The worst economic time of the last century was during____

Presented here are selected transactions for the Leiss Company during April. Leiss uses the perpetual inventory system.

olga2289 [7]

Answer:

April 1

J1

Trade Receivable - Mann Company $5,500 (debit)

Revenue $5,500 (credit)

J2

Cost of Goods Sold $2,500 (debit)

Merchandise $2,500 (credit)

April 2

Merchandise $9,000 (debit)

Trade Payable - Wild Corporation $9,000 (credit)

April 4

Merchandise $1,000 (debit)

Trade Payable - Ryan Company $1,000 (credit)

April 10

J1

Discount Allowed $110 (debit)

Trade Receivable - Mann Company $110 (credit)

J2

Cash $5,390 (debit)

Trade Receivable - Mann Company $5,390 (credit)

April 11

Trade Payable - Wild Corporation $9,000 (debit)

Cash $9,000 (credit)

Explanation:

Note : Leiss uses the perpetual inventory system

Therefore,

Recognize the Cost of Goods Sold with each sale that is made.

7 0

3 years ago

If a bank experiences a deposit outflow of $50 million with a required reserve ratio on deposits of 10%, which balance sheetLO

lilavasa [31]

Answer:

Balance Sheet B because the excess reserves are adequate to cover the deposit outflow without the bank needing to alter its balance sheet.

Explanation:

Balance Sheet B because the excess reserves are adequate to cover the deposit outflow without the bank needing to alter its balance sheet and $50 million deposit outflow means that reserves reduced by $50 million to $25 million. Since required reserves are $45 million (10% of the $450 million of deposits), which means the bank needs to acquire $20 million of reserves and the reserve can be obtain by either calling in or selling off $20 million of loans, borrowing $20 million in discount loans from the Fed, borrowing $20 million from other banks or corporations, selling $20 million of securities, or the combination of all.

5 0

4 years ago

james Lawson's Bed and Breakfast, in a small historic Mississippi town, must decide how to subdivide (remodel) the large old

balu736 [363]

Answer:

The numbers are missing, so I looked for a similar question (see attached image).

the expected value for option A (modernize everything) = (0.5 x $90,000) + (0.5 x $25,000) = $57,500
the expected value for option B (modernize only second floor) = (0.4 x $80,000) + (0.6 x $70,000) = $74,000
the expected value for option C (do nothing) = (0.3 x $60,000) + (0.7 x $33,000) = $41,100

The option with the highest expected value is option B (modernize only second floor).

8 0

4 years ago

Suppose that the U.S. government decides to charge cola producers a tax. Before the tax, 35,000 cases of cola were sold every we

galben [10]

Mark brainlest please

Answer:

The amount of tax will be $3
Tax Burden on consumer is $2
Tax burden on producer ( in case you want to know) will be $1

Check the image below.

Tax is equal to the difference between the price actually paid by the buyer and the price actually received by the seller. Tax= Price paid by buyer-Price received by seller Tax= $8-$5 Tax = $3 Thus the tax computed is $3 per case.

3 0

3 years ago

What is the difference between position management and job management.

Lelechka [254]

The difference between position management and job management lies in the fact that;

In Position Management, a position is created for each new employee/opening while In Job Management, no positions are necessary in order to create a job requisition.

<h3>Staffing Models</h3>

Conventionally, there are two types of staffing models:

Position Management and
Job Management.

In Position Management, it is necessary that a position is created for each new employee/opening. In such cases, reports show open positions and vacancy rates.

However, In Job Management, no positions are needed in order to create a job requisition.

The worst economic time of the last century was during_____.