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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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A country's export ratio is Group of answer choices The ratio of imports to GDP. The ratio of imports to exports. The ratio of t
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A country's export ratio is the ratio of imports and exports.

<h3>What is the export ratio?</h3>

Export ratio is the ratio of import to export. Export would comprise of goods and services produced in the US that are been sold to foreign countries. Import would comprise of foreign produced goods and services that are been sold in the US

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2 years ago
Drussden Inc., a multinational corporation, has decided to hire military veterans. This, the company feels, would not only set a
Serhud [2]

Answer:

c. to require sufficient time for training their HR personnel on how to appropriately interview these potential employees.

Explanation:

Most organizations lack a veteran recruiting program. There are several misconceptions about veterans working in private companies especially regarding their mental state. It is true that a percentage, about 10-20%, experience some type of PTSD, but it generally is not something permanent. Also, former military personnel are normal people that served their country. They have some skill sand some preparation that even though might be unrelated to a specific, might be very useful. For example, many companies hire veterans because they are adaptable, flexible, react well under pressure and tend to find solutions to problems. They didn't learn this in any school, instead they learned this on the battle field. Many veterans also have a lot of experience with solving problems and presenting clear information.

This doesn't mean that they will earn a higher salary, or that they will turn the office into a military headquarter. Many companies higher them for their flexibility and how well they adapt and react to change. The problem is that not enough companies actually have veteran recruiting programs that will help both the companies and the veterans.

6 0
3 years ago
Delux Technologies makes and sells only one product, a high-quality processor for mainframe computers. Delux was recently approa
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Answer:

A. vertical integration.

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A vertical integration is a business strategy a company employs to have a competitive advantage by integrating different supply chain in the industry, which involves acquiring or purchasing other firms that operate within the same production vertical in the same industry, but not firms on the same level. Since Delux Technologies produces a product needed by Imagination Station in its production line, we can say Imagination Station is engaging in vertical integration if it purchase Delux Technologies.

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3 years ago
Suppose that your state currently provides an income guarantee under TANF of $4,000/year and a benefit reduction rate of 50%. A
horsena [70]

Answer:

800 hours

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The Temporary Assistance for Needy Families (TANF) is a federal welfare program established in 1996 which helps qualifying families with childcare assistance, professional training and work assistance. The federal government transfers money to the states and then each state sets is requirements for receiving TANF assistance.

Since the benefit reduction rate is 50% and the TANF amount is $4,000, the total yearly income must be less than $8,000 to receive TANF ($8,000 x 50% = $4,000). If the potential recipient can earn $10 per hour, then she should work less than 800 hours (= $8,000 / $10) in order to keep receiving TANF benefits.

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3 years ago
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