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Mariulka [41]
2 years ago
15

Which of the following statements is correct? Multiple Choice A transaction that is properly recorded in the cash payments journ

al will always include the recording of an amount in the Cash Debit column. The entry to record the payment of an invoice within the cash discount period would include a debit to the Purchases Discounts account. The entry to record a cash purchase of merchandise would include a debit to Purchases and a credit to Cash. Purchase discounts is a contra revenue account.
Business
1 answer:
Arturiano [62]2 years ago
4 0
Yes choice a is right
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Bengal Co. provides the following sales forecast for the next three months: July August SeptemberSales units 4,200 4,900 4,760Th
nexus9112 [7]

Answer:

Hie, on the choice of answers provided by your question there is no correct answer.

The correct answer for budgeted production units for July are 4,375 units

Please see below explanation and calculation i have prepared for the answer.

Prepare a Production Schedule for July as follows :

                                                                                     <u>July</u>

Budgeted Sales                                                          4,200

Add Budgeted Closing Inventory (4,900 × 25%)      1,225

Total Production Needed                                          5,425

Less Budgeted Opening Inventory                          (1,050)

Budgeted Production                                                4,375

8 0
3 years ago
Administrators at a university will charge students $175 to attend freshman orientation. It costs $6400 to reserve a room, hire
LUCKY_DIMON [66]

Answer:

the number of students to register for break even is 40 students

Explanation:

The computation of the number of students to register for break even is as follows

Let us assume the break even point be X,

Now as we know that

At break even

Total Expense = Total Revenue

$6,400 + $15 × X = $175 × X

160 × X = $6,400

So,

X = $6,400 ÷ 160

= 40 students

hence, the number of students to register for break even is 40 students

8 0
3 years ago
Oscar is thinking of quitting his job and buying a business. He thinks he will earn $100,000 in the first year. He currently wor
zepelin [54]
Oscars opportunity cost for buying the business is 50,000
7 0
3 years ago
Whitt's bbq has sales of $1,318,000, a profit margin of 7.4 percent, and a capital intensity ratio of .78. what is the total ass
tankabanditka [31]
Based on the given figures above, the  total asset turnover rate is 1.28. To get the <span>1.28, you need to use the below formula:

</span>

Total asset turnover= 1/ capital intensity ratio


The capital intensity ratio given is 0.78


Therefore you calculation should be:


Total asset turnover = 1 / .78


Total asset turnover = 1.28


3 0
3 years ago
A consumer has ​$140 in monthly income to be spent on two goods Z and B. The price of good Z ​(Pz​) is ​$6.00. The Marginal Rate
romanna [79]

Answer:

3 and 46.67 units

Explanation:

The formula and the computations are shown below:

The price of good B is

= {The price of good Z (Pz)} ÷ {Marginal rate of transformation}

= {$6} ÷ {2}

= 3

Now the number of units to be purchased for all income used is

= (Monthly income spent on two goods) ÷ (price of good B)

= ($140) ÷ (3)

= 46.67 units

By applying the above formula we can find out the price of good B and the number of units purchased

5 0
3 years ago
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