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Serjik [45]
3 years ago
5

Journalize the following transactions for the Evans Company. Assume the company uses a perpetual inventory system.

Business
1 answer:
marta [7]3 years ago
4 0

Answer:

Evans Company

General Journal

Part a.

Debit : Cash $645

Debit : Cost of goods sold $375

Credit : Sales Revenue $645

Credit : Merchandise $375

Part b.

Debit : Cash $432

Debit : Cost of goods sold $195

Credit : Sales Revenue $432

Credit : Merchandise $195

Part c.

Debit : Accounts Receivable $670

Debit : Cost of goods sold $438

Credit : Sales Revenue $670

Credit : Merchandise $438

Part d.

Debit : Credit Card fees $85

Credit : Cash $85

Explanation:

The Perpetual inventory system calculates the cost of sale and inventory balance on each and every sale made hence the journals above.

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Alexxandr [17]

Answer:

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Explanation:

pls mark brainliest

6 0
3 years ago
According to current law, for works created after 1976, what are the copyright durations for a creator and for a corporation?
Elenna [48]
Answer:
For the creator, the copyright duration is the lifetime of the author plus 50 years.
For a corporation, the copyright duration is 75 years.

Details:
The copyright Act of 1976 was a revision of the previous copyright Act of 1988.
Another revision enacted by the 1976 copyright law was to increase the extension of copyrighted material before 1978 that was not in the public domain. The increase was from 28 to 47 years or a total duration of 75 years.
5 0
3 years ago
Managers are constantly seeking out new tools to meet new challenges. Indicate whether today’s manager’s are more or less aware
Galina-37 [17]

Answer:

Customer relationship management system​ (CRM)

Explanation:

A <em>CRM </em>system is what keeps the customer coming back. Instead of targeting each customer with a default bundle of products that are trending, the customer relationship management system tracks down the customer's habits and preferences, creating a tailor-made approach. Every customer is different in things he/she wants to buy. This way, marketing gets more customized and customer statistics generates better reports (more insight for the long-term).

7 0
2 years ago
U Do It Centers deposited $3,200 in an account two years ago and is depositing another $5,000 today. A final deposit of $3,500 w
GaryK [48]

Answer:

Total= $13,221.52

Explanation:

Giving the following information:

Deposited $3,200 in an account two years ago and is depositing another $5,000 today.

A final deposit of $3,500 will be made one year from now.

Interest expense= 4.85% compounded annually.

We need to calculate the final value of each deposit using the following formula:

FV= PV*(1+i)^n

First deposit= 3,200*(1.0485^5)= $4,055.01

Second deposit= 5,000*(1.0485^2)= $5,496.76

Third deposit= 3,500*(1.0485)= $3,669.75

Total= $13,221.52

4 0
3 years ago
Goodwin Technologies, a relatively young company, has been wildly successful but has yet to pay a dividend. An analyst forecasts
Lemur [1.5K]

Answer:

horizon value at year 5 = Div₆ / (Re - g)

  • Div₆ = ($2.75 x 1.143²) x 1.0372 = $3.726384483
  • Re = 12.4%
  • g = 3.72%

horizon value at year 5 = $3.726384483 / (12.4% - 3.72%) = $42.93

current value P₀ = $2.75/1.124³ + $3.14325/1.124⁴ + $46.52273/1.124⁵ = $1.937 + $1.969 + $25.932 = $29.838 ≈ $29.84

1) dividend yield = 0/$29.84 = 0%

capital gains yield = (P₁ - P₀) / P₀

P₁ = $2.75/1.124 + $3.14325/1.124² + $46.52273/1.124³ = $2.447 + $2.488 + $32.762 = $37.697 ≈ $37.70

capital gains yield = ($37.70 - $29.84) / $29.84 = 26.34%

2) Goodwin has yet to record a profit (positive net income). Is this statement a possible explanation for why the firm hasn't paid a dividend yet?

A. Yes

Since dividends must be paid out from net profits or retained earnings.  

8 0
3 years ago
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