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
ASHA 777 [7]
3 years ago
8

Purchase-Related Transactions Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $23,500, terms n

/30. The cost of the merchandise sold is $14,100. Showcase Co. issues a credit memo for $4,200 for merchandise returned prior to Balboa Co. paying the original invoice. The cost of the merchandise returned is $2,500. a. Journalize Balboa Co.’s entry for the purchase. b. Journalize Balboa Co.’s entry for the return of the merchandise for credit. c. Journalize Balboa Co.’s entry for the payment of the invoice.
Business
1 answer:
Tatiana [17]3 years ago
3 0

Explanation:

The journal entries are shown below:

a. Inventory Dr $23,500

           To Account payable $23,500

(Being inventory purchased on credit)

b. Account payable Dr $4,200

              To Purchase return $4,200

(Being the return of the inventory is recorded)

c. Account payable Dr $19,300

           To Cash $19,300

(Being the payment of the invoice is recorded)

You might be interested in
A Japanese insurance company purchases U.S. government securities. From the perspective of the United States, the balance of tra
Helga [31]

Answer:

a. not change; improve

Explanation:

Balance of trade is the difference in value over a period of time between a country’s imports and exports of goods and services,  usually expressed in the unit of currency of a particular country (e.g., dollars for the United States, yen for the Japan).

Balance of payments record the receipts and payments of the residents of the country in their transactions with residents of other countries.

A Japanese insurance company purchases U.S. government securities. From the perspective of the United States, the balance of trade with Japan will not change and the balance of payments with Japan will improve.

7 0
3 years ago
The management of Nebraska Corporation is considering the purchase of a new machine costing $490,000. The company's desired rate
ankoles [38]

Answer:

The payback period is more than 5 years

Explanation:

Net present value is the Net value of all cash inflows and outflows in present value term. All the cash flows are discounted using a required rate of return.

Year  Cash flow    PV factor   Present Value

0       ($490,000)       1              ($490,000)

1         $40,000       0.909         $36,360

2        $10,000        0.826         $8,260

3        $120,000      0.751          $90,120

4        $90,000       0.683         $61,470

5        $180,000      0.621        <u> $111,780 </u>

Net Present Value                   ($182,010)

NPV of this Investment is negative so, it is not acceptable.  

Payback period

Total Net cash inflow of the investment is $440,000 and Initial investment is $490,000. This investment will take more than 5 years to payback the initial investment.

6 0
3 years ago
You own shares in a well-managed and diversified company. If a bustling economy increases investors' concerns about market risk,
Soloha48 [4]

Answer:

C. Increase

Explanation:

A bustling economy will make individuals want to take advantage of the opportunity. It’s however normal for prices of a good or service to increase when there is a huge demand for it.

In this case there was a boom in the economy which means the price of the shares he owns in the company will increase.

3 0
3 years ago
Lever Brothers is considering an idea for a new liquid laundry detergent that contains a whitening agent. The company presented
Harlamova29_29 [7]

Answer:

<em>e. concept testing.</em>

Explanation:

Concept testing is the method of determining the likely reaction of the consumer to a product idea prior to advertising.

The purpose of concept testing is to verify that a product idea is superior over competitive solutions to help consumers get a job done through a work-to-be-done lens.

We need to know what measures consumers use to assess the successful implementation of the work-to-be-done to make this decision.

The concept testing procedures succeed because such consumer measures are developed around them.Using this approach is the only idea test method and is an important step in our cycle of development, Outcome-Driven Development (ODI).

3 0
3 years ago
White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is ​$148 p
Stolb23 [73]

Answer:

A) a 23.5% decrease in materials

B) a 64% decrease in labor costs

C) a 29.1% decrease in overhead

Explanation:

White Tiger's multifactor productivity = $300 / $148 = 2.027

if we want to increase the multifactor productivity by 12%, it will = 2.27

since we will not change the sales price, we must determine the new total cost:

$300 / cost = 2.27

cost = $300 / 2.27 = $132.16 ≈ $132, which represents a $16 decrease

A) materials ⇒ $16/$68 = 23.5%

B) labor costs ⇒ $16/$25 = 64%

C) overhead ⇒ $16/$55 = 29.1%

4 0
3 years ago
Other questions:
  • A(n)__________ is a team intentionally composed of employees from different departments of an organization.
    13·2 answers
  • Adventure holidays sells thousands of tour packages each month through its branches. a branch manager's salary would be a(n) ___
    8·1 answer
  • A government security issued in minimum units of $1,000 with a 10-year to 30-year maturity is called a_____________.
    15·1 answer
  • What can​ low-income countries do in order to increase the amount of loanable funds available to firms for investment projects s
    10·1 answer
  • Which of the following measures the amount of data that might be potentially lost as a result of a system failure? Recovery Time
    9·1 answer
  • The cash account for Stone Systems at July 31, 20Y5, indicated a balance of $12,350. The bank statement indicated a balance of $
    6·1 answer
  • Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Har
    11·1 answer
  • Recommend four ways to deal with complainer in the work place
    7·1 answer
  • During recessions investment
    14·1 answer
  • An increase in the expected inflation rate, other things remaining the same?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!