Explanation:
The Journal entry is given below:-
1. Purchase Dr, $1,280
To cash $1,280
(being merchandise is purchased)
2. Cash Dr, $115
To Purchase return $115
(Being merchandise is returned)
3. Purchase Dr, $668
Freight In Dr, $43
To Account payable $771
(being Purchase on credit)
4. Account payable $50
To Purchase return $50
(Being purchase return is recorded)
5. Account payable $661
To cash $661
(Being cash is paid)
Answer:
4
Explanation:
Gross domestic product is the sum of all final goods and services produced in an economy within a given period.
GDP calculated using the expenditure approach: GDP = Consumption spending by households + Government Spending + investment by business + Net Export.
I hope my answer helps you.
Answer:
d. 9 percent
Explanation:
After 2 years the value of $10,000 at present time =
$10,000 * (1 + x / 100)^2 = $12,000
(1 + x / 100)^2 = 12,00 / 10,000
(1 + x / 100)^2 = 1.2
The square root of 1.2 is 1.0954
(1 + x / 100) = 1.0954
x = 9.54
9%( Approximately.)
Answer:
The correct option is D,$42,000
Explanation:
The balance on Maxwell capital account=market value of building contributed less the mortgage on the building
market value of the building is $89,000
Mortgage on the building is $47,000
balance on Maxwell capital account=$89,000-$47,000
balance on Maxwell capital account=$42000
The correct option is D.
Care must taken so that one does include the cash of $38,000 contributed by Smart in Maxwell's capital account balance calculation,otherwise one would have concluded that option E,$80,000($42,000+$38,000)
Answer:
C 503,980 dollars
Explanation:
![\left[\begin{array}{ccccc}&General&Physical&Sales&After-sales\\$General&&2,000&27,000&14,000\\$Physical&1,000&&38,000&7,000\\$Direct \: Cost&36,550&70,300&412,500&480,880\\$Allocate G&-36,550&1,700&22,950&11,900\\$Subtotal&0&72,000&435,450&492,780\\$Allocate P&0&-72000&60,800&11,200\\$Total&&&496,250&503,980\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccccc%7D%26General%26Physical%26Sales%26After-sales%5C%5C%24General%26%262%2C000%2627%2C000%2614%2C000%5C%5C%24Physical%261%2C000%26%2638%2C000%267%2C000%5C%5C%24Direct%20%5C%3A%20Cost%2636%2C550%2670%2C300%26412%2C500%26480%2C880%5C%5C%24Allocate%20G%26-36%2C550%261%2C700%2622%2C950%2611%2C900%5C%5C%24Subtotal%260%2672%2C000%26435%2C450%26492%2C780%5C%5C%24Allocate%20P%260%26-72000%2660%2C800%2611%2C200%5C%5C%24Total%26%26%26496%2C250%26503%2C980%5C%5C%5Cend%7Barray%7D%5Cright%5D)
We determinate each service deparment rate:
general: 36,550 / (2,000 + 27,000 + 14,000) = 0.85
we then assign cost of general department and repeat the process for physical
then for physical we do the same:
72,000 / (38,000 + 7.000) = 1.60
