All categories

4 years ago

ACCOUNTING

Computers and Technology

2 answers:

ExtremeBDS [4]4 years ago

8 0

Answer:

Under a perpetual inventory system, the adjusting entry to account for inventory shrinkage would include C) CREDIT TO INVENTORY

A café that sells smoothies often has fruit that becomes rotten and the employees have to throw it away. What type of system does the café use to count inventory? B) PERIODIC INVENTORY SYSTEM

Samantha is the manager of a sporting goods store. A customer came in to return a fishing reel because the reel did not work properly. In what type of account will Samantha record this transaction? D) CONTRA ACCOUNT

Which accounts are affected in the closing process under a perpetual inventory system? A) INCOME FROM OPERATIONS AND COST OF GOODS SOLD

Game Land is an online video game retailer that sells video games at discounted prices. Because the store is strictly online, it is important that they have all inventory accounted for and up-to-date inventory totals published on their website. Which inventory system is the best choice for Game Land to invest in? C) PERPETUAL INVENTORY SYSTEM

The entry to record the return of $25 of inventory to a supplier under the perpetual inventory system is recorded with a debit to C) ACCOUNTS PAYABLE AND A CREDIT TO INVENTORY. 

A furniture company in California needs to purchase wood to build its next line of patio chairs. The purchasing manager is looking into purchasing timber from a company that is located in Michigan, but will only agree to pay for the timber after it has been delivered. In this case, which party would pay for freight costs? B) THE FREIGHT COSTS WILL BE PAID BY THE SELLER

Refer to the following table:

What is the gross profit? A) $125,000

The following data are for the RoadRunner Corporation, which uses a perpetual inventory system:

What is the gross profit? $189,000

The Cambridge Market purchases a large variety of fans on May 1st in preparation for the hot summer weather. The market sells all their inventory of fans by September 15th. What is the operating cycle of fan inventory? D) MAY 1st - SEPTEMBER 15th

ivann1987 [24]4 years ago

7 0

last question is D

Hope this helps

You might be interested in

____ devices are high-performance storage systems that are connected individually to a network to provide storage for the comput

Brut [27]

Answer:lmlmlmlmlmlm

Explanation:

4 0

4 years ago

Explique si en la pc que se usa para hacer las tareas escolares se puede ver un video juego de los llamados “pesados”

frozen [14]

Cuando el proxeneta está en la cuna Baja como si estuvieras en llamas Baja como si estuvieras en llamas Baja como si estuvieras en llamas Cuando los cerdos tratan de llegar a usted Estaciona como si estuviera caliente Estaciona como si estuviera caliente Estaciona como si estuviera caliente Y si un negro consigue una actitud Pop como si estuviera caliente Pop como si estuviera caliente Pop como si estuviera caliente Tengo el Rolly en mi brazo y estoy derramando Chandon Y hago el mejor rollo de hierba porque lo tengo corriendo

3 0

4 years ago

Can you install Ubuntu on a hard drive by porting from the folder to the HDD?

Len [333]

No you can not. It will not allow you to

8 0

3 years ago

How can the IOSP model help us to design an app that solves a problem?

docker41 [41]

Answer:

Definition. IOSP. Input Output Server Processor. IOSP. Integrative and Organ Systems Pharmacology (course; various locations)

Explanation:

6 0

3 years ago

In what way do coastal mountains affect a regions climate

Inessa [10]

Their climate's will differ because one is on the coast so winds off the ocean often prevent extremes of hot and cold. This coastal areas have mild marine climates, with relatively mild winters and cool summers, and the Mountain ranges in a path of prevailing winds affect precipitation on either side of a mountain.

3 0

3 years ago

Read 2 more answers