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exis [7]
3 years ago
5

Nov. 1 Dollar Store purchases merchandise for $1,600 on terms of 2/5, n/30, FOB shipping point, invoice dated November 1. 5 Doll

ar Store pays cash for the November 1 purchase. 7 Dollar Store discovers and returns $100 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund. 10 Dollar Store pays $80 cash for transportation costs for the November 1 purchase. 13 Dollar Store sells merchandise for $1,728 with terms n/30. The cost of the merchandise is $864. 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $200 and cost $100; the items were not damaged and were returned to inventory. Journalize the above merchandising transactions for the Dollar Store assuming it uses a perpetual inventory system and the gross method.
Business
2 answers:
ElenaW [278]3 years ago
5 0

Answer:

NOV 1

Inventory 1,600

Account Payable 1,600

Nov 5

Account Payable 1,600

Discount received  32

Cash 1,568

Nov 7

Cash 100

Inventory 100

Nov 10

Freight In 80

Cash 80

Nov 13

Account receivable 1,728

Sales Revenues 1,728

Nov 13

COGS 864

Inventory 864

Nov 16

Sales Revenue 200

Account receivable 200

Nov 16

Inventory 100

COGS 100

Explanation:

leonid [27]3 years ago
4 0

Answer:

NOV 1

Inventory 1,600

Account Payable 1,600

Nov 5

Account Payable 1,600

Discount received  32

Cash 1,568

Nov 7

Cash 100

Inventory 100

Nov 10

Freight In 80

Cash 80

Nov 13

Account receivable 1,728

Sales Revenues 1,728

Nov 13

COGS 864

Inventory 864

Nov 16

Sales Revenue 200

Account receivable 200

Nov 16

Inventory 100

COGS 100

Explanation:

The changes in inventory valuation must be done imediatly under perpetual inventory system.

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In standstill water a steam boat is accelerated 3 m per square from position of rest in an interval of 8 sec determine the dista
iragen [17]

<h2>Given:-</h2>

  • Acceleration ,a = 3m/s

  • Initial velocity ,u = 0m/s

  • Time taken ,t = 8s

<h3>To Find:-</h3>

  • Distance travel by the boat ,s
<h3 /><h3>Solution:-</h3>

We have to calculate the distance covered by the boat in given time interval. Using 2nd equation of motion

<h3>s = ut + 1/2at²</h3><h3 />

where,

v is the final velocity

a is the acceleration

u is the initial velocity

t is the time taken

s is the distance covered

Substitute the value we get

:⟹ s = 0×8 + 1/2×3 × 8²

:⟹ s = 0 + 1/2 × 3 × 64

:⟹ s = 3/2 × 64

:⟹ s = 3 × 32

:⟹ s = 96 m

Hence, the distance covered by the steam boat is 96 metres.

8 0
3 years ago
Read 2 more answers
Kite Sales. Wendy is president of ABC Kites, a business that manufactures kites. Her company’s kites are sold to large toy store
atroni [7]

Answer:

She was involved in objectionable self-dealing.

Explanation:

Wendy was the president of a business, which made the product she started to make individually at her home, after learning it from the business.

That clearly reflects that the business might have provided the knowledge to Wendy, but using that knowledge in benefit of the self and not of the company, is a unethical act on the part of the individual.

Here Wendy the president of company, rather than promoting the products of the company promoted the products she manufactured individually at her home. This clearly proves that she is self oriented in a negative manner which is a loss for the company.

Her acts are objectionable.

8 0
3 years ago
Help I will give brainliest at least a couple done
Tatiana [17]

Answer:

#2 is concierge

#3 is event planner

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#5 is garden ranger

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#10 is desk clerk

#11 is bell captain

#12 is slot supervisor

#13 is club membership developer

#14 is dishwasher

#15 is motion picture something?

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#17 is amusement ride attendant

#18 is waiter

#19 is sports book writer

#20 is product demonstrator

#21 is festival promotional something?

#22 is animal trainer

#23 is ticket taker

#24 is tour operator

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#30 is barista

Explanation:

HOPE THIS HELPS! :)

4 0
3 years ago
What is the relationship of a single firm's demand curve in a purely competitive industry?
pav-90 [236]
Pure competition or perfect competition is where all firms have full knowledge of what is going on in the market, where there is free flow of information between not only the producers, but also with the consumers.

As such, all firms have no dominant share of market power since each individual firm is able to produce the good of the same quality and quantity (factors of production are fluid, and no costs in transportation in this theory). And at the same time, consumers have full knowledge of the quality of good they are getting and hence no firm will be able to exploit the misinformation of a good for its own profits.

This builds up to the point of a perfectly elastic demand curve, where consumers know what amount and at which price point do they value the product at. And knowing for the fact that small individual firms in a purely competitive firm have no say over prices, they become the price takers for this kind of market. Thus where MB=MC, the equilibrium point is reached and it is also at the socially optimal level since all consumers have full knowledge of the pros and cons of consuming a product (hence no externalities).

Hope this helps!<span />
6 0
3 years ago
A. the government often uses excise taxes, called "sin taxes," to manipulate consumption of cigarettes. draw and label the shift
sukhopar [10]
The amount of sin tax that will be paid by all of the mentioned parties will depend per country. In fact, in the US, sin tax may even differ per state so the price of consumers and producers will already factor in the percentage of sin tax that they will pay. As to why it will most likely not reduce the consumption, this is because these vices are generally addictive and already serve as habits for some people. Because of this, people will most likely not decrease their consumption significantly since they continuously look for it. In fact, they will be willing to pay more to get it. 
7 0
3 years ago
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