What is distinctive about double-entry accounting?

You have been running a landscaping business called Trim Grass for about two years. You have developed a special blend of grass

Verdich [7]

Answer:

2222

Explanation:

8 0

3 years ago

Viability of relevancy of insurance products sold to business and individual

11Alexandr11 [23.1K]

It's not enough details and I can't get what exactly you need. I guess you want to know what is v<span>iability of relevancy of insurance products. So it's very good thing that can save your business if you keep a factory that produces specific things from instant disasters.</span>

5 0

3 years ago

Breakwater Aquatics has a 45 day accounts receivable period. The estimated quarterly sales for this year, starting with the firs

LenaWriter [7]

Answer:

The accounts receivable balance at the beginning of the third quarter is $3,550

Explanation:

For computing the account receivable balance, first, we have to compute the credit sale per day, and then multiply with the number of days

In mathematically,

Credit sale per day = (Estimated second Quarter Sales) ÷ (accounts receivable period up to second quarter)

= $7,100 ÷ 90 days

= 78.89

Now the account receivable balance equals to

= Credit sales per day × accounts receivable period

= 78.89 days × 45 days

= $3550

Since the question is asking about the beginning of the third quarter so we considered second quarter sales

5 0

3 years ago

Using a perpetual inventory system, the entry to record the return of merchandise purchased on account includes a.

matrenka [14]

Using a perpetual inventory system, the entry to record the return of merchandise purchased on account includes 4)Merchandise Inventory.

Product vending is the practice of intentionally promoting, showing, and promoting the goods in your keep. A huge part of this is visual merchandising—the process of making plans, designing, and showing merchandise to focus on their capabilities and advantages.

Merchandising is the exercise and procedure of displaying and selling merchandise to clients. Whether or not digital or in-save, stores use vending to persuade clients' motives and reach their sales goals.

Vending approach selling merchandise to retail customers. Merchandisers, also known as retailers, buy merchandise from wholesalers. Manufacturers, upload a markup or gross earnings quantity and sell the products to customers at a better rate than what they paid.

Disclaimer: The question is incomplete. Please read below to find the missing content.

Question: Under the perpetual inventory system, all purchases of merchandise are debited to the account

1)Cost of Merchandise Available for Sale

2)Cost of Merchandise Sold

3)Purchases

4)Merchandise Inventory

Learn more about merchandise here brainly.com/question/27046371

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3 0

1 year ago

Vandy Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balance

Burka [1]

Answer:

See below the statement of Cash flow from Vandy Corporation.

Explanation:

Vandy Corporation

Statement of Cash Flow

CASH FLOW FROM OPERATING ACTIVITIES:

Net Income $104

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation on Fixed Assets ($349-$319+$12) $42

Gain on Sale of Equipment ($16)

(Increase) Decrease in Current Assets:

Accounts Receivables $12

Inventory $2

Increase (Decrease) in Current Liabilities:

Accounts Payable ($1)

Accrued Liabilities ($1)

Income taxes payable $4

Net Cash provided by Operating Activities $146

CASH FLOWS FROM INVESTING ACTIVITIES:

Proceeds from sale of Equipment $18

Purchase of Property, plant and equipment ($684-$550+$14) ($148)

Net Cash Flow from Investing Activities ($130)

CASH FLOWS FROM FINANCING ACTIVITIES:

Bonds Payable $13

Issuance of Common Stock $1

Payment of Dividends ($28)

Net Cash from Financing Activities ($14)

Net Increase (Decrease) in Cash $2

Opening Cash Balance $29

Ending Cash Balance $31

6 0

3 years ago