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3 years ago

Read the scenario.

Business

2 answers:

Anastasy [175]3 years ago

8 0

Answer:

it D lease a new car on edge

Explanation:

klemol [59]3 years ago

4 0

Answer:

lease a new car.

Explanation:

Raul is better off leasing a new car due to the following reasons.

Raul likes to change things now and then. With a lease, he can change the make and model of cars and often as he pleases.
Raul does not have much money to repair and maintain his car. The best option is to lease a new car. A new car requires minimal maintenance. The cost of maintenance is not entirely up to Raul.

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Recording sales, returns, and discounts taken LO P2 Prepare journal entries to record each of the following sales transactions o

OLEGan [10]

Answer:

Apr. 1

Trade Receivable $6,600 (debit)

Sales Revenue $6,600 (credit)

Cost of Sales $3,960 (debit)

Merchandise $3,960 (credit)

Apr. 4

Sales Revenue $740 (debit)

Trade Receivable $740 (credit)

Merchandise $444 (debit)

Cost of Sales $444 (credit)

Apr. 8

Trade Receivable $2,800 (debit)

Sales Revenue $2,800 (credit)

Cost of Sales $1,960 (debit)

Merchandise $1,960 (credit)

Apr. 11

Cash $5,860 (debit)

Trade Receivable (credit)

Explanation:

Perpetual method of inventory keeps a record of cost of inventory after every sale.

Thus, for every sale transaction remember to recognize the Sales Revenue and the Cost of Sales that follow the sale.

For any returns, De-recognize the Sales Revenue - to the extend of the <em>credit granted</em> and also de-recognize the Cost of Sales to the extend of the <em>value of Inventory returned</em>.

4 0

4 years ago

A state or local government has the following funds Special revenue fund Pension (and other employee benefit) Enterprise fund Pe

SIZIF [17.4K]

Answer:

Sales taxes collected by Harold to be distributed to other governmental units: 500,000 ... A special revenue fund is a governmental fund that accounts for the proceeds of specific revenue sources legally ... A state or local government has the following funds: ... Both proprietary funds (enterprise and internal service) are listed.

Explanation:

The financial statements of governmental funds are prepared on the modified accrual basis of accounting. Under modified accrual accounting, revenues are recognized when they are both measurable and available to finance expenditures of the current period.

8 0

4 years ago

MC Qu. 141 Comet Company accumulated... Comet Company accumulated the following account information for the year: Beginning raw

artcher [175]

Answer:

the total factory overhead cost is $11,900

Explanation:

The computation of the total factory overhead cost is shown below:

= Indirect materials cost + Indirect labor cost + Maintenance of factory equipment

= $2,700 + $5,700 + $3,500

= $11,900

Hence the total factory overhead cost is $11,900

The same should be considered and relevant

7 0

3 years ago

Population of household composition, price of real estate in the area, availability of mortgage credit, consumer tastes, and inc

Viefleur [7K]

Answer:

Demand.

Explanation:

Population of household composition, price of real estate in the area, availability of mortgage credit, consumer tastes, and income of consumers are all indicators of demand.

Demand can be defined as an economic principle which involves the willingness of a customer to pay an amount of money (price) for a desired goods or services it need or requires.

Simply stated, demand for goods and services rest solely upon the consumer of such goods and services.

6 0

3 years ago

Joanna, a manager at TravelWorld, has set up a committee to develop procedures for dealing with company-wide training needs and

zepelin [54]

Answer:

Organizing.

Explanation:

As Joanna is a manager at TravelWorld. She has set up a committee to develop procedures for dealing with company-wide training needs and assigned people to conduct specific training programs. Joanna is engaged in organizing management function. In organizing function, effective managers arrange the work to achieve the defined organisational goals. Managers perform the organizing function when they organize and determine the particular tasks which are required to be done, who would be doing what, grouping the tasks, who will be reporting to whom and who is going to make the decisions accordingly.

6 0

3 years ago