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3 years ago

12

The journal entry for the purchase of inventory on account using the perpetual inventory system is

1 answer:

alexandr1967 [171]3 years ago

5 0

Answer:

D. Merchandise Inventory xxx

Accounts Receivable xxx

Explanation:

The Journal Entry is shown below:-

Merchandise Inventory A/c Dr, xxx

To Accounts Payable xxx

(Being purchase of inventory on account is recorded)

Therefore inventory is purchased so it will increasing assets, it is debited while accounts payable is increasing liabilities so it is credited.

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The potential loss for a writer of a naked call option on a stock is Multiple Choice increasing when the stock price is decreasi

jok3333 [9.3K]

Answer:

The correct answer will be Option A (unlimited).

Explanation:

The potential loss which always relies on something like a potential occurrence happening or otherwise not happening. One such loss to such a writer's exposed put option on either a stock seems to be indefinite or unlimited.
Unless the loss becomes probable as well as the sum could be calculated, the damage including responsibility must be reported with either the journal entry.

Other available scenarios aren't connected to the situation in question. So alternative A, therefore, the perfect solution.

3 0

3 years ago

Which product is an example of a consumer good? stock share in a tech company dog food for a pet boarding facility paint sprayer

Tamiku [17]

The product that is an example of a consumer good is shop gallon of milk to use in a bowl of cereal. Consumer goods are mostly consumed immediately.

<h3>What are consumer goods?</h3>

Consumer goods are products or goods that are bought for consumption. Consumer goods are mostly finished products from a factory such as buscuit, cereals, milk, bread that can be sell on retail to the consumer.

The products are ate and mostly bought for personal use from a supermarket, store or exhibition.

Most of the consumer products can be consumed without any further processing.

Areas with high rate of consuming consumer products will have economic growth this is because the increase in it's demand help to improve economy.

Therefore, The product is an example of a consumer good is shop gallon of milk to use in a bowl of cereal.

Learn more on product below

brainly.com/question/25922327

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4 0

2 years ago

Tyrone Northrup pays monthly rent of $1,240 for a one-bedroom apartment in a large city. He pays an extra monthly charge of $160

Leona [35]

Answer:

$18,910.00

Explanation:

Monthly rent $1240

Extra monthly charge $160

Electricity $90

Other utilities $860 per year

Insurance $170 per year

The monthly rent per year will be

=$1240 x 12

=$14,880

Parking charges per year

=$160 x 12

=$1,920

Electricity charges per year

=$90 x 12

=$1,080

Other utilities per year

=$860

Insurance per year

=$170

The annual cost will be

=$14,880 + $1,920 + $1,080 + $860 + $170

=$18,910.00

8 0

3 years ago

Suppose that you just purchased 150 shares of XYZ stock for $60 per share. a. If the initial margin requirement is 71.00%, how m

Kisachek [45]

Answer:

$2,610

Explanation:

Calculation for how much money you must borrow.

Using this formula

Amount to be borrowed =( Purchased shares* Per share price*(Initial margin requirement percentage)

Let plug in the formula

Amount to be borrowed= 150 shares*$60 per shares *(1-0.71)

Amount to be borrowed=$9,000*(0.29)

Amount to be borrowed=$2,610

Therefore how much money you must borrow will be $2,610

5 0

3 years ago

postal express is considering the purchase of a new sorting machine. the sales quote consists of quarterly payments of $37,200 f

Cloud [144]

The five-year sales quote includes quarterly payments of $37,200 at a 7.6% interest rate. The price of the acquisition is $614,184.40.

<h3>Do you mean by PMT payment?</h3>

PMT stands for "payment," therefore the name of the function. A PMT method can estimate your monthly payments, for instance, if you are looking for a $30,000 car loan with a two-year term and an annual interest rate of 7%.

<h3>In the fv formula, what is PMT?</h3>

PV = present value, and FV=PMT(1+i)((1+i)N - 1)/i Future Value (FV) Payment per period (PMT) I = percent per period interest rate N is the number of cycles.

Quarterly Payment = PMT = $37,400

Interest Rates = r = 7.6% per year = 0.076 per year = 0.076 / 4 = 0.019 per quarter

Number of years = 5 years

Number of Payment = n = 5 years x 4 quarters per year = 20 quarters

PV = PMT x (1 - [1 / (1 +r)^n]) / r

PV = $37,200 x (1 - [1 / (1 +0.019)^20]) / 0.019

PV = $614,184.40

Learn more about PMT: brainly.com/question/12890163

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5 0

1 year ago