All categories

3 years ago

Purchases Journal The following purchase transactions occurred during March for Rehoboth, Inc.:

Business

1 answer:

gtnhenbr [62]3 years ago

3 0

Answer:

See the explanation section.

Explanation:

Mar. 4 Cleaning supplies debit = $77

Accounts payable - Health-Rite Supplies credit = $77

<em>To record the purchase of supplies.</em>

Mar. 19 Office equipment Debit = $3,750

Accounts payable - office Warehouse Credit = $3,750

<em>To record the purchase of office equipment on account.</em>

Mar. 23 Cleaning supplies Debit = $224

Accounts payable - Rubble Supplies Credit = $224

<em>To record the purchase of supplies.</em>

You might be interested in

The Physical Inventory Worksheet is used when: Multiple Choice inventory items are physically placed in the warehouse All of the

maw [93]

Answer:

taking a physical count of inventory on hand

Explanation:

The Physical Inventory Worksheet is used when taking a physical count of inventory on hand. This is the only way to tell how many items are really available for sale and allows a business to do it efficiently. An example would be counting the number of steaks the restaurant has on hand on a Saturday afternoon. This also allows the business to analyze the expected sales with the actual inventory in order to determine whether or not they need more.

7 0

4 years ago

Which of the following is TRUE? " When a market price allocates resources, everyone who is able to pay the price gets the resour

sladkih [1.3K]

Answer: When a market price allocates resources, everyone who is able to pay the price gets the resource.

Explanation:

The market allocates prices to goods and services based on the scarcity of the said goods and services. This means that regardless of how scarce a good is, you can get it if you are willing to pay the price that it is being offered at.

For instance, if the price of tomatoes suddenly went up from $4 to $12 per pack, it means that tomatoes are now more scarce and not many people can afford it. If you can afford that $12 however, you will be able to get the tomatoes despite how scarce it is.

7 0

3 years ago

is (R$), has been trading at R$3.40/US$. Exports to Brazil are currently 50,000 printers per year at the reais-equivalent of $20

tiny-mole [99]

Answer:

Some information was missing, so I looked it up:

Should the devaluation take place, the reais is expected to remain unchanged for another decade.

Accepting this forecast as given, DP faces a pricing decision which must be made before any actual devaluation: DP may either 1) maintain the same reais price and in effect sell for fewer dollars, in which case Brazilian volume will not change or 2) maintain the same dollar price, raise the reais price in Brazil to compensate for the devaluation, and experience a 20% drop in volume. Direct costs in the U.S. are 60% of the U.S. sales price.

What would be the short-run (one-year) implication of each pricing strategy? Which do you recommend?

In the short run:

if you decide to keep the current price in reais, then your contribution margin per unit will decrease from $80 to $50. Total contribution from sales to Brazil will reduce from $4,000,000 to $2,500,000.

If you decide to increase the price in reais, then your contribution margin per unit will remain at $80, but your total sales will fall to 40,000. Total contribution margin from sales to Brazil will reduce from $4,000,000 to $3,200,000

Personally, I would recommend increasing the price since operating profits will reduce in a smaller proportion.

8 0

3 years ago

Vandalay Industries manufactures two products: toasters and blenders. The annual production and sales of toasters is 2,200 units

zzz [600]

Answer:

$35.085

Not in options.

Explanation:

As for the provided information,

Details of Production are:

Toasters = 2,200 units

Blenders = 1,500 units

Hours required for each unit are:

Toasters = 1.25

Blenders = 1

Now, therefore, total hours of direct labor

Toasters = 2,200 $\times$ 1.25 = 2,750

Blenders = 1,500 $\times$ 1 = 1,500

Total hours = 4,250

Thus, total overheads = $149,115

Rate per hour = $149,115/4,250 = 35.085

Based on the information given the answer is $35.085, although this is not in the option.

Therefore, options provided are incorrect.

7 0

3 years ago

Nazerhy deposits $8,000 in a certificate of deposit. the annual interest rate is 6%, and the interest will be compounded quarter

UNO [17]

Nazerhy deposits $8,000 in a certificate of deposit. the annual interest rate is 6%, and the interest will be compounded quarterly. The certificate worth 10 years is $14,555.17.

<h3>What do you mean by deposit?</h3>

A deposit is the act of giving money (or money equivalents) to an organization, most frequently a bank or other financial institution.
The deposit is a credit for the party that made it (individually or as a group), and it can be refunded (withdrawn) in line with the conditions set forth at the time of deposit, transferred to another party, or applied to a future purchase.
The primary source of funding for banks typically deposits.

<h3>What is the interest rate?</h3>

The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate (called the principal sum).
The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place.

Learn more about interest rate here:

brainly.com/question/13324776

#SPJ4

5 0

2 years ago