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Pani-rosa [81]
3 years ago
5

This information relates to Pharoah Co..

Business
1 answer:
monitta3 years ago
5 0

Answer and Explanation:

The journal entries are shown below:

On April 5

Inventory Dr $28,600.00  

     To Accounts payable  $28,600.00

(Being purchase of inventory on account is recorded)

On April 6  

Inventory Dr $580.00  

      To Cash  $580.00

(Being freight payment is recorded)  

On April 7

Equipment Dr $32,000.00  

      To Accounts payable  $32,000.00

(Being purchase of equipment is recorded)  

On April 8

Accounts payable Dr $3,500.00  

      To Inventory  $3,500.00

(Being purchase returns is recorded)  

On April 15

Accounts payable Dr $25,100.00 ($28,600- $3,500)  

      To Cash  $24,096.00

      To Inventory  $1,004.00 ($25,100 × 4%)

(Being payment to the supplier is recorded)  

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Answer:

Explanation:

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In this case in expanding a product line or launching a new project incremental cash flow could be.

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b. Negative: this is the decrease in cash flow due to the product launch and expansion

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6 0
3 years ago
if you receive a telephone call from someone asking that you explain your preferences for certain kinds of products, you are the
katen-ka-za [31]

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7 0
1 year ago
A company paid $0.85 in cash dividends per share. Its earnings per share is $3.50, and its market price per share is $35.50. Its
natali 33 [55]

Answer: 2.4%

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Earnings per share = $3.50

Market price per share = $35.50

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2 years ago
Your older and wiser sibling has offered to loan you some much needed money to help cover textbook expenses this semester. Since
masya89 [10]

Answer:

80 years

Explanation:

Data provided in the question:

Simple interest rate charged = 1.25% = 0.0125

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we know,  Simple interest = Principal × Interest Rate × Time

Since the debt is doubled this means the interest  is equal to the principal amount

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2 years ago
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dezoksy [38]

Answer:

Net sales revenue= 220,100

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Sales returns and allowances $ 20,000

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Sales= 245,000

Sales returns and allowances=  (20,000)

Sales discounts= (4,900)

Net sales revenue= 220,100

4 0
3 years ago
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