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maw [93]
4 years ago
9

Davis Hardware Company uses a perpetual inventory system. How should Davis record the sale of inventory costing $620 for $960 on

account?A. Inventory 620Cost of Goods Sold 620Sales Revenue 960Accounts Receivable 960B. Accounts Receivable 960Sales Revenue 960Cost of Goods Sold 620Inventory 620C. Inventory 620Gain 340Sales Revenue 960D. Accounts Receivable 960Sales Revenues 620Gain 340
Business
1 answer:
ElenaW [278]4 years ago
7 0

Answer:

B. Accounts Receivable 960

   Sales Revenue 960

   Cost of Goods Sold 620

    Inventory 620

Explanation:

Under perpetual inventory system the sale is recorded separately by sale value and the cost of the sold inventory is deducted from the inventory and added in the cost of goods sold.

Ne benefit of $340 (960-620) is automatically recorded and it will be measure at end of the period by formatting the income statement. It does not need to be recorded separately.

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mini case the great little box company canadian company that manufactures and distributes custom and stock
valkas [14]

The levels of organizational culture that are described are socially coordinated efforts and greater personal satisfaction for everyone.  

From the complete question, the new employees can be socialized by getting involved in the company's social activities such as summer grills, paintball rivalries, etc.

Lastly, the cultural significance of the open-book management technique is that it ensures financial transparency and ensures that employees do their jobs more effectively.

Learn more about organizational culture on:

brainly.com/question/2935389

4 0
3 years ago
Work in process inventory on December 31 of the current year is $44,000. Work in process inventory increased by 60% during the y
laiz [17]

Answer:

b) $302,000

Explanation:

Cost of goods manufactured = Total Manufacturing Cost + (Change in working process inventory)

Cost of goods manufactured = Total Manufacturing Cost + (Opening working process inventory - Closing  working process inventory)

$275,000 = Total Manufacturing Cost  - $26,400

$275,000 + $26,400 = Total Manufacturing Cost

Total Manufacturing Cost = $301,400

Nearest possible answer is 302,000

4 0
4 years ago
If a perfectly competitive firm with constant returns to scale was reorganized as a​ monopoly, its monopoly price would be​ ____
ikadub [295]

Answer:

The correct answers are: greater​ than; less than.

Explanation:

In the perfect competition model, the nature of the scale returns poses serious problems, whatever the case considered. Sise assumes that the returns of scale are increasing, the supply of companies is infinite; if they are constant, the offer is null, infinite or indeterminate (equilibrium case); if they are decreasing, the profit of the companies is strictly positive in the balance '. In the latter case, if they could do so, companies would be interested in dividing themselves, without any limit, into entities as small as possible.

5 0
3 years ago
TIME REMAINING
kobusy [5.1K]

Answer:

club moss I believe for it is a more simple organism

8 0
3 years ago
Which of the following demonstrates the law of supply?a) When leather became more expensive, belt producers decreased their supp
snow_tiger [21]

Answer:

D

Explanation:

The law of supply states that when the price of an object rises, so does the quantity supplied. If the ketchups prices rise, so will the quantity that is supplied making this an example of the law of supply.

3 0
3 years ago
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