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netineya [11]
3 years ago
11

18) 20 points Steve's Hardware Store uses the perpetual inventory system. The business incurred the following transactions: A. O

n November 1, 10 snow blowers were purchased on account at $1,000 each. Credit terms were 2/10, net 30. B. On November 10, the business sold three of the snow blowers on account at $1,500 each. The credit terms were 2/10, net 30. C. OnNovember12,thebusinesspaidforthesnowblowerspurchasedonNovember1. D. On November 20 Steve's received payment for the November 10 sale. E. On November 30, the business paid rent of $1,500 and wages of $2,000.
Business
1 answer:
andrey2020 [161]3 years ago
7 0
The first one is the right answer
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True or faults caffeine and other energy boosters can be used to effectively compensate for fatigue
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Define and explain each concept and give specific examples: a. Marginal Propensity to Consume and Marginal Propensity to Save (
siniylev [52]

Answer:

The marginal propensity to save (MPS) is the portion of each extra dollar of a household's income that's saved. MPC is the portion of each extra dollar of a household's income that is consumed or spent. Consumer behavior concerning saving or spending has a very significant impact on the economy as a whole.

Multiplier Effect

for every dollar the government spends, it will create a greater than one dollar change in GDP

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the fraction of any change in disposable income that is consumed; MPC = change in C / change in DI

Marginal Propensity to Save

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3 0
3 years ago
During 2015, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase t
Kaylis [27]

Answer:

Cost of Good Sold Using Fifo $40,570

Ending inventory using Fifo $3,600

Ending inventory Using Specific Identification can not be calculated as the total sales (555) exceeds the available inventory (510)  

Explanation:

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What were two most challenging educational experiences? Explain why they were challenging
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3 years ago
At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied.
nika2105 [10]

Answer:

$2.25 per unit

Explanation:

The computation of the cost per equivalent is shown below:

= Total conversion cost ÷ total units completed

where,

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And, the number of units is

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So, the cost per equivalent unit for conversion cost is

= $291,375 ÷ 129,500 units

= $2.25 per unit

4 0
3 years ago
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