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lukranit [14]
3 years ago
11

Orion Flour Mills purchased a new machine and made the following expenditures:

Business
1 answer:
GrogVix [38]3 years ago
8 0

Answer:

Dr Equipment 62400

Dr Prepaid Insurance 500

Cr Cash 2900

Cr Accounts Payable 60,000

Explanation:

Preparation of the journal entry to Record the above expenditures for the new machine.

Dr Equipment 62400

Dr Prepaid Insurance 500

Cr Cash 2900

Cr Accounts Payable 60,000

(62,400+500-2900)

Equipment:

Purchase price ($55,000) + Sales tax (5,000) + Shipping (800) + Installation (1,600) =

Total cost 62400

Cash:

Shipment of machine (800) + Insurance on the machine ((500)) +Installation of the machine (1,600) = 2900

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Answer:

The correct answer is C)

Explanation:

Whether or not companies in the industry expanded their capacity is really not of much concern. What should concern management are the other factors:

  • Forecasted  Demand Vs Actual Demand: This tells us what has happened in the market
  • Forecasted Growth in Demand: This tells us what might happen in the market
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Purchasing, sales, and merchandising are all related careers. What do they have<br> in common?
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They all have a cycle, and have something to do with money. The merchandisers promote the items, people sell them , and purchasers buy them. Simple.

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China, india, and indonesia are expected to be among the world’s seven largest economies by 2050. Economic development in a coun
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China, India, and Indonesia are expected to be among the world’s seven largest economies by 2050. Economic development in a country can be measured using gross national income.

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GDP looks at the production degree of a financial system or the entire annual value of what's produced within the kingdom; it measures an economy's size and increases the fee. GNI is the total dollar cost of the whole thing made with the aid of a rustic and the income its residents receive—whether or not it is earned domestically or overseas.

For instance, the cost of watermelon from the farm can be $1, then $five at the grocery save. In this situation, the watermelon's “final desirable” fee is $five, and so the total price of the good could matter in the country's earnings as $5

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6 0
2 years ago
John bought 1,700 shares of Intel stock on October 18, 2015, for $44 per share plus a $750 commission he paid to his broker. On
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Answer:

Explanation:

A. John’s basis in the 1,000 shares of Intel stock is $45,750.

is the purchase price of $30,000 (i.e., 44 × $1,000) plus the $750 commission paid to the broker.

b.On the sale, John realizes $62500. This is the sales price of $63500 (i.e., 1,000 × $63.50)minus the transaction fee of $1,000.

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Which of the following is something a company could do to foster bonding and affective commitment? Multiple Choice
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Answer:

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