Answer:
Credit to cash $230
Explanation:
Preparation of the Journal entry for the reimbursement of the account of Spencer Co.
Based on the information given we were told that the company spent the amount of $51 for delivery expenses, the amount of $159 for merchandise inventory, and the amount of $20 for miscellaneous expenses from their petty cash fund at the end of the month, which means that the journal entry to record the reimbursement of the account will be:
Dr Delivery expenses $51
Dr Merchandise inventory $159
Dr Miscellaneous expenses $20
Cr Cash $230
(To record petty cash reimbursement)
Answer: $31,513.65
my monthly payment (principal) would be closest to $31,514
Explanation:
Using compound interest formula below to find the principal
A = p (1 + r/n)^nt
A= amount = $34,000
r = annual nominal rate = 1.9% = 0.019
n = number of compounding ; monthly compounding means 12 interest payments in a year
P= principal
t= time in years 48months = 48/12years = 4years
34,000 = p (1 + 0.019/12)^12(4)
34,000 = p (1 + 0.00158333333)^48
34,000 = p ( 1.00158333333)^48
34,000 = 1.07889755p
Divide both sides by 1.07889755
P = $31,513.6502
≈$31,514 to nearest whole number.
Answer:
B) $ 485 $ 170
Explanation
The cost of goods manufactured includes all the manufacturing costs in a given period adjusting for changes in work in process balances. The total manufacturing costs are $ 630 but this results in an increase in work in process inventory by $ 145, so in other words, part of the total manufacturing costs have gone towards increasing the work in process balance.
So the cost of goods manufactured is $ 630 - $ 145 = $ 485.
The cost of goods sold is the cost of goods manufactured above adjusted for changes in finished goods.
so the cost of goods sold is $ 485 - $ 315 ( change in finished goods inventory) = $ 170.
Answer:
demand; inelastic
Explanation:
Price discrimination is when a seller charges different prices for the same product in different markets. Price discrimination is usually practised by monopolists. The aim of price discrimination is to eliminate consumer surplus.
A seller would usually charge a higher price to a consumer whose demand is price inelastic. This means that the quantity demanded is less sensitive to changes in price.
If the seller charges a higher price to a consumer whose demand is price elastic, the consumer would reduce the quantity demanded as a result of the rise in price and the total revenue of the seller would fall.
I hope my answer helps you
Answer:
Holding
Explanation:
When a company or a share holder owns a share which is more than 50 percent share of the company in the market, than than individual or company has a controlling shares in the company.
This gives him the right of deciding the in the meetings of the shareholders and to take control of the company's direction.
Such is an example of a Holding company. A holding company does not produce or manufacture any goods or sell anything. It is a company which owns outstanding stock of other companies and forms a group of companies.
