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Ratling [72]
3 years ago
9

​Computers's Merchandise Inventory account at​ year-end is showing a balance of $ 43 comma 000. The physical count of inventory

came up with $ 41 comma 600. Journalize the adjusting entry needed to account for the inventory shrinkage. The company uses the perpetual inventory system.​
Business
1 answer:
Talja [164]3 years ago
8 0

Explanation:

The journal entry is shown below:

Cost of goods sold Dr $1,400

        To Merchandise inventory $1,400

(Being the inventory shrinkage is recorded)

It is computed below:

= $43,000 - $41,600

= $1,400

For recording this given journal entry, we debited the cost of goods sold and credited the merchandise inventory.

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In the new department she is setting up, Shondra decides that top managers will report to her and that everyone else will report
Drupady [299]

The management function that Shonda is performing when she decides that top managers will report to her while everyone else reports to the head of human resources is <u>iii. organizing.</u>

<h3>What is Organizing in management functions?</h3>

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7 0
2 years ago
g At the beginning of the month, the Forming Department of Martin Manufacturing had 22,000 units in inventory, 30% complete as t
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Answer:

62,000 units

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Therefore The number of units that the Forming Department started and completed in the current month is 62,000 units

7 0
3 years ago
________ are a means for consumers to share text, images, audio and video information with each other and with companies, and vi
Arte-miy333 [17]

Answer:

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5 0
3 years ago
Read 2 more answers
Today you purchase a $600 face-value, 8% coupon bond for $600. This bond matures over 10 years. What is the value of the cash fl
Nadya [2.5K]

Answer:

the value of the cash flow in year 5 is -$48

Explanation:

Cash flow in year 5 include a capital repayment and interest expense.This can be determined by constructing an amortization schedule from the data given.

The first step in constructing the amortization schedule is to find the Yield to Maturity.

Pv = -$600

Pmt = $600 × 8% = $48

P/yr = 1

N = 10

Fv = $600

YTM = ?

Using a Financial Calculator the Yield to Maturity is 8%.

then to determine the cash flow for year 5, we need the coupon amount (interest) and the amount of capital repayment.

Coupon  $48

Capital     $0

Total       $48

Therefore the cash flow in year 5 is -$48.

8 0
3 years ago
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