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
astraxan [27]
3 years ago
6

Required:

Business
1 answer:
Kisachek [45]3 years ago
6 0

Answer:

1- Cash (Dr.) $ 47,000

Computer (Dr.) $ 40,000

Common Stock (Cr.) $ 87,000

2- Rent Expense (Dr.) $2,200

Cash (Cr.) $2,200

3- Office Supplies (Dr.) $2,000

Cash (Cr.) $2,000

10- Prepaid Insurance (Dr.) $2,200

Cash (Cr.) $2,200

14- Salaries Payable (Dr.) $14,000

Cash (Cr.) $14,000

24- Cash (Dr.) $14,000

Commission from Airline (Cr.) $14,000

28- Salaries Payable (Dr.) $1,300

Cash (Cr.) $1,300

29- Computer Repair Expense (Dr.) $300

Cash (Cr.) $300

30- Telephone Bill Expense (Dr.) $1,100

Cash (Cr.) $1,100

30- Dividend Payable (Dr.) $2,000

Cash (Cr.) $2,000

Explanation:

The company has incurred business transactions which are recorded in the system as journal entries. These entries are then posted to create ledgers which shows the summarize form of all the transactions. These ledger then create trial balance which displays complete account balances of all the transactions separately.

You might be interested in
All receivables that are expected to be realized within a year are reported in the __________ section of the balance sheet.
REY [17]

All receivables that are expected to be realized within a year are reported in the

Reconstruction

section of the balance sheet.

Reconstruction

was a success in that it restored the United States as a unified nation: by 1877, all of the former Confederate states had drafted new Reconstruction also finally constitutions, acknowledged the Thirteenth, All receivables that are expected to be realized within a year are reported in the  section of the balance sheet. Fourteenth, and Fifteenth their loyalty to the U.S. government. settled the states’ rights vs.

federalism

debate that had Amendments, and pledged been an issue since the 1790s.

Reconstruction

failed by most other measures: Radical Republican legislation ultimately failed to protect former slaves from white persecution and failed to engender fundamental changes to the social fabric of the South. When President Rutherford B.

federalism

debate that had been an issue since the 1790s almost mediately . Hayes removed federal troops from the South in 1877, former Confederate officials and slave returned to With the support of a conservative Supreme Court, these newly empowered white southern politicians passed black codes, voter qualifications, and other anti-progressive legislation to reverse the rights that blacks had gained during Radical Reconstruction. The U.S. Supreme Court bolstered this anti-progressive movement federalism  with decisions in the Slaughterhouse Cases, the Civil Rights Cases, and United States v.

Learn more about

Reconstruction

on:
brainly.com/question/24761999

#SPJ4

6 0
1 year ago
Comfy Mattresses, Inc., is opening a new plant in Orlando, Florida. Ron Lane, distribution manager, has been asked to find the l
romanna [79]

Answer:

The question content is not complet. Here is the complete question I got from google

Comfy Mattresses, Inc., is opening a new plant in Orlando, Florida. Ron Lane, distribution manager, has been asked to find the lowest cost outbound logistics system. Given an annual sales volume of 24,000 mattresses, determine the costs associated with each option below.

a. Build a private warehouse near the plant for $300,000. The variable cost, including warehouse maintenance and labor, is estimated at $5 per unit. Contract carrier transportation costs $12.50 per unit on average. No external transportation services are necessary for shipment of mattresses from the plant to the warehouse in this scenario. The fixed warehouse investment can be depreciated evenly over 10 years.

b. Rent space in a public warehouse 10 miles from the plant. The public warehouse requires no fixed investment but has variable costs of $8 per unit. Outbound contract carrier transportation would cost $12.50 per unit on average. The carrier at charges $5 per unit to deliver the mattresses to the warehouse from the plant.

c. Contract the warehousing and transportation services to the Freeflow Logistic Company, an integrated logistics firm with a warehouse location 25 miles from the plan. Freeflow requires a fixed investment of $150,000 and charges $20 per unit for all services originating at the plant. The fixed investment covers a 10-year agreement with Freeflow.

d. Name a few advantages aside from cost that the low-cost alternative above may have over the other alternatives.

Explanation:

Let us weigh different options for Comfy Mattresses:

Option A

building cost for a private warehouse near the plant(one time fixed cost)  = $300,000

maintenance warehouse of  $ 5 per unit= (24000 X5) = $120,000

cost of contract carrier $12.50 per unit = (24000X12.50) = $300,000

Total cost = $420,000 $(120000+300000)

Depreciation @ 10% = $30,000

Total cost in a year = $450,000 (Total cost + Depreciation = $(420000 +30000))

Option 2

Variable cost=  (24000 X8) $192000

Transportation of outbound carrier = (24000X12.50) $300,000

Carrier charges from warehouse to plant= (24000 X5) $120,000

Total = $612,000 (192000+300000+120000)

Option 3

Company's freeflow Logistic - Fixed investment = $150,000

Other charges =  (24000 X20) = $480,000

Total = $630,000 = $(150000 + 480000)

The best option is the first option. The investment in the first  is more, but after deducting a depreciation of 10% every year the cost would be much less. The total cost in the first year  would be $750,000 if we take depreciation which is more than the 2nd and 3rd option.

The cost will be drastically reduced for the second year. It will  be $450,000, which covers the extra investment done in the warehouse during the first year. From the third year onward, the benefit of going with the first option will start showing.

If we are to  rate all the options, Option 3 would be second in order, after the first option. Here Comfy Mattresses Inc outsources all the services to a private vendor  by paying little extra amount than Option 2. Ina way all the risk as well as tension of transportation and running the plant is passed on the the vendor (Freeflow Logistic Company).

8 0
3 years ago
Britney, a teenager, starts her own business of selling cupcakes to coffee shops and restaurants. she strives to increase either
Orlov [11]

What the case in the question describes in terms of what Britney’s pricing objective is called sales-orientation. Sales-orientation means that <u>the business approach is to make profit by focusing on persuading people to buy their products instead of understanding what the customer actually requires. </u>

The contrast to this approach is called <em>market orientation</em>, where the business seeks to understand what the customer wants and needs and believe that the answer to this would mean increased profits and revenue for the company.

4 0
3 years ago
Which behavior demonstrates courtesy toward others in the workplace?
Alecsey [184]

The behavior which demonstrates courtesy toward others in the workplace is, consulting with a coworker before intervening in one of his or her projects.

Answer: Option D.

Explanation:

Courtesy is being polite and kind. It means showing politeness in ones behavior. So the most appropriate behavior of courtesy in workplace is mostly certainly consulting before involving in his/her project.

Asking before intervening is important so as to avoid any conflict between the workers and it is also a good gesture towards other co workers. This thus demonstrates the courtesy towards others. Consulting shows respectfulness towards the other person, thus resulting in courtesy behavior.

8 0
3 years ago
Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory syste
inessss [21]

Answer:

The journal entries are recorded below;

Explanation:

July 1.

1. Inventory   Dr.$6,700

  Accounts Payable Cr.$6,700

2. A/R Creek Co.    Dr.$950

   Sales Revenue   Cr.$950

Cost of Goods Sold Dr.$558

Inventory                  Cr.$558

3. inventory   Dr.$125

   Cash          cr.$125

8.  Cash          Dr.$2,400

     Sales Revenue Cr.$2,400

Cost of Goods Sold    Dr.$2,000

Inventory                     Cr.$2,000

9. Inventory      Dr.$2,400

  Accounts Payable-Leight Co   Cr.$2,400

11. Accounts Payable Dr.$400

 Inventory                 Cr.$400

12. Cash                  Dr.$931

    Discount Allowed Dr.$19

    A/R CreekCo.         Cr.$950

16.  Accounts Payable   Dr.$6,700

     Bank                            Cr.$6,566

    Inventory                      Cr.$  134

19. A/R Art Co       Dr.$1,200

    Sales Revenue  Cr.$1,200

Cost of Goods Sold   Dr.$800

Inventory                    Cr.$800

21. Allowance on Goods Dr.$200

   A/R Art Co.                   Cr.$200

24.  Accounts Payable     Dr.$2,400

      Bank                            Cr.$2,352

      Inventory                     Cr.$48

30.   Bank     Dr.$1,000

       A/R Art Co.(1,200-200)  Cr.$1,000

31. A/R Creek Co.   Dr.$6,900

    Sales Revenue   Cr.$6,900

Cost of Goods Sold    Dr.$5,500

Inventory                    Cr.$5,500      

7 0
3 years ago
Read 2 more answers
Other questions:
  • Vanessa’s snowboard manufacturing company has encountered problems with one of its computerized decal makers. Vanessa might get
    12·1 answer
  • Which one of the following would NOT result in incremental cash flows and thus should NOT be included in the capital budgeting a
    14·1 answer
  • (a) On March 2, Shamrock Company sold $897,900 of merchandise to Pharoah Company on account, terms 2/10, n/30. The cost of the m
    7·1 answer
  • What are four reasons to limit the scope of a small business
    5·1 answer
  • Tesco is saving 3 million usd a year alone in landfill taxes by simply sending its used cooking oil and chicken fat to be used t
    11·1 answer
  • What is an example of an interest leading to a career choice?
    7·1 answer
  • Thyme Co. has office furniture that cost $53,400 . Thyme’s managers can either sell the office furniture in its current state fo
    8·1 answer
  • The CCCS aids families by:
    10·1 answer
  • What is meant by goal maximization of the shareholders' wealth?​
    10·1 answer
  • Colbert, and $1,300,000 for stewart. what was consolidated cost of goods sold for 2021?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!