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3 years ago

1. Which task is performed by a book - Keeper

Business

1 answer:

zmey [24]3 years ago

6 0

Answer:

Explanation:

A book-keeper is an employee hired for keeping a day-to-day record of financial transactions in ledger. The book-keeper performs the task of book-keeping of financial transactions of a company or enterprise.

The financial transaction includes sales, purchases, payments, etc. These enteries are recorded in a general ledger. This entering of financial transactions has to be done on daily basis.

Thus the correct answerr is option B.

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True or False

Ilya [14]

False lolllll I have to write more

6 0

3 years ago

Rubin Enterprises had the following sales-related transactions on a recent day:

spayn [35]

Answer:

Transaction a

Debit : Account Receivable $27,500

Credit : Sales Revenue $27,500

Transaction b

Debit : Cash $5,875

Credit : Deferred Revenue $5,875

Transaction c

Debit : Sales Revenue $1,500

Credit : Account Receivable $1,500

Transaction d

Debit : Deferred Revenue $5,875

Credit : Sales Revenue $5,525

Credit : Discount received $350

Explanation:

The journals have been prepared above.

8 0

3 years ago

During 2018, TRC Corporation has the following inventory transactions.

Soloha48 [4]

Answer:

Results are below.

Explanation:

Giving the following information:

Jan. 1 Beginning inventory 48 $40 $1,920

Apr. 7 Purchase 128 42 5,376

Jul. 16 Purchase 198 45 8,910

Oct. 6 Purchase 108 46 4,968

For the entire year, the company sells 427 units of inventory for $58 each.

Ending inventory units= 482 - 427= 55

1)

Under the FIFO (first-in, first-out) method, the ending inventory is calculated using the cost of the lasts units remaining in inventory.

Ending inventory= 55*46= $2,530

COGS= 48*40 + 128*42 + 198*45 + 53*46= $18,644

Revenue= 427*58= $24,766

Gross profit= 24,766 - 18,644= $6,122

2)

Under the LIFO (last-in, first-out) method, the ending inventory is calculated using the cost of the firsts units remaining in inventory.

Ending inventory= 48*40 + 7*42= $2,214

COGS= 108*46 + 198*45 + 121*42= $18,960

Revenue= 427*58= $24,766

Gross profit= 24,766 - 18,960= $5,806

3)

First, we need to calculate the weighted-average cost:

weighted-average cost= (40 + 42 + 45 + 46) / 4= $43.25

Ending inventory= 55*43.25= $2,378.75

COGS= 427*43.25= $18,467.75

Revenue= 427*58= $24,766

Gross profit= 24,766 - 18,467.75= $6,298.25

6 0

2 years ago

The Levi Company issued $100,000 of 12% bonds on January 1 of the current year at face value. The bonds pay interest semiannuall

lesya [120]

Answer:

$120

Explanation:

Interest Expense on the Bonds payable is the coupon payment plus any amortized discount. As in this question there is no amortized discount because the bonds are issued on the par value.

As er given data

Face Value = $100,000

Coupon payment = $100,000 x 12% = $120 annually = $60 semiannually

Interest Expense for the year = Interest Paid on June 30 + Interest Paid on December 31

Interest Expense for the year = $60 + $60 = $120

7 0

3 years ago

A consumer has $180 in monthly income to spend on two goods, D and G, where D is on the y-axis. The price of good D, PD is $6, a

olga2289 [7]

Answer:

The number of units of good G that can be purchased if all income is used to purchase good G is 15 units.

Explanation:

Since D is on the y-axis, indicating G is on the x-axis, the formula for calculating the marginal rate of transformation (MRT) is given as follows:

MRT = - PG / PD …………………. (1)

Where:

MRT = Marginal rate of transformation = -2

PG = Price of good G = ?

PD = Price of good D = $6

Substituting the relevant values into equation (1) and solve for PG, we have:

-2 = - PG / $6

PG = -2 * (-6) = $12

Therefore, we have:

Number units of good G if all income is spent on it = Monthly income / PG = $180 / $12 = 15

Therefore, the number of units of good G that can be purchased if all income is used to purchase good G is 15 units.

7 0

2 years ago