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
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.

You might be interested in
If a typical firm in a perfectly competitive industry is earning profits. True or False
Gwar [14]

Answer:

The answer is True.

Explanation:

Because, then new firms will enter in the long run causing market supply to decrease, market price to fall , and profits to decrease.

6 0
3 years ago
Blue Ridge Crafters is a co-operative that distributes traditional household furnishings, such as home-spun textiles, hand-throw
Harman [31]

Answer:

C) Horizontal growth strategy.

Explanation:

In the given situation, blue ridge would added non related products for the customers who already purchased it from them. Also it shows the concept of one-stop shop i.e. catering should be provided to all rounds requirement for the customers who visited them

Therefore as per the given scenario, the option c is correct

And, the same would be considered

5 0
3 years ago
a paragraph of two or three sentences that describes jobs performed outside and the environmental conditions employees might exp
Xelga [282]

Answer:

he is not right

Explanation:

4 0
2 years ago
The Housing Financial Discrimination Act (Holden Act) prohibits all financial institutions from discriminating in real estate lo
Rainbow [258]

Answer:

Redlining

Explanation:

Redlining stems from discrimination that consists denial of services, maybe financial based on the group one may fall under such as race, ethnicity or location. The Holden act(1977) is a real estate act of California meant to protect individuals from discriminations such as ones that involve denial of mortgage loan on the basis of something other than the credit worthiness of the individual . These discriminations could take the form of mortgage loan and, insurance loan denials or other financial services based on creditworthiness history of the group the person may fall under and not necessarily the individual's qualifications on his own

8 0
3 years ago
Which of the following is a challenge faced by developing nations? A. Growing population B. Declining population C. Lack of effo
DedPeter [7]
A growing population
7 0
3 years ago
Read 2 more answers
Other questions:
  • Raymond Financing leases airplanes to airline companies. Raymond has just signed a 20-year lease agreement that requires annual
    12·1 answer
  • Daniel, the supervisor of a team of financial analysts, aims to become a manager. He is confident about his ideas in the workpla
    7·1 answer
  • Sam has taxable income of $350,000 dollars. Sam's nephew Adam has taxable income of $3,500. What federal income tax rate applies
    12·1 answer
  • Lumeris Inc., an automobile manufacturer, has an inflexible work schedule and requires its workers to work nine hours a day and
    13·1 answer
  • Provincial Inc. reported the following before-tax income statement items:
    6·1 answer
  • According to the information provided in english 120, why might a subject encyclopedia be useful to start a research project?
    11·1 answer
  • For years, Company A has made a line of high-quality power tools. They plan to introduce a revolutionary new tool made entirely
    13·1 answer
  • Pro-Racquets has a bill of lading for an order of 10,000 tennis rackets it will be exporting to a foreign distributor. The compa
    14·1 answer
  • Presented below are definitions of certain terms. Select the appropriate term from the dropdown list. Definitions 1. Quantity of
    10·1 answer
  • The stock in Bowie Enterprises has a beta of 1.10. The expected return on the market is 12.40 percent and the risk-free rate is
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!