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Olegator [25]
3 years ago
12

ABC Mart received a $20 freight bill for merchandise it purchased with freight terms of FOB shipping point. ABC Mart uses a perp

etual inventory system. Assuming it paid the bill immediately, demonstrate the journal entry required to record the freight charges.
Business
1 answer:
sukhopar [10]3 years ago
4 0

Explanation:

The journal entry is as follows:

Merchandise inventory Dr $20

          To Cash $20

(Being the freight charges is paid)

In the case of the perpetual inventory system, we use the merchandised inventory for freight charges so we debited the merchandise inventory and credited the cash account. Both the accounts are recorded for $20

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An investment project provides cash inflows of $570 per year for eight years. what is the project payback period if the initial
Aloiza [94]
Payback period is the time you have to wait for your funds to recover from its initial investment through cash inflows generated by your project. This is how economists appraise their project's viability. For even cash inflows, the equation is

Payback period = Initial investment/Cash inflows
Payback period = $1675/$570 per year
Payback period = 2.94 or approximately 3 years.
4 0
3 years ago
A manager has received an analysis of several cities being considered for a new office complex. The data (10 points maximum) are
Solnce55 [7]

Answer:

a) If manager weighs factors equally, the composite factor rating scores will be A = 5.6, B = 6.3, and C = 6.3 approximately.  B and C are equal and better than A in terms of highest average score.

b) When double weights are assigned to business services and construction costs, the composite factor rating scores will be A = 5.9, B = 6.1, and C = 6.0 approximately.  B is the best in terms of highest average score.

Explanation:

Composite Factor Rating scores are obtained by obtaining the mean or average of the scores under each location in order to give data points that can be used for making decisions.

The assignment of weights will differentiate the factors and change the decision outcome.

An excel copy is attached showing the derivations for a and b.

Download xlsx
8 0
3 years ago
Wattan Company reports beginning inventory of 20 units at $44 each. Every week for four weeks it purchases an additional 20 unit
nydimaria [60]

Answer:

The cost of goods available for sale is $4,760

Explanation:

Goods available for sales include all those goods which is available on the beginning of the period and all the purchases / production during the period.

Beginning Inventory = 20 x $44 = $880

Purchases for the month = ( 20 x 45 ) + ( 20 x 46 ) + ( 20 x 49 ) + ( 20 x 54 )

Purchases for the month = $900 + $920 + $980 + $1,080

Purchases for the month = $3,880

Cost of Goods available for sale = Beginning Inventory + Purchase for the month = $880 + $3,880 = $4,760

6 0
2 years ago
In each of the following sentences, select the appropriate answer option as debitor credit
SVEN [57.7K]

Answer:

1.Credit, Credit, Debit

2.Credit, Credit,

Explanation:

6 0
3 years ago
You have been with the organization for some time. You find a clear violation of the professional code of ethics occurring frequ
Advocard [28]

Answer:

The most applicable answer is (C) blow the whistle after all internal avenues fail to stop the violations

Explanation:

However, before whistle blowing, as a professional adhering to a stringent code of ethics that is there to protect the stake holders and the professional reputation of the members, you must always try to resolve the matter internally without exposing it to the general public, as it is unfair to disrepute an entire organization because of a few corrupt people.

If this is difficult, then u should go to the relevant national authorities and try try to legally fave the issue. If that is not working, then u should blow the whistle.

6 0
2 years ago
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