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katovenus [111]
3 years ago
14

Selected transactions for Ayayai Corp. during its first month in business are presented below.

Business
1 answer:
stealth61 [152]3 years ago
3 0

Answer:

Sept 1. Cash (Dr.) $18,000

Common Stock (Cr.) $18,000

5. Equipment (Dr.) $8,500

Cash (Cr.) $2,500

Accounts Payable (Cr.) $5,000

8. Accounts Receivable (Dr.) $18,000

Service Revenue (Cr.) $18,000

14. Salaries Expense (Dr.) $1,200

Cash (Cr.) $1,200

25. Accounts Payable (Dr.) $2,500

Cash (Cr.) $2,500

30. Dividend Paid (Dr.) $500

Cash (Cr.) $500

Explanation:

T- Accounts:

Debits

Cash 11,800

Equipment 8,500

Accounts Receivable 18,000

Salaries Expense 1,200

Total 39,500

Credits

Service Revenue 18,000

Accounts Payable 2,500

Common Stock 18,000

Dividend Paid 500

Total 39,500

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Placing barcodes on multiple sides of products and not bagging groceries are examples of ____________________ which allow Aldi t
VLD [36.1K]

Aldi uses supply chain innovations for printing barcodes on many sides of products and without bagging groceries to increase productivity.

Getting the best suppliers and materials is the foundation of innovation in supply chain management.

The supply chain can be innovated in five key areas:

1. Design for Assembly: This is the process of creating a product in a way that makes assembly as simple as possible, for example, by reducing the quantity of pieces or components.

2. Planning for Production: This refers to making the product simple to manufacture, which eventually lowers the cost of production. For improved outcomes, a good supply chain mapping tool should be employed.

3. Product serviceability through design: This relates to creating products that are simple to put together, take apart, and reuse individual parts. These goods are typically simpler to fix.

4. Environmental Design: The major goal is to have a minimal influence on the environment. This objective can be achieved, for instance, by using less packaging or recycling garbage generated along the process.

5. Six Sigma Design: This relates to creating a product with the goal of reducing errors, increasing uniformity, and lowering costs.

Learn more about Supply chain Innovation here

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5 0
2 years ago
Bo Borg is the vice president of purchasing for Crater Corp. He has authority to enter into purchase contracts on behalf of Crat
g100num [7]

Answer: Crater will be bound because of Borg's apparent authority.

Explanation:

Crater Corp. will be bound to the contract since Bo Borg has the apparent authority as the acting Vice President of purchasing. Even though he went over the agreed amount that was over 2 million in the contract. Since the Shady company was unaware that he had exceeded his authority the contract will stay in place. If Shady company had of known that he did not have the final say and needed approval the result of the transaction would of been different.

7 0
3 years ago
Identify the importance of accounting by selecting the statement that is correct below. Multiple choice question. Accounting inf
Zielflug [23.3K]

Answer:

Accounting information helps users make business and financial decisions.

Explanation:

Users of accounting information are divided into :

  1. Internal users
  2. External users

Internal users include : owners, managers, employees

External users include : shareholders, tax authority, regulatory bodies

Based on the information contained in the financial information a shareholder can decide if to invest in a company or not to.

Also, mangers can decide to invest in new ventures based on the information on profitability contained in the financial statements.

6 0
3 years ago
The cost components of an air conditioner include $35 for the compressor, $11.50 for the sheet-molded compound frame, and $80 pe
Mrrafil [7]

Answer:

c y = 55,000 + 126.50X

Explanation:

Fixed Costs = $55,000

Variable Costs = $35 + $11.50 + $80 = $126.50

Therefore, The cost function best represents these costs is y = 55,000 + 126.50X

6 0
3 years ago
Brittany Callihan sold stock (basis of $184,000) to her son, Ridge, for $160,000, the fair market value. a. What are the tax con
ycow [4]

Answer:

(a) Brittany loss due to taxes = Basis - fair market value

                                                = $184,000 - $160,000

                                                = $24,000

Therefore, Brittany will have a $24,000 loss that is not deductible.

(b) Tax consequences to Ridge if he later sells the stock for $190,000 are as follows:

  • Realized gain = $30,000 and Recognized as a gain for tax payers = $6,000
  • Realized and recognized loss = $8,000
  • There is no recognized gain for Ridge and unrecognized loss of $10,000. It is permanent lost.
6 0
3 years ago
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