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3 years ago

Brahma Supply Company uses a periodic inventory system. During September, the following transactions and events occurred.

Business

1 answer:

Temka [501]3 years ago

4 0

Answer:

Date Account titles & Explanation Debit Credit

Sep 04 Purchases (70 backpacks*$50) $3,500

Accounts payable $3,500

Sep 06 Accounts payable $300

Purchase return and allowances $300

Sept 09 Accounts receivable $1,260

(15 backpacks*$84)

Sales $1,260

Sept 13 Accounts payable $3,200

(64 backpacks*$50)

Purchase discount (3,200*2%) $64

Cash (3,200*98%) $3,136

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Cheryl is considering adding a rack of greeting cards to her product offerings at The Bitty Bookstore. Her fixed costs associate

MrRa [10]

Answer:

B. 200

Explanation:

At Break even point:

Total costs= Total revenue

In the given question

Total costs=Total variable costs+total fixed costs

=$1 *number of cards to be sold+$400

Total revenue=$3*number of cards to be sold

$1 *number of cards to be sold+$400=$3*number of cards to be sold

$3*number of cards to be sold-$1 *number of cards to be sold=$400

$2*number of cards to be sold-=$400

Number of units to be sold=$400/$2=200

So based on the above calculations, the answer shall be B. 200

5 0

3 years ago

SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On March 9 of the current year,

Sliva [168]

Answer:

Date Account Title Debit Credit

Mar 9 Treasury Stock $388,700

Cash $388,700

Working:

Treasury stock = 16,900 * 23 = $388,700

Date Account Title Debit Credit

June 9 Cash $265,000

Treasury Stock $243,800

Additional Paid-in capital - $21,200

Treasury stock.

Working:

Cash = 10,600 * 25 = $265,000

Treasury stock = 10,600 * 23 = $243,800

Date Account Title Debit Credit

Nov 13 Cash $102,500

Treasury Stock $ 94,300

Additional Paid-in capital - $ 8,200

Treasury stock.

Working:

Cash = 4,100 * 25 = $102,500

Treasury stock = 4,100 * 23 = $94,300

8 0

2 years ago

The market price of hamburgers in a college town increased recently, and the students in an economics class are debating the cau

agasfer [191]

Please find attached the graphs containing the requested information

The dominant cause of the increase in the price of hamburgers can be determined by the direction of change on quantity demanded: If the equilibrium quantity of hamburgers decreases, then the supply shift in the market for hamburgers must have been larger than the demand shift.

The demand curve shows the relationship between price and quantity demanded. The demand curve is negatively sloped.

The supply curve shows the relationship between price and quantity supplied. The supply curve is positively sloped.

If the increase in the price of hamburgers is as a result of burger joints closing down.

If burger joints closes down, the supply of hamburgers would decrease. The supply curve would shift to the left. As a result of the leftward shift of the supply curve, equilibrium price would rise and equilibrium quantity would decrease.

The increase in the price of hamburgers is as a result of a decrease in the price of French fries.

Hamburgers and French fries are complement goods. Complement goods are goods that are consumed together. An decrease in the price of French fries would lead to an increase in the demand for hamburgers. This would lead to a rightward shift of the demand curve while the supply curve remains unchanged. As a result, both equilibrium price and quantity would increase.

If both events are partially responsible, the supply curve would shift to the left, leading to an increase in price and a decrease in quantity and the rightward shift of the demand curve would lead to an increase in equilibrium price and quantity.

If the decrease in supply is the dominant factor, there would be a decrease in equilibrium quantity.

If the increase in demand is the dominant factor, there would be an increase in equilibrium quantity.

To learn more about demand, please check: brainly.com/question/14456267?referrer=searchResults

8 0

2 years ago

A firm's current profits are $1,400,000. These profits are expected to grow indefinitely at a constant annual rate of 4 percent.

Tems11 [23]

Answer:

$ 48,533,333.33

Explanation:

The value of the firm now is the present value of its profits using the constant growth rate model formula as provided below:

PV of profits(value of the firm)=expected profits/(opportunity cost of funds-constant growth rate)

expected profits=current profits*(1+constant growth rate)

current profits =$1,400,000

constant growth rate=4%

expected profits=$1,400,000*(1+4%)

expected profits=$1,456,000

the opportunity cost of funds=7%

PV of profits(value of the firm)=$1,456,000/(7%-4%)

PV of profits(value of the firm)=$1,456,000/3%

PV of profits(value of the firm)=$ 48,533,333.33

4 0

3 years ago

What distinguishes firm-specific resources and capabilities of some of the winning firms from emerging economies?

valentinak56 [21]

The firm's unique resources and abilties of the triumphing companies distinguish them from emerging economies as winning firms have sources that permit them to attain aggressive gain and overall performance.

As an emerging market economy develops, it typically becomes extra included with the global economy. that means it may have elevated liquidity in local debt and fairness markets, increased alternate volume and overseas direct investment. It could develop current economic and regulatory institutions.

Emerging markets account for almost forty% of world GDP at purchasing strength parity, although nonetheless simplest 20% at marketplace cost. while those economies are already big, they continue to grow vigorously, at greater than 7% in line with annum on average during the last six years, over 2% percentage factors above the world common.

Learn more about economies here: brainly.com/question/2824360

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6 0

1 year ago