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aliina [53]
3 years ago
11

Journalize the following merchandise transactions, using the net method under a perpetual inventory system.

Business
1 answer:
Olenka [21]3 years ago
6 0

Answer:

Part a

Debit : Accounts Receivable $18,000

Debit : Cost of Sales $10,800

Credit : Sales Revenue $18,000

Credit : Inventory $10,800

Part b

Debit : Cash  $16,200

Debit : Discount allowed $1,800

Credit : Accounts Receivable $18,000

Part c

Debit : Accounts Receivable $600

Credit : Cash $600

Explanation:

The perpetual method calculates the cost of sales for each transaction made.

See the journals prepared as above

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Answer: GDP data that has been adjusted for changes in the price level

Explanation:

Real GDP refers to the Nominal GDP adjusted for inflation. Nominal GDP calculates the value of final goods and services in the Economy by using the price levels of that year so if inflation has occurred, comparing it to previous years would be inaccurate.  

The Real GDP would use the price levels of a base year to calculate the GDP of the current year so that the effect of inflation may be negated and the real growth of the economy can be seen.

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2 years ago
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2 years ago
suppose the returns on long term corporate bonds and T-bills are normally distributed. Based on the values below answer the foll
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Answer:

32.35% ( the probability that in any given year, the return on long-term corporate bonds will be greater than 10 percent )

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3 years ago
Suppose that the Federal Reserve conducts open market operations by purchasing $1,000 worth of government securities from Bank A
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Answer:

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