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
shutvik [7]
3 years ago
7

On October 4, 2018, Sheffield Corporation had credit sales transactions of $5400 from merchandise having cost $2800. The entries

to record the day's credit transactions include a debit of $5400 to Inventory. credit of $2800 to Cost of Goods Sold. credit of $5400 to Sales Revenue. debit of $2800 to Inventory.
Business
1 answer:
Gelneren [198K]3 years ago
4 0

Answer:

Cost of goods sold = $5,400

Sales on credit = $2,800

Date          General Journal           Debit   Credit

Oct. 4        Accounts receivable $5,400

                        Sales revenue                    $5,400

                 (To record sales on credit)

Date General Journal            Debit      Credit

Oct 4       Cost of goods sold     $2,800

                      Inventory                              $2,800

                (To record cost of goods sold)

You might be interested in
When a manager identifies an opportunity, he or she generates alternatives to pursue the opportunity, selects one of them, imple
Svet_ta [14]

Answer:

The correct answer is (A)

Explanation:

Managers are frequently called upon to make decisions. Making a decision is critically important for the success of a business; that is why it is crucial to evaluate the choices in detail. Examining the pro and cons of a decision leads towards a better conclusion. Decision-making process involves various steps, such as identifying, gathering information, choosing from alternatives, implementing the decision, and lastly to analyse the results.

6 0
3 years ago
Which is not capital? the computer used by an accountant the person whose photograph is snapped by the candid photographer the p
Dmitry_Shevchenko [17]

The answer is: the person whose photograph is snapped by the candid photographer.

Capital refers to accumulation of assets that is owned by a certain individual or organization that can be used to generate more income.

Candid photographers only take picture of the environment around them naturally (without any edits or settings). This mean that the person who is being photographed is not being paid. Since that person does not generate income, it cannot be considered as a capital.

4 0
3 years ago
Read 2 more answers
Triumph Corp. issued five-year bonds that pay a coupon of 6.375 percent annually. The current market rate for similar bonds is 8
kari74 [83]

Answer:

Price of  bond  = $916.26

Explanation:

<em>The amount to be paid for the bond would be equal to the Present value (PV) of the redemption Value (RV) plus the present value of the interest payments discounted at the yield rate.</em>

Let us assume that the face value of the bond is 1000 and it is redeemable at par

Interest payment = 6.375%× 1000 = 63.75

PV of interest payment = A× (1- (1+r)^(-n))/r

A- 63.75, r-8.5%, n-5

PV = 63.75 ×(1- (1.085)^(-5))/0.085)

PV = 251.215

PV of RV

PV = RV × (1+r)^(-5)

    = 1,000 × (1.085)^(-5)

   = 665.045

Price of  bond  = $916.26

6 0
3 years ago
3. According to the article, what has helped people
prohojiy [21]

Answer:

b

Explanation:

give me brainelest pls

5 0
3 years ago
Gamma corporation, an american company, signs a contract with theta corporation, a corporation from another nation, where theta
Zepler [3.9K]

Assuming the options are:

a. Yes, because it is good business to maximize profits, and those Foreign citizens are better off with a job than without one.

b. No, because Gamma has an ethical obligation to make sure that people who work For them, either directly or indirectly, are being treated Fairly.

c. No, because Gamma has a legal and ethical duty to make sure that foreign suppliers maintain working conditions that meet or exceed American standards.

d. Yes, because Gamma cannot be expected to investigate and oversee all of their suppliers, and Gamma is not doing anything wrong

The answer is B. Gamma has a responsibility to ensure that its workers, including those working indirectly for the company, are being treated fairly. This is a key ethical concept in international business, and often a source of controversy, as many large American companies outsource low-cost labor, and often the conditions that these employees work in are far from fair. 

7 0
3 years ago
Other questions:
  • Farrel Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just compl
    13·1 answer
  • I am not good at math, please help all grades are due monday
    7·1 answer
  • Bill and Nancy, managers at Sanzen Inc., want to the check the consistency of results for a performance measure that uses rating
    6·1 answer
  • The price elasticity of supply for umbrellas is 2. Suppose you're told that following a price increase, quantity supplied increa
    11·1 answer
  • A bank reconciliation revealed cash per the bank statement of $1,484, cash per company records of $1,681, bank charges of $11, d
    6·1 answer
  • During 2018, Colorado Company stock was sold for $9,400. The fair value of the stock on December 31, 2018, was Clemson Corp. sto
    13·1 answer
  • Which of the following would be the most appropriate identifier for a memory location that will store the amount of rainfall for
    5·1 answer
  • "You plan on saving money for retirement in 30 years (t=30) at which time, you wish to have saved $1,000,000. In order to do thi
    11·1 answer
  • An analyst gathered the following information about a company: 01/01/04 - 50,000 shares issued and outstanding at the beginning
    12·1 answer
  • A withdrawal of cash from a bank that does not put the bank's reserves below the level of required reserves will ______.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!