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Zolol [24]
3 years ago
11

On October 10, a company paid $36,000 to a supplier. Of that amount, $6,000 was for supplies received on October 10 and $30,000

was for supplies that were purchased on account during September. The journal entry to record the $36,000 payment would include a debit to:
Business
1 answer:
Katena32 [7]3 years ago
5 0

Answer:

Debit to :

Supplies Inventory $6,000

Trade Payable $30,000

Explanation:

Here the $6,000 payment  will increase the Assets of Supplies Inventories and decrease the Assets of Cash. The $30,000 payment will decrease the Liability - Trade Payable and decrease the Assets of Cash.

The Journal is provided as follows :

<em>Supplies Inventory $6,000 (debit)</em>

<em>Trade Payable $30,000 (debit)</em>

<em>Cash $36,000 (credit)</em>

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Harry's Pepperoni Pizza Parlor produced 10,000 large pepperoni pizzas last year that sold for $10 each. This year Harry's again
Neko [114]

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a) increased nominal GDP by $20,000, but left real GDP unchanged.

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Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

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3 years ago
Zeke Company sells 25,000 units at $21 per unit. Variable costs are $10 per unit, and fixed costs are $75,000. The contribution
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Answer:

A. 52% and $11 per unit

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The contribution margin ratio is a measure of how much of a business revenue is available for covering its variable expenses. It also reveals how much is left to cover its fixed cost. The contribution margin is the unit income generated from each product sold. To calculate contribution margin ratio we divide contribution margin by sales. i.e

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