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3 years ago

Special journals

Business

1 answer:

nikitadnepr [17]3 years ago

8 0

Answer:

Special journals

Indication of the journal to record a transaction:

Transaction Journal

1. Paid interest on a loan. _____ a cash disbursements journal (CD)

2. Recorded depreciation expense. _____ a general journal (GJ)

3. Purchased furniture for cash. _____ a cash disbursements journal (CD)

4. Purchased merchandise on account. _____ a purchases journal (PJ)

5. Sold merchandise on credit (the sale only, not the cost of the merchandise). _____ a sales journal (SJ)

6. Sold merchandise for cash (the sale only, not the cost of the merchandise). _____ a cash receipts journal (CR)

7. Paid rent. _____ a cash disbursements journal (CD)

8. Recorded accrued interest payable. _____ a general journal (GJ)

9. Paid advertising bill. _____ a cash disbursements journal (CD)

10. Recorded bad debt expense. _____ a general journal (GJ)

11. Sold machinery on credit. _____ a general journal (GJ)

12. Collected cash from customers on account. _____a cash receipts journal (CR)

13. Paid employees wages. _____ a cash disbursements journal (CD)

14. Collected interest on a note receivable. _____ a cash receipts journal (CR)

Explanation:

Journals are used to record business transactions as they occur on a daily basis. The general journal serves all purposes. Special journals records transactions of a specific type, such as sales or purchases.

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Answer:option (e)

None of the above

Explanation:

The mid quarter convention applies to this MACRS calculation.

§ 179 expense $500,000

Additional first-year depreciation= [($650,000 - $500,000) × 0.50]

$75,000 MACRS cost recovery ($75,000 × 0.05) 3,750

Total = $78,750

Income from the business before the cost is recovered is $600,000 less. Therefore, the Total cost recovered;

Total cost recovery= (78,750)

§ 179 business income limitation $521,250

Therefore, Augie's total cost recovery deduction;

= $500,000 + $78,750

= $578,750.

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3 years ago

More than 90 percent of cereal is consumed at breakfast, but ads for Kellogg's Cracklin' Oat Bran says it tastes like oatmeal co

Paladinen [302]

Answer:

B. Market Development

Explanation:

Market development is a growth strategy that identifies and develops new market segments for a product.

In this question, yes the cereal is mostly consumed at breakfast, but the Kellogg's Oat Bran is developing the market by portraying the Oat Bran as a snack rather the breakfast.

Targeting and developing the new customers to be the consumer of the product is at the heart of the strategy.

In a way, it's about literally developing the market for your product is not currently your consumer yet.

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3 years ago

Jason felt the restaurant was too expensive for his taste as soon as he looked at the menu posted on the outside wall by the ent

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A product used in this way is known as a Benchmark Item.
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By seeing the price of Burger in this particular situation, Jason could predict the price of other product that being sold in that place.

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3 years ago

Amazon has the following information for the month of March.

hram777 [196]

Answer:

(a) schedule of cost of goods manufactured

Raw Materials 409,300

Direct labor 117,000

Factory overhead 102,000

Add Opening Work in process 55,600

Less Closing Work in process (77,900)

Cost of goods manufactured 606,000

(b) an income statement for the month ended March 31

Sales 1,167,000

Less Cost of Sales

Opening Finished goods inventory 65,400

Add Cost of Goods Manufactured 606,000

Less Closing Finished goods inventory (82,200) (589,200)

Gross Profit 577,800

Sales and administrative expenses (371,000)

Net Income 206,800

Materials inventory 91,500

Work in process 77,900

Finished goods inventory 82,200

Total 251,600

Explanation:

(a) schedule of cost of goods manufactured

Materials Used in Production = Opening Materials inventory + Purchases - Closing Materials inventory

= 83,300 + 417,500 - 91,500

= 409,300

schedule of cost of goods manufactured

Raw Materials 409,300

Direct labor 117,000

Factory overhead 102,000

Add Opening Work in process 55,600

Less Closing Work in process (77,900)

Cost of goods manufactured 606,000

(b) an income statement for the month ended March 31

Sales 1,167,000

Less Cost of Sales

Opening Finished goods inventory 65,400

Add Cost of Goods Manufactured 606,000

Less Closing Finished goods inventory (82,200) (589,200)

Gross Profit 577,800

Sales and administrative expenses (371,000)

Net Income 206,800

Materials inventory 91,500

Work in process 77,900

Finished goods inventory 82,200

Total 251,600

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3 years ago

3. What was the purpose of the Thierenstadt ghetto?

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The Thierenstadt ghetto was installed to primarily keep the elderly and prominent Jews and led into he final solution camps where the exterminations were happening.

In this ghetto extermination happened indirectly as the environment was made conducive for the death of the old people to live there.

It was accessible to journalists and the Red Cross and served as the distraction to the true horrors of what was happening in the concentration camps.

This was a sort of a public ruse but served as a camp too.

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