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Arada [10]
3 years ago
11

Journalize transactions and follow through accounting cycle to preparation of financial statements.

Business
1 answer:
MrRa [10]3 years ago
8 0

Answer:

Salaries expense DR. $1220

Cash Cr. $1220

Cash Dr. $1860

Account receivable Cr. $1860

Cash Dr. $3810

Account receivable Cr. $3810

Purchases Dr. $3900

Cash Cr. $3900

Explanation:

Accounts payable Dr. 2600

Cash Cr. $2600

Rent expense Dr. $450

Cash Cr. $450

Account receivable Dr. $980

Services Cr. 980

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The answer would be D or C
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A real estate professional specializes in helping both buyers and sellers with the necessary paperwork involved in transferring
ElenaW [278]

Answer:

a transactional broker.

Explanation:

A disclosure is a legally binding agreement between the buyer and seller of a property, wherein the seller highlights all the information or details they know about the property for the purpose of enlightening and informing the buyer. It contains informations such as legal encumbrance, structural flaw, size of property etc.

In this scenario, a real estate professional specializes in helping both buyers and sellers with the necessary paperwork involved in transferring property. Although not an agent of either party, the real estate professional may not disclose either party's confidential information to the other. Thus, the real estate professional is best described as a transactional broker who is licensed to practice within the state.

4 0
3 years ago
What is NOT a reason for companies to merge?
Sedbober [7]

Answer: A merger results in reduced competition and a larger market share. Thus, the new company can gain a monopoly and increase the prices of its products or services

Explanation:

6 0
2 years ago
3) mario's home systems has sales of $2840, costs of goods sold of $2180, inventory of $508, and accounts receivable of $432. ho
Novay_Z [31]

84.84 days take Mario's to sell its inventory.

<h3>What is meant by Inventory?</h3>

All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory.

The products and materials that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory or stock. The main focus of inventory management is determining the location and shape of stocked commodities.

Data given in the question:

Sales = $2,880

costs of goods sold = $2,220

Inventory = $51

Accounts receivable = $436

Now,

Time taken to sell inventory = 365 ÷ ( Inventory Turnover Ratio )

also,

Inventory Turnover Ratio = [ Cost of goods sold ] ÷ [ Average inventory ]

= $2,220 ÷ $516

= 4.3023

Therefore,

Time taken to sell inventory = 365 ÷ 4.3023

= 84.84 days

To learn more about Inventory refer to:

brainly.com/question/24868116

#SPJ4

6 0
2 years ago
When a competitive market comes under the control of a monopoly, the quantity and price change from:
Katena32 [7]

Answer:

  • Quantity from E to D.
  • Price from B to A

Explanation:

Firms maximise their profit by supplying at the point where marginal revenue equals marginal cost.

In a Perfect competition, the Demand curve is also the Average revenue as well as the Marginal Revenue curve. As such, the company will sell where the marginal cost curve intersects with the Demand curve which was at point E. The price will therefore be at point B.

When the firm comes under a monopoly, it will start to supply as a monopoly does. In the Monopoly, the Marginal revenue curve is less than the demand curve and so the point where the MC curve intersects with the MR curve is the quantity they will supply at. That point is D. The price will be where this quantity intersects the demand curve which is at point A

5 0
3 years ago
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