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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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Suppose a stock had an initial price of $92 per share, paid a dividend of $2.30 per share during the year, and had an ending sha
RUDIKE [14]

Answer:

(a) Percentage return = -$14.20 ÷ $92 = -15.43%

(b) Dividend Yield = $2.30 ÷ $92 = 2.50%

Explanation:

Initial price per share= $92.00

Ending share price = $75.50

Capital loss = $75.50 - $92.00  = -$16.50

Dividend = $2.30

Net return = -$16.50 + $2.30 = -$14.20

(a) Percentage return = (-$14.20 ÷ $92) × 100% = -15.43%

(b) Dividend Yield = ($2.30 ÷ $92) × 100% = 2.50%

7 0
3 years ago
Consider the single factor APT. Portfolio A has a beta of .2 and an expected return of 13%. Portfolio B has a beta of .4 and an
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Answer:

C. B;A.

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4 0
3 years ago
Jacque Solis (age 38) is leaving her current job and would like to take a long vacation before starting new employment. She has
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Answer:

Jacque Solis will have $42250 left after paying taxes and penalties

Explanation:

given data

present age = 38

qualified plan = $65,000

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to find out

how much will she have left after paying taxes and penalties

solution

as here qualified plan is an employer sponsored retirement plan that qualifies for special tax treatment under Section 401 (a) of Internal Revenue Code

and tax for 25 % will be here as  

Tax 25% = $65,000 × 25%

tax = $16,250

and Penalties will be here for 10 % is  

Penalties 10% = $65,000 × 10%

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7 0
3 years ago
The law of diminishing marginal utility says that as you consume more of something, the satisfaction that you get from each addi
Bingel [31]
Decreases.

An example of this is the food chain. Predators at the top of the food chain receive the least amount of energy due to the lack of raw energy.

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5 0
3 years ago
Read 2 more answers
The Phillips family has a joint gross monthly income of $11,300. The $499 lease payment for their car expires in four months. A
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Answer:

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8 0
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