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Zepler [3.9K]
3 years ago
13

I WANT TO THANKS EVERYONE FOR HELPING ME PASS MY QUIZZES

Business
2 answers:
Morgarella [4.7K]3 years ago
3 0

Answer:

your welcome

Explanation:

✌✌✌✌✌✌✌✌✌✌✌✌

7nadin3 [17]3 years ago
3 0

Answer:

I don't know if I helped BUt CONGRATS!!! You deserve It!

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b. Merchandise purchases were $53,000 and $86,000 for March and April, respectively. Typically, 20% of total purchases are paid
Evgen [1.6K]

Answer:

$58,740

Explanation:

The computation of the cash paid is shown below:

For March month

= March purchase × remaining percentage

= $53,000 × 80%

= $42,400

For April month

= April purchase × given percentage ×  after applying cash discount

= $86,000 × 20% × 95%

= $16,340

So, the total amount of cash paid would be

= $42,400 + $16,340

= $58,740

Simply we multiply the monthly percentage with their percentage criteria

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If there are two identical companies, one financed 100% equity and the other 50% equity and 50% debt, which would be worth more
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The one with 100% equity?
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The following data were selected from the records of Sykes Company for the year ended December 31, Current Year.
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F I hope I was able to help u
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X-Mart purchased $300 of merchandise and paid immediately. Demonstrate the journal entry to record this transaction, assuming th
Troyanec [42]

Answer:

Debit Merchandise Inventory $300; credit Cash $300

Explanation:

The journal entry to record the given transaction is shown below:

Merchandise inventory Dr $300

    To Cash $300

(being cash paid is recorded)

Here the merchandise inventory is debited as it increased the assets and credited the cash as it decreased the assets

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