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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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Over the last few months, Juan and his colleagues have analyzed the current business situation and identified target markets for
Mashcka [7]

Answer:

D. a marketing strategy.

Explanation:

Marketing strategy: It is long term approach to develop or penetrate market. Every stage of product life cycle require different marketing strategy. There are different analysis been done to come out with one marketing strategy that will help the company to achieve their primary objective. Strategy for marketing mix, such as product, prices, distribution and promotion are one of the most important strategy to tap the market and gain competitive advantage.

In the given case, Juan and his colleagues have developed a marketing strategy to gain more market share in their target market and how they can gain competitive advantage.

3 0
2 years ago
Old Man Smith died owning a property with an estimated value of $500,000. He never married and died without leaving a will. Smit
vazorg [7]

Answer:

The property would be given to the next available direct relation of his who happens to be his sister. This is because, most property are shared among siblings. Since Smith's sister is one of his sibling, she is entitled to receive the property.

Explanation:

7 0
3 years ago
Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following ann
expeople1 [14]

Answer:

Pecan Theatre Inc.

Average annual percentage return

                              Cost    Market   20Y1   20Y2  20Y3  20Y4  20Y5  20Y6

                                 per share

Preferred stock   $20.00 $25.00    2%        2%       2%      2%      2%      2%

Common stock    $15.00  $17.50    0%         0%       0%   0.7%   0.8%   0.11%

Explanation:

a) Data and Calculations:

Dividends:                              Cumulative               Common Stock

                                         Preferred Stock               Dividends

                                    Dividends   Per share                   Per share

20Y1,     $80,000           $80,000   $0.40                 $0           $0

20Y2,    $90,000             90,000   $0.40                   0           $0

20Y3,   $150,000           150,000   $0.40                   0           $0

20Y4,   $150,000           100,000   $0.40              50,000      $0.10

20Y5,   $160,000           100,000   $0.40             60,000       $0.12

20Y6,   $180,000           100,000   $0.40             80,000       $0.16

Average annual percentage return

                              Cost    Market   20Y1   20Y2  20Y3  20Y4  20Y5  20Y6

                                 per share

Preferred stock   $20.00 $25.00    2%        2%       2%      2%      2%      2%

Common stock    $15.00  $17.50    0%         0%       0%   0.7%   0.8%   0.11%

Average annual percentage return = Dividend per share/Initial Cost per share

7 0
2 years ago
Cake is a product of the Chester company which is primarily sold in the Americas Budget segment. Chester starts to create their
alekssr [168]

Answer:

Cake demand next year=1,267,498 units

Explanation:

Y=I+G

where;

Y=cake demand next year

I=initial demand

G=growth demand

Meaning;

Cake demand next year=Initial demand+growth demand

where;

Initial demand=1,207,141 units

growth demand=5% of initial demand

growth demand=(5/100)×1,207,141=60,357.05 units

replacing;

Cake demand next year=1,207,141+60,357.05=1,267,498.05

Cake demand next year=1,267,498.05 units rounded off to the nearest unit=1,267,498 units

5 0
3 years ago
After an hour on the expressway, your passengers need to use the restroom and they want to get some food. As you approach the ne
Gre4nikov [31]
The sign will be blue and it will have food places on it like Mc Donalds and Subway. Those food places will have a restroom so you would just follow the signs direction to that food place.

Hoped I helped!
5 0
3 years ago
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