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4 years ago

Journalize the following transactions:______.

Business

1 answer:

andrew-mc [135]4 years ago

5 0

Answer & Explanation:

Cash ac dr 15000

to Capital ac 15000

Car ac dr 8200

to Cash ac 8200

Purchase ac dr 500

to creditor ac 500

Debtor ac dr 1800

to Sale ac 1800

Advertisement ac dr 200

to Cash ac 200

Cash ac dr 780

to Debtor ac 780

Creditor ac dr 300

to Cash ac 300

Dividend ac dr 500

to Cash ac 500

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A company forecasts sales of $91,500 for the quarter ended December 31. Its gross profit rate is 18% of sales, and its September

nlexa [21]

Answer:

Purchases= $57,530

Explanation:

Giving the following formula:

Production= 91,500*(1 - 0.18)= $75,030

Beginning inventory= $25,000

Desired ending inventory= $7,500

To calculate the budgeted purchases, we need to use the following formula:

Purchases= production + desired ending inventory - beginning inventory

Purchases= 75,030 + 7,500 - 25,000

Purchases= $57,530

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3 years ago

Match the action to the task it helps accomplish. format text is at the very top or bottom of the page increase or decrease the

Sidana [21]

Answer:

format text increase or decrease the space around the text on a page

Explanation:

Indeed, when using Word processing software like Microsoft word, it is possible to use the format text tool called line spacing to increase or decrease the space around the text on a page.

For example, in other to make a written text easily readable, a user may use the format text tool to increase or decrease the space around the text on a page.

6 0

3 years ago

Read 2 more answers

Colorado Real Estate Commission Rule E-4 and E-5 give direction about retaining the needed contracts after closing a transaction

lana [24]

Answer:

According to Colorado Real Estate Commission Rule E-4 and E-5, copies that are exceptions to the rule include; notes, mortgages, deeds and trust deeds.

Furthermore, settlement sheets, listings, and any other document that it is required for the parties to impend their signatures, have to be retained for a period of four years even after closing a transaction or a contract.

Explanation:

3 0

3 years ago

On January 1, 2017, Metlock, Inc. had cash and common stock of $19,5000. At that date the company had no other asset, liability

ivann1987 [24]

Answer:

The amount of comprehensive income in 2017 is $47000.

Explanation:

comprehensive income = dividends + unrealized holding gain on securities

= $13500 + $33500

= $47000

Therefore, the amount of comprehensive income in 2017 is $47000.

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3 years ago

Key question addressed by strategic management is "Why do some firms outperform other firms?" In other words, it examines how ac

Lina20 [59]

Answer:

The answer: ''In other words, it examines how actions and events involving top executives, firms and industries influence a firm's success or failure'' is correct.

Explanation:

To begin with, in the field of business the managers tend to be very agressive and competitive in order to set their companies in the top of the industry and therefore to obtain the maximun profits as possible.

To continue, the strategic management group wonder themself why do some firms outperform other firms and the answer to that question has many factors that influece the situation where that happens, in other words, it is normal that many companies with less resources, such as money or human knowledge, tend to give a worst performance that other companies that count with executives with huge experience or better economic situations in the industry. Moreover, it is known that the companies with a manager that knows how to manage the business with the resources it has and how to comprehend the situation where it heads will perform at a higher level than the other.

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4 years ago