Answer:
The journal entries should be as follows:
Day 1, you purchase the materials (8 pallets x $200 x 80%)
- Dr Materials Inventory account 1,280
- Cr Accounts Payable account 1,280
Day 31, you pay the first installment (= $1,280 / 3)
- Dr Accounts Payable account 426.67
- Cr Cash account 426.67
Day 61, you pay the second installment (= $853.33 - $426.66)
- Dr Accounts Payable account 426.67
- Cr Cash account 426.67
Day 91, you pay the third installment
- Dr Accounts Payable account 426.66
- Cr Cash account 426.66
Answer:
The correct answer is 2 that is Acquisition and development
Explanation:
Customer heterogeneity means that the customers want diversity. So, because of these, the professor suggest there are more opportunity in the acquisition instead of development.
Acquisition is described as when one company purchases or acquire the another company shares in order to gain the control on the another company. Whereas development is the procedure for establishing the positive change, growth and progress.
So, acquisition is better than the development.
Holding all else equal, will increasing the efficiency units of labor lead to sustained growth? Why? Yes, although it will lead to sustained growth only if individuals learn the correct skills as determined by the type of physical capital available.
Answer:
$60,000
Explanation:
The computation of the direct material used is shown below:
= Beginning raw material inventory + purchase of raw material - ending raw material inventory
= $16,600 + $61,400 - $18,000
= $60,000
This is the right answer but the same is not provided in the given options
Answer:
7.86
Explanation:
Given,
Net income = $16,481
Tax rate = 21 %
interest expense = $3,681
Depreciation expense = $4,385
Cash Coverage ratio =
EBIT = Expense before tax
Cash Coverage ratio =
Cash Coverage ratio =
Cash Coverage ratio =7.86
Hence, the cash coverage ratio is equal to 7.86.