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
bixtya [17]
3 years ago
15

A buyer uses a perpetual inventory system, and it purchases merchandise on terms of FOB shipping point. On December 20, the ship

ping company sends an invoice for $125 to the party responsible for the freight charges, and cash payment is made immediately. Complete the buyer's necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit column.
Business
1 answer:
ohaa [14]3 years ago
3 0

Answer:

Dr Merchandise Inventory125

Cr Cash 125

Explanation:

Since we were told that the shipping company invoice was $125 to the party responsible for the freight charges and the cash payment is been made immediately without delay

Therefore the buyer's necessary journal entry will be

Dec. 20

Dr Merchandise Inventory125

Cr Cash 125

You might be interested in
Business owners are less optimistic about the health of the economy. What will be the effect on aggregate demand
KATRIN_1 [288]

The  effect on aggregate demand is: left Shift in the Aggregate Demand Curve - expectations.

Effect on aggregate demand

Left Shift in the Aggregate Demand Curve - expectations means that the total amount consumer tends to spend on goods and services are decreasing.

Consumer spending less can occur when things are costly or due to the inflation which is the rise in the price of goods and services in the market.

Inconclusion the  effect on aggregate demand is: left Shift in the Aggregate Demand Curve - expectations.

Learn more about Effect on aggregate demand here:brainly.com/question/25749867

6 0
2 years ago
Martha and Lew are married taxpayers with $400 of foreign tax withholding from dividends in a mutual fund. They have enough fore
DedPeter [7]

Answer: they should claim a deduction for foreign taxes on their Schedule A?

Explanation: An itemized deduction is an expenditure on eligible products, services, or contributions that can be subtracted from adjusted gross income (AGI) to reduce your tax bill.

Most taxpayers have the option to either itemize deductions or claim the standard deduction that applies to their filing status.

5 0
3 years ago
Merger and acquisition strategies
aniked [119]

Answer: Option (E)

Explanation:

Merger strategies are usually undertaken by an organization in order to form a strategic merger with several other organizations so as to accelerate the growth, instead of growing organically. Acquisition strategy tends to involves the finding methodology for acquisition of the target organization which generates the value for acquirer.

5 0
3 years ago
Craig has a lot of reasons for wanting to start his own business. What is the main reason why he believes he’s ready to turn his
Tomtit [17]

Answer:

B

Explanation:

3 0
3 years ago
s) A system has four processes and five types of allocatable resources. The current allocation and maximum needs are as follows:
Troyanec [42]

Answer:

The smallest value of x is 5 which leads to a safe state.

Explanation:

Solution

Given that:

Process Available Maximum Request = Max-Available

A         [2 ,1 ,0 ,2, 2] [4, 2,2, 3, 3]          [2,1,2,1,1]

B         [3 ,1, 1, 0 ,2] [3 ,3 ,6 ,1 ,2]          [0,2,5,1,0]

C         [2 ,1 ,0 ,2 ,1 ] [3 ,2 ,3 ,3 ,1]          [1,1,3,1,0]

D         [1, 1, 0, 1, 0 ] [1, 2, 3, 2 ,1 ]          [0,1,3,1,1]

Available = 3,2,x,2,3 ⇒ x has to be determined.

Now

consider x=1 then Available = 3,2,1,2,3

It can't satisfy A,B,C,D since the minimum value of x among those is 2

Consider x=2 then Available = 3,2,2,2,3

It can't satisfy B,C,D since the minimum value of x among those is 3

Thus

consider x=3 then Available = 3,2,3,2,3

It can't satisfy D since the minimum value of x among those is 5

Then

consider x=5 then Available = 3,2,5,2,3

It can satisfy A,B,C,D

Therefore, the minimum value of x is 5. So, that it leads to a safe state.

5 0
3 years ago
Other questions:
  • Write each item listed below to the appropriate category . GOODS SERVICES Cutting Hair Doctor Computers Cleaning Business Tasks
    9·1 answer
  • Workers may be able to accomplish their tasks in an autonomous fashion, but the products of their efforts must be coordinated in
    7·1 answer
  • Cheyenne Corporation purchased 420 shares of Sherman Inc. common stock for $12,900 (Cheyenne does not have significant influence
    7·1 answer
  • Different companies using the same accounting principles is an example of _________________. For instance, this occurs when two
    9·1 answer
  • Youngstown Rubber reports the following data for its first year of operation.
    10·1 answer
  • City Auto Parts recently traded in-store fixtures. The exchange had a commercial substance. The old fixtures had a cost of​ $52,
    13·1 answer
  • Walter used to work as a high school teacher for $40,000 per year but quit in order to start his own painting business. To inves
    9·1 answer
  • Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.5 pound
    11·1 answer
  • What is a LinkedIn InMail?
    9·1 answer
  • When using the gross method, the journal entry to record taking a discount when paying for goods previously purchased on account
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!