1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
77julia77 [94]
3 years ago
9

In a perpetual inventory system, the amount of the discount allowed for paying for merchandise purchased within the discount per

iod is credited to Inventory. Purchase Discounts. Purchase Allowance. Sales Discounts.
Business
1 answer:
slamgirl [31]3 years ago
4 0

Answer:

Purchase Discounts

Explanation:

When the the payment is made within the discount period the entries will include a debit of Account Payable, a credit of Cash and another credit to Purchase Discount.

You might be interested in
Black Corporation declared $50,000 cash dividends to shareholders. The coporation has 4,000 shares of $25-par, 5% preferred stoc
Liono4ka [1.6K]

Answer:

$5,000 will be distributed to preferred stockholders and $45,000 will be distributed among common stockholders.

Explanation:

The accrued dividend on preferred stock based on predetermined rate or amount is known as preferred stock dividend. Preferred stock has priority over common stockholders, It means that dividend will be given to preferred stockholder first.

Preferred stock dividend = 4,000 shares x $25 x 5% = $5,000

Common stock dividend = $50,000 - $5,000 = $45,000

6 0
4 years ago
Jolene is opening a doggy daycare named "Little Barks." She is leaving her current job where she makes $75,000 per year in order
brilliants [131]

Answer:

Accounting profit is the difference between total revenue and accounting cost in which the accounting cost is containing only the explicit cost incurred. Economic profit is the difference between total revenue and total opportunity cost, the latter containing both the explicit cost and the implicit cost incurred.

Accounting profit = revenue - explicit cost

Accounting profit = 125,000 - (10000 + 20000)

Accounting profit = 95,000

Economic profit = accounting profit - implicit cost

Economic profit = 95,000 - (75000 + 5000)

Economic profit = 15,000

This implies that while accounting profit does not undertake implicit cost of economic activity (cost for which no explicit payment is made separately), economic profit does deduct them. Now economic profit is positive, Jolene should open Little Barks.

6 0
3 years ago
involves a _ involves a binding contractual agreement between a firm and another firm or individual whereby the business name an
Nimfa-mama [501]

Answer:

Franchising

Explanation:

In Franchising, a company who already has a successfully established brand give other people with the ability to open new branch by using that brand.

Example for this would be McDonald. McDonald operate under a franchising system, in which a person who have enough capital to provide building can pay a certain amount money to McDonald in exchange for permission to use its brand.

In most franchising system, the Franchiser usually impose a strict regulation regarding the format of the business. They do this in order to maintain the reputation of the brand.

4 0
4 years ago
The following shows annual production costs and profits at Gauss-Jordan Sneakers, Inc. A - B - C - D Production Costs : 2004 - 2
mars1129 [50]

Answer:

   A                              B              C               D

Production Costs :    2004   -   2005   -   2006

Gauss Grip :             $2,300 -  $2,700  -  $2,900

Air Gauss :                $1,900 -   $2,200 -  $1,700

Gauss Gel :               $2,000 -  $2,500 -  $1,800

Profit :                          2004   -   2005   -   2006

Gauss Grip :             $12,000 - $16,000 - $18,000

Air Gauss :               $10,000 - $14,000 -  $16,000

Gauss Gel :              $11,000  - $16,000 - $14,000

As we know:

Revenue = Cost + Profit

*Proper Matrix format is also attached in the picture with this answer.

Production Costs :    2004  2005  2006

                                  \left[\begin{array}{ccc}2300&2700&2900\\1900&2200&1700\\2000&2500&1800\end{array}\right]

Profit :                         2004  2005  2006

                                \left[\begin{array}{ccc}12000&16000&18000\\10000&14000&16000\\11000&16000&14000\end{array}\right]

Revenue :         2004               2005               2006

                  \left[\begin{array}{ccc}2300+12000&2700+16000&2900+18000\\1900+10000&2200+14000&1700+16000\\2000+11000&2500+16000&1800+14000\end{array}\right]

Revenue :                2004   2005   2006

                             \left[\begin{array}{ccc}14300&18700&20900\\11900&16200&17700\\13000&18500&15800\end{array}\right]

4 0
3 years ago
Assume that you manage a $10.00 million mutual fund that has a beta of 1.05 and a 9.50% required return. The risk-free rate is 4
Svetradugi [14.3K]

Answer:

The required rate of return on new portfolio is 8.83%. So, option a is the correct answer.

Explanation:

To use the CAPM approach to calculate the new required rate of return, we first need to determine the beta for the new portfolio.

Portfolio beta is the weighted average of the individual stock betas that form up the portfolio. The weightage is assigned based on the investment in the stocks as a proportion of the total investment.

Total investment in new portfolio = 10 + 5 = 15 million

New portfolio beta = 10/15 * 1.05 + 5/15 * 0.65  

New portfolio beta = 0.9167

We need to calculate the market risk premium, using the old required rate of return, to use in CAPM.

r = rRF + Beta * rpM

0.095 = 0.042 + 1.05 * rpM

0.095 -0.042 = 1.05rpM

(0.053) / 1.05 = rpM

rpM = 0.05047 or 5.047% rounded off to 5.05%

The new required rate of return using CAPM,

r = 0.042 + 0.9167 * 0.0505

r = 0.08829 or 8.829% rounded off to 8.83%

5 0
4 years ago
Other questions:
  • When Jeff Bezos founded Amazon in 1994, he was laying the foundation for the world’s largest ________, because Amazon uses the I
    9·1 answer
  • Why do you think government services are necessary ?
    11·1 answer
  • Two Brothers Moving prepared the following sales​ budget: Month Cash Sales Credit Sales March $ 19 comma 000 $ 5 comma 000 April
    5·1 answer
  • On March 15, American Eagle declares a quarterly cash dividend of $0.075 per share payable on April 13 to all stockholders of re
    12·1 answer
  • Anyone got a link i can join and we can chat
    5·1 answer
  • Game theory is:A. a strategy that requires cooperation when multiple parties are involved.B. a methodology to accomplish winning
    14·1 answer
  • When using the IDRC to assess the external environment the company will look at which of the following?
    10·1 answer
  • When Jill was asked, she chose cars over stomach cancer as the cause of more U.S. deaths per year. When asked why she chose the
    7·1 answer
  • Balance Sheet Presentation of Available-for-Sale Investments During Year 1, its first year of operations, Galileo Company purcha
    10·1 answer
  • Jackie has determined some possible careers that would suit her include being a photographer, a graphic artist, a web designer,
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!