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Vikki [24]
3 years ago
10

Gullett Corporation had $30,000 of raw materials on hand on November 1. During the month, the Corporation purchased an additiona

l $79,000 of raw materials. The journal entry to record the purchase of raw materials would include a: Multiple Choice debit to Raw Materials of $109,000 credit to Raw Materials of $79,000 debit to Raw Materials of $79,000 credit to Raw Materials of $109,000
Business
1 answer:
Bogdan [553]3 years ago
7 0

Answer:

The journal entry to record the purchase raw material would include a debit to raw material of $79000 and credit to Raw materials of $109000..

Explanation:

Since the raw material is coming into the company, we have debit raw material and the opening balance is already there in the books of the business. hence raw materials increases.

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Dave is a close-up magician who is famous for his card tricks. He creates and sells DVDs of his magic tricks. Lately he has been
Katen [24]

Answer:

inbound logistics.

Explanation:

Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.

The fundamental principle of supply chain management is the complete collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing producer), a wholesaler, and a retailer who typically sells the products to the customers or consumers.

Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.

In this scenario, Dave creates and sells DVDs of his magic tricks.

Lately, Dave has been having some trouble getting his DVDs produced in a timely manner. Thus, of the five (5) primary activities in the value chain, this problem of not producing goods (DVDs) as at when needed by the viewers (end users) is most likely to occur in inbound logistics.

An inbound logistics can be defined as a supply process which relates with receiving, storing or warehousing of raw materials and the distribution of inventory internally.

5 0
3 years ago
On September 1, 2021, Middleton Corp. lends cash and accepts a $13,000 note receivable that offers 9% interest and is due in six
melamori03 [73]

Answer:

d) $195.

Explanation:

Interest revenue to in 2022 = ($13,000*9%) * 2 months/12 months

Interest revenue to in 2022 = $1,170 *2 months/12 months

Interest revenue to in 2022 = $1,170 *  0.1667

Interest revenue to in 2022 = $ 195.039

Interest revenue to in 2022 = $ 195

7 0
2 years ago
A profit-maximizing decision must be made about whether to keep a bed & breakfast operating. Until the place sells, the mort
artcher [175]

Answer:

b.it is best to ignore sunk costs and keep the bed & breakfast operating.

Explanation:

The owner of the store will face the mortgage cost wether the bed and breakfast is open or closed therefore it should be ignore in the short-term for the decision wether or not to keep the business open.

The business revenues are 6,000 while their cost 4,000 thie means there is a contribution of 2,000 then we subtract the mortage to get a loss 1,000

If closed the losses will increase to 3,000 asthe mortage expense would not disappear.

We should keep it open and look for ways to either sale or rent the space for a better gain than 2,000

5 0
3 years ago
"A registered representative has a long-term client who works in a bank. The representative tells the client that he wants to bu
nirvana33 [79]

Answer:

None

Explanation:

Before a bank decides on which interest rate placed on loans given to customers, it will have to be a general agreement between the board of directors in an Annual General Meeting (A.G.M). Or else stated otherwise which is quite rare, interest rates on loans and mortgages are based on a simultaneous agreement. When an interest rate is to be decided for a certain customer, his or her credit scores are evaluated to ascertain the loanee's ability to pay back the loan. When a loanee's credit scores are low, he or she tends to receive a high interest rate on loans and mortgages while when a loanee's credit scores are high, he or she tends to receive a low interest rate on loans and mortgages.

On the case of the client who works in a bank granting the registered representative a mortgage with lower interest rates, this cannot be possible because: first, the client's position in the bank was not clarified and secondly, the registered representative's credit scores will be the evaluation report used by the bank to grant that.

7 0
3 years ago
Unsystematic risk: Group of answer choices can be effectively eliminated by portfolio diversification. is compensated for by the
Novay_Z [31]

Answer:

can be effectively eliminated by portfolio diversification.

Explanation:

The systematic risk is the risk where the loss is associated with the entire market while on the other hand,  the unsystematic risk is the risk in which the loss is associated with the particular segment

Therefore according to the given options, the unsystematic risk is the risk that is eliminated by diversifying the portfolio i.e investing the amount in different companies rather investing in one company

4 0
3 years ago
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