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
Nataliya [291]
3 years ago
14

March 1, 2014 Cardullo's purchased an order of German chocolate from a supplier for $250, but didn't pay cash for the order unti

l March 31, 2014. How would you record this transaction at the time of the purch
Business
1 answer:
PilotLPTM [1.2K]3 years ago
4 0

Answer:

Dr Inventory Purchases $250

Cr Trade Payables              $250

Explanation:

At the time of the purchase, Inventory purchases which is an asset in nature has been increased and hence must be debited by $250 and similarly the Payable has been increased which is liability in nature and hence must be credited with $250. The entry would be as under:

Dr Inventory Purchases $250

Cr Trade Payables              $250

You might be interested in
The export supply curve is the portion of the domestic supply curve below the no-trade equilibrium price. True or false
german
That statement is False

Even though is true that export supply is a portion of the domestic supply, but the moment there's an export of products,  the curve will curve above the no-trade equilibrium price ( which only stated the equilibrium price when there's no international trade) 
8 0
4 years ago
Firms send information about their products or services directly to a set of targeted consumers as part of viral marketing. this
Lilit [14]

Firms send information about their products or services directly to a set of targeted consumers as part of viral marketing. this process is called Direct marketing.

Direct marketing is a form of advertising dedicated to individuals or companies for the purpose of generating new business, promoting an organization or product, or selling. Direct mail, telemarketing, and email marketing are common types of direct marketing.

Direct marketing is a form of sales communication in which an organization engages directly with pre-selected customers and provides a direct response method. Among medical practitioners, it is also called direct response marketing. Advertisements, on the other hand, have mass message characteristics.

Learn more about Direct marketing here: brainly.com/question/2632159

#SPJ4

3 0
2 years ago
Fiwrt Corporation manufactures and sells stainless steel coffee mugs. Expected mug sales Fiwrt (in units) for the next three mon
olga55 [171]

Answer:

The number of mugs Fiwrt should plan on producing during the month of November is 35400 units of mugs.

Explanation:

Production unit (november) = Sale unit + Desired ending inventory-Beginning inventory

                                               = 36000 + (34000*30%) - (36000*30%)

                                              = 35400 Units

Therefore, The number of mugs Fiwrt should plan on producing during the month of November is 35400 units of mugs.

8 0
4 years ago
Morrow City Inc. manufactures small flash drives and is considering raising the price by 75 cents a unit for the coming year. Wi
JulsSmile [24]

Answer:

Operating profit is projected to be $35,100

Explanation:

                 Morrow City International

Analysis of the Current and Projected demand to determine the Operating Profit

Particulars         Current       Projected     Changes in

                           Demand      Demand       Demand        

Selling price          $8.50           $9.25            0.75

Less: Cost Price    $5.80           $5.80            0

Contribution           $2.7             $3.45            0.75

Margin

Unit Sold                <u>79,000        72,000        -7000</u>

Total                       $213,300     $248,400   $35,100

Contribution

Note: Total contribution = Unit sold * Contribution margin

3 0
3 years ago
The manufacturing cost of Calico Industries for three months of the year are provided below. Total Cost Production (units) April
elena55 [62]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Total Cost Production (units)

April $119,400 281,300

May 92,000 162,800

June 99,000 238,000

<u>To calculate the variable cost per unit and the total fixed cost, we need to use the following formula:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (119,400 - 92,000) / (281,300 - 162,800)

Variable cost per unit= $0.231

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 119,400 - (0.231*281,300)

Fixed costs= $54,701

7 0
3 years ago
Other questions:
  • which of the following is true of both paying with a check and paying with a debit card? aa personal identification number must
    10·1 answer
  • On July 8, a fire destroyed the entire merchandise inventory on hand of Larrenaga Wholesale Corporation. The following informati
    5·1 answer
  • Which financial function calculates the net present value of an investment, given a fixed discount rate?
    6·1 answer
  • 10. Which of the following occurrences is the key explanation for the high economic growth in the United States in the past cent
    11·1 answer
  • You own a bond that has an 8 percent coupon and matures 8 years from now. You purchased this bond at par value when it was origi
    13·1 answer
  • Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that _
    13·1 answer
  • A ____________ agreement is a reinsurance agreement that allows the reinsurance company an opportunity to reject coverage for in
    10·1 answer
  • Summarize the purpose of hyperlinks and how to add them to a document.
    7·1 answer
  • A local university has a goal of raising $500,000 for an escrow account. Their fund-raising committee has committed to raising $
    12·1 answer
  • Janet is shopping for bottles and formula for her four-month old baby. Last month, the price of her favorite brand of formula wa
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!