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andrezito [222]
3 years ago
6

Yoplease solve this journal entries as soon as possible ​

Business
1 answer:
Elodia [21]3 years ago
4 0

Answer:

1. Drawings A/c. dr. 15,000

To Cash A/c. 15,000

2. Cash A/c. Dr. 63,000

To Sales A/c. 63,000

3. Drawings A/c. Dr. 12,000

To Cash A/c. 12,000

4. Purchases A/c. Dr. 31,000

To Creditors A/c. 31,000

5. Drawings A/c. Dr. 16,000

To Purchases A/c. 16,000

6. Dalip Singh A/c. Dr.35,000

To Sales A/c. 35,000

7. Rent A/c. Dr. 22,000

To Bank A/c. 22,000

8. Purchases A/c. Dr. 19,000

To Cash A/c. 19,000

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Which budget allows a business owner to calculate the amount to charge the customer in order to make a profit
denpristay [2]

Answer:

Budgeted Income Statement in the Master Budget

Explanation:

The Master Budget provides a summary of all the operations of the business. It is made up of Budgeted Manufacturing Account, Budgeted Income Statement and Budgeted Financial Position.

Where the selling price it to be determined, the price giving the desired profits can be calculated by adjusting the sales to the desired profits in the Budgeted Income Statement.

7 0
3 years ago
A person can benefit from specialization and trade by obtaining a good at a price that is Group of answer choices lower than his
iogann1982 [59]

Specialization is a method of production whereby an entity makes a specialty of the production of a limited scope of products to advantage a greater degree of performance.

The benefits of specialization consist of: a larger amount of goods and offerings that may be produced, progressed productiveness, production beyond a kingdom's manufacturing possibility curve, and sources that may be used more effectively. Specialization also can result in a comparative gain.

International locations specialize, this alternative creates gains from trade. The advantages of specialization encompass a bigger amount of products and offerings that may be produced, stepped forward productivity, production beyond a country's production opportunity curve, and ultimately, assets that can be used more correctly.

Learn more about specialization trade here:brainly.com/question/24448534

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5 0
2 years ago
The Acmeville Metropolitan Bus Service currently charges $0.88 for an all-day ticket and is used by an average of 513 riders a d
ki77a [65]

Answer:

Price elasticity of demand = Change in Quantity/ Change in Price

Using midpoint formula;

Change in Quantity ;

= \frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{363 - 513}{\frac{513 + 363}{2} }\\\\= -0.342

Change in Price;

= \frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{0.99 - 0.88}{\frac{0.99 + 0.88}{2} }\\\\= 0.118

Price elasticity of demand = -0.342/0.118

= -2.90

Demand is elastic, so decreasing ticket prices will increase revenue.

When the elasticity is larger than 1 it means that a 1% change in price will change demand by more than 1%. In this case, a a decrease of price by 1% will bring 2.9% increase in customers.

6 0
3 years ago
A positive result that stems from the use of return on investment (ROI) is that it encourages managers to focus on:
Lilit [14]

Answer:

Option E  

Explanation:

In simple words, return on investment refers to the amount of income or profit that an organisation generates with its given level of resources. Such resources include all the assets such as machinery, equipment and human resources of the company.

This measure gives a sign if the different sections of the company are working efficiently or not. It is a quantitative measure therefore, it also depicts if the amount generated is enough or not. Thus, we can conclude that all the options are correct.

8 0
3 years ago
Some accountants argue that variances should be written off directly to cost of goods sold, regardless of materiality, because:
Citrus2011 [14]
I had to look for the options and here is my answer. 

Some accountants assert that variances should be written off directly to the price of the sold goods, regardless or materiality because product proration would indicates that assets values on the balance sheet consist of the inefficiency costs.
8 0
3 years ago
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