Sales journals use to record company transactions.
The sales journal sometimes referred to as the credit sales journal, is used to file all income made on account. The sales magazine for the Fortune save is shown underneath. all of the income on account for June are proven in this journal; cash sales are recorded in the coins receipts journal.
A sales journal is a subsidiary ledger used to shop specified sales transactions. Its primary motive is to eliminate a supply of excessive-quantity transactions from the overall ledger, thereby streamlining the general ledger.
The sales journal (additionally referred to as income book and income day e-book) is a special journal that is used to record all credit sales. every transaction that is entered in sales magazine basically outcomes in a debit to accounts receivable account and a credit to an income account.
Learn more about sales journal here: brainly.com/question/14279491
#SPJ4
Answer:
we will save 500,000 dollars worth of inventory.
Explanation:
If sales are 4,000,000 then the expected inventory will be 1,000,000
Giving an inventory turnover of:
4,000,000 / 1,000,000 = 4
IF we double the inventory turnover then:
4,000,000/inventory = 8
So the inventory will be of: 4,000,000/8 = 500,000
the difference is for 500,000
The thing which will be affected when the federal reserve announces that it is implementing a new interest rate policy is:
- <u>D. Federal funds rate</u>
<u />
According to the given question, we are asked to state the thing which will be affected when the federal reserve announces that it is implementing a new interest rate policy.
As a result of this, we can see that when the federal funds rate is <em>important </em>to the economy of any country and when the country announced that its federal reserve would make changes to its interest rate policy, then the federal funds rate would be affected
Therefore, the correct answer is option D
Read more here:
brainly.com/question/25818009
Answer:
$41,960
Explanation:
the question is incomplete, so I looked for a similar question in order to fill in the missing parts:
- Corporate headquarters building lease $86,000
- Cosmetics Department sales commissions--Northridge Store $5,300
- Corporate legal office salaries $57,300
- Store manager's salary-Northridge Store $11,700
- Heating-Northridge Store $14,400
- Cosmetics Department cost of sales--Northridge Store $32,400
- Central warehouse lease cost $13,900
- Store security-Northridge Store $16,300
- Cosmetics Department manager's salary--Northridge Store $4,260
Direct costs are costs that are specific to a certain product, service or in this case, department or business unit. They are not shared with other products, services or business units.
The direct costs allocated to the Cosmetics Department are:
- Cosmetics Department sales commissions--Northridge Store $5,300
- Cosmetics Department cost of sales--Northridge Store $32,400
- Cosmetics Department manager's salary--Northridge Store $4,260
- total $41,960
Answer:
$4500
Explanation:
The Economic profit is the difference between the total revenue and the explicit and implicit cost.
Hence,
Economic profit = (Total revenue - explicit cost - implicit cost)
Explicit cost =$13500
Total revenue = $18,000
Since, implicit cost isn't given, implicit cost will be taken as zero
Hence,
Economic profit = ($18,000 - $13,500)
Economic profit = $4,500