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3 years ago

He commenced business with Rs 60000 cash and goods worth Rs 20000 .(Journal entries)

Business

1 answer:

vitfil [10]3 years ago

8 0

Answer:

extra Rs 40000 remaining after subtracting 20000 from

60000,the reminder is 40000.

plus what's the question i just guessed the question,cause the was no visible Q!

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Huck Finn is thinking about purchasing some stock in Mississippi Mining Company (MMC). Huck uses the price/earnings ratio techni

musickatia [10]

Answer:

Profit earning ratio of MMC = 10%

Explanation:

Given:

Current stock price = $100

Yearly profit on each share = $10

Profit earning ratio (P\E ratio) =?

Computation of profit earning ratio:

Profit earning ratio (P\E ratio) = Current stock price / Yearly profit on each share

Profit earning ratio (P\E ratio) = $100 / $10

Profit earning ratio (P\E ratio) = 10

It is computed that MMC's Profit earning ratio is nearer to the industry averages P/E ratio so, the investor can wait for some time to purchase this stock.

4 0

3 years ago

Suppose nominal GDP in 2006 was $14460 billion. If the current year price index is 127. What was the real GDP for 2006 (in billi

Musya8 [376]

Answer:

$113.86 billion

Explanation:

Real GDP = nominal GDP/ price index

Real GDP = $14460 billion / 127 = $113.86 billion

I hope my answer helps you

7 0

3 years ago

elena is a regular customer at cuppo' coffee. she is the first customer to enter the coffee shop every morning and spends $10 f

Vera_Pavlovna [14]

Answer:

The management can make Elena a loyalty card holder or loyalty program member.

Explanation:

A customer loyalty program refers to a kind of reward program offered by a company to it's those customers who frequently purchase it's products or avail it's services.

Usually, under such loyalty programs, a customer is provided with a loyalty card, wherein for each purchases he/she makes, some loyalty points are earned. These loyalty points can collectively be redeemed later on, in the form of discounts.

So, in the current case, since elena is a frequent buyer of coffee on routine basis, the management can include her in their customer loyalty program and provide her with a loyalty card.

Such card will provide her with rewards and would make her feel privileged, strengthen her bond of loyalty with cuppo' coffee and may lead to increased customer share.

4 0

3 years ago

The mean cost of a meal for two in a mid-range restaurant in Tokyo is $40 (Numbeo website, December 14, 2014). How do prices for

natali 33 [55]

Answer:

a. 2.13. b. (30.53, 34.79). c. The mean prices for two in mid-range restaurants in Hong Kong are relatively less than those in Tokyo restaurants.

Explanation:

The size of the sample is 42 and the mean of the sample is ∑ $x_{i}n$ = 32.66 and the standard deviation of the sample (σ) is √[∑( $x_{i}$ -μ)^2 - 1] = √46.6092 = 6.8271

a. α = 1 - (95/100) = 0.05; α/2 = 0.025; the degree of freedom = n-1 = 42-1 = 41; tα/2 = t0.025 = 2.02. Thus, the error margin = (tα/2)*(σ/√n) = 2.02*(6.83/√42) = 2.1279

b. Lower level limit = 32.66 - 2.1279 = 30.5321; Upper level limit = 32.66+2.1279 = 34.7879. The interval estimate = (mean± margin of error) = (30.53, 34.79).

c. The mean prices for two in mid-range restaurants in Hong Kong are relatively less than those in Tokyo restaurants.

3 0

3 years ago

Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,500 and two j

Naddika [18.5K]

Answer:

Stine Company

1. Summary Journal Entries:

Debit Work in Process $10,400

Credit Materials $10,400

To record materials requisitioned for production.

Debit Work in Process $12,500

Credit Direct Labor $12,500

To record direct labor time tickets.

Debit Work in Process $7,500

Credit Manufacturing overhead $7,500

To record manufacturing overhead applied to production.

Debit Finished goods inventory $7,540

Credit Work in Process $7,540

To record the transfer of Job No. 429 to finished goods inventory.

2. Work in Process Inventory Control

Account Titles Debit Credit

Beginning balance $3,500

Direct materials 10,400

Direct labor 12,500

Overhead 7,500

Finished Goods Inventory $7,540

Ending Balance 26,360

Job Sheets Job 429 Job 430 Job 431 Total

Beginning WIP $2,000 $1,500 $3,500

Direct materials 2,500 3,500 $4,400 10,400

Direct labor 1,900 3,000 7,600 12,500

Manufacturing overhead (60%) 1,140 1,800 4,560 7,500

Finished Goods Inventory $7,540 (7,540)

Work in Process $9,800 $16,560 $26,360

Explanation:

a) Data and Computations:

Balance in Work in Process Inventory = $3,500

Job No. 429 $2,000

Job No. 430 $1,500

Job Materials Labor Time

Number Requisition Slips Tickets

429 $2,500 $1,900

430 3,500 3,000

431 4,400 $10,400 7,600 $12,500

General use 800 1,200

Total $11,200 $13,700

Total manufacturing overhead:

Indirect materials $800

Indirect labor $1,200

Total $2,000

5 0

2 years ago

He commenced business with Rs 60000 cash and goods worth Rs 20000 .(Journal entries) ​

He commenced business with Rs 60000 cash and goods worth Rs 20000 .(Journal entries)