Answer:
330 tickets sold to adults
370 tickets sold to children
Explanation:
Suppose:
Number of Tickets
Adult = A
Child = C
According to given condition
A + C = 700 (Eq 1)
7A + 3C = 3,420 (Eq 2)
By multiplying (Eq 1) with 3 we get
3A + 3C = 2,100 (Eq 3)
By subtracting (Eq 3) from (Eq 1)
7A + 3C - (3A + 3C) = 3,420 - 2100
7A - 3A + 3C -3C = 1320
4A = 1320
A = 1320/4
A = 330
Putting value of A in (Eq 1)
330 + C = 700
C = 700 - 330
C = 370
Check:
(7x330) + ( 3x370) = 3420
2310 + 1110 = 3420
3420 = 3420
Answer:
A) Debit cash, credit accounts receivable
Explanation:
As the statement said, Zoono electronics made a payment which means they are debiting cash amount of $3,500 to imperial distributor who is a supplier. So the best statement that best describes the recording of this financial transaction by imperial distributor is their account receivable has been credited and cash is debited. All the other options are wrong except this.
Answer:
(a) $2.80; 3.40
(b) $1,400,000; $1,700,000
Explanation:
(a) Standards are stated as a per unit amount.
Therefore,
standard materials:
= Total estimated cost for materials ÷ Estimated production of Product X
= $1,400,000 ÷ 500,000
= $2.80
Standard labor:
= = Total estimated cost for labor ÷ Estimated production of Product X
= $1,700,000 ÷ 500,000
= $3.40
(b) Budgets are stated as a total amount.
Thus, the budgeted costs for the year are materials $1,400,000 and labor $1,700,000.
Answer:
Dr Merchandise Inventory Cr Cash
Explanation:
Based on the information given in a situation where purchases of merchandise are made for cash the transaction will be recorded in the journal entry by debiting Merchandise Inventory and Crediting Cash reason been that MERCHANDISE are current asset and Secondly merchandise are anticipated to be either sold out, used or turn them into cash within a period of one year, although it sometimes depends on the method of payment in which the merchandise was been paid for , which is why we have to Debit Merchandise Inventory Account and Credit Cash Account.
Hence:
Journal entry
Dr Merchandise Inventory
Cr Cash
Answer: It will cancel the approach mode annunciation
Explanation: GPS(Global positioning system) is a United States of America owned navigation system which makes use of radio waves it was developed and managed by the United States Department of defense. When flying a GPS approach procedure,it is recommended not to override an automatically selected sensitivity,the approach mode annunciator or receiver should be verified before making any changes.
