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lesya [120]
3 years ago
11

Using XXs for amounts, give the journal entry for each of the transactions, assuming perpetual inventory. (If no entry is requir

ed, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) The entries are: Transaction Account Titles and Explanation Debit Credit Cash sales— (To record sales) (To record cost of goods sold) Credit sales— (To record sales) (To record cost of goods sold) By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor.
Business
1 answer:
lawyer [7]3 years ago
3 0

Answer:

Journal entries

Explanation:

1. Cash Dr XX

             To Sales revenue XX

(Being the cash sales is recorded)          

Since the cash is received so we debited the cash as it also increases the assets and the sales revenue would be credited as it an income for the company

2. Cost of goods sold XX

                To Merchandise inventory XX

(Being the cost of goods sold is recorded)

While calculating the cost of inventory we debited the cost of goods sold and credited the merchandise inventory

1. Account receivable Dr XX

             To Sales revenue XX

(Being the cash sales is recorded)          

Since the sales is made on account so we debited the account receivable  as it also increases the assets and the sales revenue would be credited as it an income for the company

2. Cost of goods sold XX

                To Merchandise inventory XX

(Being the cost of goods sold is recorded)

While calculating the cost of inventory we debited the cost of goods sold and credited the merchandise inventory

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Citrus2011 [14]

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B Inflation

Explanation:

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Which is true of an intrapreneur?
kozerog [31]

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I belive it would be A

Explanation:

This most matches the defenition

3 0
2 years ago
Suppose that borrowing is restricted so that the zero-beta version of the CAPM holds. The expected return on the market portfoli
statuscvo [17]

Answer:

The expected return on a portfolio is 14.30%

Explanation:

CAPM : It is used to described the risk of various types of securities which is invested to get a better return. Mainly it is deals in financial assets.

For computing the expected rate of return of a portfolio , the following formula is used which is shown below:

Under the Capital Asset Pricing Model, The expected rate of return is equals to

= Risk free rate + Beta × (Market portfolio risk of return - risk free rate)

= 8% + 0.7 × (17% - 8%)

= 8% + 0.7 × 9%

= 8% + 6.3%

= 14.30%

The risk free rate is also known as zero beta portfolio so we use the value in risk free rate also.

Hence, the expected return on a portfolio is 14.30%

6 0
3 years ago
41.
dsp73

a) ( 0.8509718, 0.8890282)

b) ( 0.7255, 0.7745)

Explanation:

(a)

Given that , a = 0.05, Z(0.025) =1.96 (from standard normal table)

So Margin of error = Z × sqrt(p × (1-p)/n) = 1.96 × sqrt(0.87 × (1-0.87) / 1200)

=0.01902816

So 95 % confidence interval is

p+/-E  

0.87+/-0.01902816  

( 0.8509718, 0.8890282)

(b)

Margin of error = 1.96 × sqrt (0.75 × (1-0.75) / 1200) = 0.0245

So 95% confidence interval is

p+/-E

0.75+/-0.0245

( 0.7255, 0.7745)

5 0
3 years ago
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