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Evgen [1.6K]
3 years ago
11

Gullett Corporation had $37,000 of raw materials on hand on November 1. During the month, the Corporation purchased an additiona

l $86,000 of raw materials. The journal entry to record the purchase of raw materials would include a:
Business
1 answer:
Vlada [557]3 years ago
8 0

Answer: See explanation

Explanation:

The journal entry to record the purchase of raw materials is analysed below:

November:

Dr Raw materials $86000

Cr Cash or account payable $86000

It should be noted that as the raw material is increasing, the raw material account will be debited while as the cash or account payable I decreasing, it is credited.

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Suppose that the government wishes to decrease the market equilibrium monthly rent by increasing the supply the housing. Assumin
Allisa [31]

Answer:

  • ,000 new apartments will make the equilibrium price = $1,500
  • 10,000 new apartments will make the equilibrium price = $1,000
  • 15,000 new apartments will make the equilibrium price = $500

Explanation:

<u>Rent</u>                                <u>Demand</u>                           <u>Supply</u>

2,500.00                        10000                               15000

2,000.00                         12500                               12500

1,500.00                         15000                               10000

1,000.00                         17500                                 7500

500.00                           20000                               5000

The equilibrium quantity is 12,500 apartments with a $2,000 rent per month. If the government wants to lower the equilibrium rent price by increasing the supply of apartments, then it must build:

  • 5,000 new apartments will make the equilibrium price = $1,500
  • 10,000 new apartments will make the equilibrium price = $1,000
  • 15,000 new apartments will make the equilibrium price = $500
8 0
3 years ago
Which of the following is an advantage to using cash?
Helga [31]
A) Accepted everywhere

Explanation

A is the correct answer because paper money and change being accepted everywhere makes it a lot easier to use than other forms of payment which may not be accepted.

B cannot be the answer because a paper trail not being automatically created is not a good thing. If someone wished to track their purchases, it would be much harder to do so.

C cannot be the answer because it is very inconvenient to use physical money for large purchases because it often requires some sort of container for transportation and can be easily stolen or taken if the amount of money is revealed.

D cannot be the answer because an item being easy to lose cannot be a good thing unless one wishes to lose that item. Typically, one does not wish to lose money, so this answer would not work.
7 0
3 years ago
At the beginning of the year, a company predicts total overhead costs of $770,100. The company applies overhead using machine ho
Tanzania [10]

Answer:

$12,240

Explanation:

For the computation of the amount of overhead first we need to find out the predetermined overhead rate which is shown below:-

Predetermined overhead rate = Overhead cost ÷ Machine hours

= $770,100 ÷ 1,510

= $510

Amount of overhead should be applied to Job 65A = Predetermined overhead rate × Machine hours during January

= $510 × 24

= $12,240

We simply applied the above formula

6 0
4 years ago
A way that traditional retailers can compete with online retailers is to: Multiple choice question. use franchises that deliver
Arisa [49]

In order to compete with the online retailers, the traditional retailers can use franchises that deliver, require an administered system for all, and increase their market share.

<h3>Who is a retailer?</h3>

A manager or owner of a business organization or a unit that specializes in selling of products to their customers, which they procure from the supplier, is known as a retailer.

Hence, options A, C and D hold true regarding the traditional retailers.

Learn more about a retailer here:

brainly.com/question/22529010

#SPJ1

7 0
3 years ago
Effective teams (1) function so well they create their own magnetism, (2) are interested in others' success as well as their own
MariettaO [177]

Answer:Only statements 1 and 2 are correct

Explanation: An effective team involves people who interact with each other to accomplish certain goals or meet certain needs. Team members work intensely with each other to achieve a specific, common goal or objective. This therefore attracts other people to them, that is magnetism. In as much as they look out to achieve their goals, they are also interested in others' success.

7 0
3 years ago
Read 2 more answers
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