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GuDViN [60]
3 years ago
14

ABC purchased $500 of merchandise on account. ABC's journal entry to record this transaction includes a ______.

Business
1 answer:
MrMuchimi3 years ago
4 0

If ABC purchased $500 of merchandise on account. ABC's journal entry to record this transaction includes a:

Debit to Inventory of $500

Credit to Accounts Payable of $500.

Based on the information given if the company purchased merchandise of the amount of $500 on account, the appropriate journal entry to record this transaction is:

ABC journal entry

Debit to Inventory of $500

Credit to Accounts Payable of $500

(To record merchandise on account)

Learn more here:<em>brainly.com/question/14919979</em>

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The Human Resource Management in an organization is important to improve business performance.

<h3>What is human resources management?</h3>

It should be noted that human resources management simply means the strategic approach to the efficient management of people in an organization.

In this case, the Human Resource Management in an organization is important to improve business performance.

Also, they are important to uphold a culture that's inspires innovation.

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5 0
2 years ago
In a perfectly competitive market, Multiple Choice all firms produce and sell a standardized or undifferentiated product. the ou
Umnica [9.8K]

Answer:

all firms produce and sell a standardized or undifferentiated product

Explanation:

A perfectly competitive market is a market in which there are many companies that offer the same product, there are not entry barriers which makes it easy for an organization to enter or exit the market. Also, the companies are not able to influence the market and they are not able to control the conditions in it. According to this, the answer is that in a perfectly competitive market, all firms produce and sell a standardized or undifferentiated product.

6 0
4 years ago
Saul Goodman graduates from law school and gets a position in a law firm. At the same time the price of pizza falls while other
kumpel [21]

Yes, Saul Goodman is violating Law Of Demand.

<h3><u>What is Law of Demand?</u></h3>
  • One of the most fundamental ideas in economics is the law of demand. It explains how market economies distribute resources and set the prices of goods and services that we see in daily transactions by combining the law of supply.
  • According to the law of demand, the quantity bought varies inversely with price. In other words, the quantity demanded decreases as the price increases. Because of declining marginal utility, this happens.
  • In other words, consumers utilize the initial units of an economic good they buy to fulfill their most pressing requirements first, and they use the subsequent units to fulfill progressively lower-valued goals.

Since, Saul Goodman bought less pizza after its price drop, he's violating the law of demand.

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6 0
2 years ago
On January 1, a company issues bonds dated January 1 with a par value of $310,000. The bonds mature in 5 years. The contract rat
Elenna [48]

Answer:

The journal entry for the interest payment is shown below:

Explanation:

Interest Expense A/c........................Dr      $16,098

Premium on bonds payable A/c....Dr    $952

                 To Cash A/c............................Cr    $17,050

Working Note:

Interest expense = Bonds sale value × Market rate

                             = $321,964  × 5%

                            = $16,098

The market rate will be:

= 10 / 2

= 5%

Because it is paid semiannually, so rate is divided by 2.

Cash = Par value  × Contract rate

         = $310,000  × 5.5%

        = $17,050

The contract rate will be:

= 11 / 2

= 5.5%

Because it is paid semiannually, so rate is divided by 2.

3 0
3 years ago
Franklin, Inc. has two divisions, Seward and Charles. Following is the income statement for the previous year: Seward Charles Sa
stealth61 [152]

Answer:

The amount incurred by Charles division in the direct fixed cost is $20,250

Explanation:

The computation of the amount incurred in the direct fixed cost is shown below:

Direct fixed cost is

= Charled fixed cost - common fixed cost ÷ 2

= $170,700 - ($300,900) ÷ 2

= $170,700 - $150,450

= $20,250

hence, the amount incurred by Charles division in the direct fixed cost is $20,250

We simply applied the above formula so that the correct value could come

And, the same is to be considered

4 0
3 years ago
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