun's accountant

would debit the __________ account and credit the _________ account.
Business
1 answer:
mojhsa [17]2 years ago
8 0

Answer:

Debit Merchandise Inventory and Credit Cash

Explanation:

You made a purchase of merchandise that was paid now so that would increase your merchandise inventory.  Cash is credited because you paid them cash and you cash account decreased.

You might be interested in
A Nike women's-only store in California offers women's running, training, and sportswear products and also contains an in-store
Klio2033 [76]

Answer:

Opportunity cost = $6900 monthly or $82800 yearly.

Explanation:

Opportunity cost = $6900 monthly or $82800 yearly.

The opportunity cost is the gain forgone for the other alternative, or ultimately a loss to acquire other opportunity.

Here, the opportunity cost is gain of $6900 forgone to operate the fitness studio within the store by Nike.

4 0
3 years ago
Sophie Bennett has met the deductible for her doctor's visits. However, her insurance company requires her to pay 20% of all exp
aliina [53]
The correct answer is:  [C]:  "coinsurance" .
___________________________________________________
4 0
2 years ago
What are the main goverment restrictions on sole proprietorships
Dima020 [189]
The main government restrictions on sole proprietorship are as follows:
1.The zoning laws that are put in place specifies the areas of a city or a country where various types of business activities can be pursued.
2. Sole proprietorship has to obtain city or country license before they can operate their businesses.
3. Professional sole proprietorships such as doctors must be licensed by the state.
5 0
3 years ago
The money demand function for an economy is given by (M/P)d = (0.6Y)/(i1/2). If output is 1,000 units, the nominal interest rate
DIA [1.3K]

Answer:

$0.6

Explanation:

Nominal interest rate (i) = 9% = 0.09

Output (Y) = 1,000

Money supply(M) = 1,200

==> (M/P)^d = (0.6Y) / i^(1/2)

==> 1200/P = 0.6*1000 / 0.09^(1/2)

==> 1200/P = 600 / 0.3

==> 1200/P = 2000

==> 1200 = 2000 * P

==> P = 1200/2000

==> P = $0.6

Therefore, the price level is $0.6

6 0
2 years ago
Whats your favorite Song guys
kvasek [131]
Gravity ft. tyler the creator
3 0
3 years ago
Read 2 more answers
Other questions:
  • A food handler, in a hurry to refill drink, cannot find the ice scoop. To prevent cross-contamination, what should the food hand
    5·1 answer
  • When kinko's replenishes its supply of copy paper, it most likely involves a _____ situation?
    8·1 answer
  • What is an advantage of economic specialization?
    10·1 answer
  • Are freight charges contra-asset?​
    13·1 answer
  • Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $360,000 and credit sa
    8·1 answer
  • Other strategies fueling the boom in fast-growing technology services are _____, which, when used correctly, can virally spread
    5·1 answer
  • Presented below is pension information for Ceylan Inc.for the year 2019: Service cost $82,000 Interest on projected benefit obli
    6·1 answer
  • On November 1, 2015, Ybarra Construction Company issued $400,000 of 5-year bonds that pay interest at an annual rate of 5%. The
    7·1 answer
  • Explain the importance of denists and physiotherapists​
    11·1 answer
  • Which of the following is a term for physical goods that are bought and<br> sold?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!