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3 years ago

What is journal entry is goods return to sanjay

1 answer:

5 0

Two Types of Goods Return:

Purchases Return or Return outward.
Sales Return or Return inward.
Purchases Return Goods

For Examples :

Purchases goods from Mrs. Kuheli Rs. 2000

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Al Darby wants to withdraw $20900 (including principal) from an investment fund at the end of each year for five years. How shou

labwork [276]

Answer:

$20,900 times the present value of a 5-year, 11% ordinary annuity of 1’

Explanation:

For computing the required initial investment we considered the following information

Withdrawn amount = $20,900

Time period = 5 years

Rate of interest = 11%

in mathematically,

= Withdrawn amount × Present value of a 5-year, 11% ordinary annuity of 1’

By this formula we can get the required initial investment

4 0

3 years ago

On july 1 of the current calendar year, plum co. paid $7,500 cash for management services to be performed over a two-year period

morpeh [17]

Dec 31 Management Services ....................................$1875

To Prepaid Expenses.....................................................$1875

(Being prepaid expenses recognised for the year)

6 0

3 years ago

Read 2 more answers

Calamata Corporation processes a single material into three separate products A, B, and C. During September, the joint costs of

Elena-2011 [213]

Answer:

20%

Explanation:

Gross profit is the net of sales and cost of sales. Gross Profit percentage is the ratio of gross profit to sales expressed as percentage.

Product Units Produced Final Sales Value per Unit Separate Costs

A 10,000 $25 $125,000

B 15,000 $30 $250,000

C 12,500 $24 $125,000

Total 37,500 $500,000

Sales Value

A (10,000 x $25) $250,000

B (15,000 x $30) $450,000

C (12,500 x $24) $300,000

Total Sales Value $1,000,000

Less

Joint Cost ($300,000)

Separable cost ($500,000)

Gross Profit $200,000

Gross Profit Percentage = ( $200,000 / $1,000,000 ) x 100 = 20%

8 0

3 years ago

While building the ancient pyramids, the Egyptians performed several management functions. They submitted written requests and c

geniusboy [140]

Answer:

a, b and c i.e Organizing, Planning and Controlling

Explanation:

Note: Since more than one option is to be selected, the three terms have been provided as an answer

Organizing is the management function concerned with creation of organizational hierarchy, defining roles and objectives and authority and reporting responsibilities.

Planning refers to providing for unforeseen future events and deciding the ways to deal with them.

Directing refers to the management function of guiding, supervising and leading people with an objective to meet organizational goals and extract efficient performance.

In the given case, written request signifies planning, creation of a staff and consulting before arriving at decisions refers to organizing and controlling function.

4 0

3 years ago

Today, you borrowed $3,200 on a credit card that charges an interest rate of 12.9 percent, compounded monthly. How long will it

miskamm [114]

Answer:

It will take me = 30.99 years to pay-off the borrowed amount paying $60.00 every month

Explanation:

SOLUTION:

Using the Formula: A = P(1+r/n) ${nt}$

Where:

A= $60.00;

P = $3,200.00;

r = 12.9%;

n = 12

t =?

Substituting the values into the Formula =

$60 = $3,200(1 + 12.9%/12) ${12t}$

= $60 = $3,200(1 + 12.9%/12) ${12t}$

= $60.00 = $3,200.00 (1 + 0.129/12) ${12t}$

= $60.00 = $3,200.00 (1 + 0.01075 ) ${12t}$

= $60.00 = $3,200.00 (1.01075 ) ${12t}$

= $60.00/$3,200.00 = $3,200.00 (1.01075 ) ${12t}$ /$3200.00

= 0.01875 = (1.01075) $12t$

= Using the law of logarithm

= log $A^{N}$ = Nlog A

=12tlog(1.01075) = log0.01875

= 12log(1.01075)/(1.01075) = log0.01875/log(1.01075)

= 12t = log(0.01875)/log1.01075

= 12t = 1.7270/0.04644

Divide 12 by both sides

=12t/12 = 371.88774/12

t= 30.9898

∴ 30.99 years

It will take me = 30.99 years to pay-off the borrowed amount paying $60.00 every month

3 0

4 years ago

What is journal entry is goods return to sanjay​

What is journal entry is goods return to sanjay