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2 years ago

5

If merchandise costing $500 is sold on account for $620, how is this transaction recorded when using a perpetual inventory syste

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1 answer:

kipiarov [429]2 years ago

5 0

Answer:

Explanation:

Debit Accounts Receivable and credit Sales Revenue for $620;

DEBIT: Cost of Goods Sold CREDIT: Inventory for $500

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Luci has worked as a customer service representative for two years. She believes that this job has improved her ability to cope

vichka [17]

Answer:

<em><u>Self-efficacy.</u></em>

Explanation:

Self-efficacy at work is a personality trait that impacts the attitude employees will take when performing challenges and tasks in an organization.

When the level of self-efficacy is high, employees are self-motivated to commit more and more deeply to their work, setting goals and objectives to achieve complex tasks, which are seen as results of personal effort and overcoming.

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3 years ago

Why do people feel more compelled to work with a leader who demonstrates responsibility

Flura [38]

Answer:

why do people feel more compelled to work with a leader who demonstrates responsibility?

People feel more compelled to work with a leader who demonstrate responsibility because such leader leads by example as a matter of fact most people are always ready to work without being forced to as a result of act of willingness displayed by such leader

Explanation:

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3 years ago

Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans pro

Ksivusya [100]

Answer:

Purchases (in pounds)= 92,550

Total cost= $16,936,650

Explanation:

Giving the following information:

Budgeted production:

2nd quarter= 248,000 units

3rd quarter= 60,500 units

Beginning inventory= 74,400 pounds

Each unit requires 0.60 pounds of raw material

Buying price= $183 per pound.

Desired ending inventory= 50% of next quarter’s budgeted materials.

To calculate the budgeted purchase of raw materials, we need to use the following formula:

Purchases= sales + desired ending inventory - beginning inventory

Purchases (in pounds)= (248,000*0.6) + (60,500*0.6)*0.5 - 74,400

Purchases (in pounds)= 148,800 + 18,150 - 74,400

Purchases (in pounds)= 92,550

Total cost= 92,550*183= $16,936,650

4 0

3 years ago

Rockwell Inc. reported the following results for the year ended June 30, 2016:

pychu [463]

Answer:

See attached file

Explanation:

The Retained Earnings Statement is prepared to show changes in the amount of retained earnings over the accountable period. Retained earnings and Stockholders´ contributions are the main accounts in Stockholders´ Equity.

The first ones are profits reserved by the company to invest in future projects rather than distribute as dividends to shareholders, that’s why are calculated as follows:

Retained Earnings Final Balance = Retained Earnings Beginning balance – Dividend in cash – Stock dividend + Net Income – Net loss.

Stock Divided will register as Stockholders´ contributions.

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3 years ago

"Imagine you own a successful startup company that’s been doing well for several years. You think you can grow your company if y

Lapatulllka [165]

Answer:

Going from private company to public company

Explanation:

This will help the startup to boost its industry connections and get involved in the redefining the company's future with wider access to finance that comes by listing the organization in stock exchange. Stock exchange provides a pool of investors that are willing to invest in your company.

Going public will give the company wider access to industry, expansion options, suppliers redefining, etc. All this will be possible by the wider industry connections.

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3 years ago