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3 years ago

Information related to Riverbed Co. is presented below.

Business

1 answer:

Scrat [10]3 years ago

7 0

Answer:

April 5

Debit : Merchandise $36,000

Credit : Accounts Payable - Tamarisk Company $36,000

April 6

Debit : Accounts Payable - Tamarisk Company $920

Credit : Cash $920

April 7

Debit : Equipment $30,500

Credit : Accounts Payable $30,500

April 8

Debit : Accounts Payable - Tamarisk Company $4,200

Credit : Merchandise $4,200

April 15

Debit : Accounts Payable - Tamarisk Company $30,880

Credit : Discount received $926.40

Credit : Cash $29,954

Explanation:

Working for Journal on April 15

Balance = $36,000 - $920 - $4,200

= $30,880

Discount = $30,880 x 3%

= $926.40

Amount Paid = $30,880 - $926.40

= $29,954

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3 years ago

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GREYUIT [131]

Answer:

decrease the stockholder equity and decrease in assets

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3 years ago

Tom elects the Life Income with 10-year Period Certain settlement option. Tom dies in year 6. The beneficiary receives payments

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Answer:

B. 4 years

Explanation:

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3 years ago

The Heartlake Corporation manufactures and sells toy gyroscopes. The following data is related to sales and production of the to

ryzh [129]

Answer:

The Question is Incomplete; Full Question is as follows;

Using variable costing, what is the contribution margin for last year?

Contribution Margin = $362,900

Explanation:

Computation of expenditure margin by differential costing;

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Sales (190,000 *$8.20)

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= $349,600

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Keep in mind that; Set or Fixed expenses and overhead costs are not taken into account when trying to calculate the contribution margin.

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