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lesantik [10]
3 years ago
7

On May 7, Jernigan Company purchased on account 510 units of raw materials at $18 per unit. During May, raw materials were requi

sitioned for production as follows: 153 units for Job 200 at $15 per unit and 158 units for Job 305 at $18 per unit.
Required:
Journalize the entry on May 7 to record the purchase.
Business
1 answer:
Paladinen [302]3 years ago
3 0

Answer and Explanation:

The journal entry to record the purchase is shown below;

Materials (510 units × $18) $9,180

          To Accounts payable $9,180

(To record the purchases)

Here the material is debited as it increased the assets and credited the account payable as it also increased the liabilities

Therefore the above journal entry should be passed

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The grapevine is perceived by most employees as being more believable and reliable than formal communiqués issued by management.
pantera1 [17]

Answer: False

Explanation: Grapevine is an informal communication channel in the organisation in which the information flows  in all directions irrespective of the level of authority.

This is not considered to be a reliable channel as it does not make any authority or obligation to anyone and often leads to false rumors in the organisation. Whereas in the case of formal communiques one can make the authority of the sender of the message if the information lead to any false rumors and chaos.

Thus, the given statement is false.

4 0
3 years ago
Suppose the consumer confidence index increases from 103 to 146. How does this change effect the AD/AS model
Darina [25.2K]

The AS curve shifts to the left.

The Consumer Confidence Index is an economic indicator published by various organizations in several countries. Simply put, rising consumer confidence is an indication of the economic growth that consumers are spending and an increase in consumption.

When the latest index exceeds 100, consumers will be more confident than in 1985. Below 100, consumers are less confident than they were then.

Consumer confidence is an economic indicator. It measures how confident consumers are about the general state of the economy. It also measures how confident people are about income stability. Their self-confidence influences not only their financial decisions but their spending activities.

Learn more about the consumer confidence index here:brainly.com/question/25122933

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8 0
2 years ago
The Perez Company has the opportunity to invest in one of two mutually exclusive machines that will produce a product it will ne
barxatty [35]

Answer:

Machine A = $ 1.22 million

Machine B = $ 0.70 million

Explanation:

The Equivalent Annual Annuity of the machines is as follows

Machine A = $ 1.22 million

Machine B = $ 0.70 million

Thus the Machine A with a higher Equivalent Annual Annuity of $ 1.22 Million is the better machine.

If the company accepted the better machine which is Machine A, the value of the company increases by $ 3.57 Million (Which is the net total of discounted cash Inflows = Net Present value of Machine A)

See attached file for details.

6 0
3 years ago
An example of a capital budgeting decision is deciding: Group of answer choices how many shares of stock to issue whether or not
Alex_Xolod [135]

Answer:

whether or not to purchase a new machine for the production line

Explanation:

Capital budgeting decision is the process by which a company sets aside money for the purchase of capital assets such as new machinery, new plants, research and development, and new product.

Capital budgeting is considered to be both a financial decision and an investment decision. Apart from cost incurred by making a purchase, the company considers the future cash flows the capital asset will generate.

Purchasing a new machine for the production line is a capital budgeting decision

4 0
3 years ago
According to the law of supply what’s the result of an increase in the supply of workers for a job if all other factors remain e
Sveta_85 [38]
More demand = more supply
Not sure but hope this helps.
5 0
3 years ago
Read 2 more answers
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