1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
oksano4ka [1.4K]
2 years ago
8

The journal entry for the purchase of inventory on account using the perpetual inventory system is:.

Business
1 answer:
Solnce55 [7]2 years ago
7 0

The journal entry for the inventory purchased will be to record the sale and another one to record the cost of the sale.

<h3>What is a journal entry?</h3>

It should be noted that a journal entry is used to record the financial activities of a company.

In this case, the journal entry for the purchase of inventory on account using the perpetual inventory system is to record the sale and another one to record the cost of the good.

Learn more about inventory on:

brainly.com/question/24868116

You might be interested in
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manuf
Firdavs [7]

Answer:

The machine should be leased because it is cheaper when compared to buying the machine.

Explanation:

To determine which option kiddy should choose , we are to calculate the net present value of buying the machine and the present value of payments thay kiddy would make if they lease the equipment.

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator:

Cash flow in year 0 = $-161,000

Cash flow each year from year 1 to 11 = $-6,000

Cash flow in year 12 = $-6,000 + $11,000 = $5,000

I = 11%

NPV = $-196,809.89

Present value of lease payment

Cash flow each year from year 1 to 11 = $-26,000

I = 11%

PV = $-161,369.40

The machine should be leased because it is cheaper when compared to buying the machine.

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

Present value can be calculated using the same steps as above

I hope my answer helps you

8 0
3 years ago
A production line is to be designed to make 500 El-More dolls per day. Each doll requires 11 activities totaling 16 minutes of w
aniked [119]

Answer:

The required cycle time for this assembly line is 2 minutes. The rigtht answer is c.

Explanation:

Acording to the data, we have the following:

Daily operating time= factory operates 1000 minutes per day

Scheduled output=make 500 El-More dolls per day

Therefore, to calculate the required cycle time for this assembly line we have to use the following formula:

Cycle time = daily operating time divided by the scheduled output

                  = 1000 / 500 = 2 minutes

The required cycle time for this assembly line is 2 minutes.

6 0
3 years ago
Read 2 more answers
Which of the following costs of publishing a book is a fixed cost?
Allisa [31]

Answer:

The correct answer is option d.

Explanation:

The fixed costs incurred in the production process of a good or service is the cost incurred on the fixed factors. These factors cannot be varied in the short run.  

Fixed cost does not depend on the level of output. It does not change with the change in the volume of output.  

In the given example, the cost incurred on the composition typesetting and jacket design for the book does not change with the volume of output. So these costs are the foxed cost involved in publishing a book.

8 0
3 years ago
Read 2 more answers
A subset of e-commerce that uses social networks to assist in marketing and purchasing products is known as ________ commerce. S
sergij07 [2.7K]

A subset of e-commerce that uses social networks to assist in marketing and purchasing products is known as A. social commerce.

Explanation:

Social commerce is the subset of eCommerce wherein social media is used for assistance on products and costumer service. it also serves as a tool for marketing of products and assisting purchases.

Use of social media for online transactions is the insistent goal of the use of social commerce as it relies on social media for buying and marketing of the products to their potential consumer base which is able to find their product on the social media platforms only.

3 0
3 years ago
According to a 2018 article in Esquire magazine, approximately 70% of males over age will develop cancerous cells in their prost
yaroslaw [1]

Answer:

a) Probability of prostrate cancer given a positive test is P(C|+) = 0.0213

b) Probability of cancer given a negative test is P(C|-) = 0.0161

c) Probability of prostrate cancer given a positive test is P(C|+) = 0.3137

d) Probability of cancer given a negative test is P(C|-) = 0.2553

Explanation:

Probability male patient has prostate cancer, P(C) = 0.02

Probability male patient does not have prostrate cancer P(C') = 1 - 0.02 = 0.98

Probability of a positive test given there is no cancer, i.e. P(false positive) = P(+|C') = 0.75

P(negative test given there is cancer) = P(false negative) = P(-|C) = 0.2

P(negative test given there is no cancer) is the complement of P(+|C') = P(-|C') = 1 - 0.75 = 0.25

Probability of positive test given there is prostrate cancer, P(+|C) is the complement of P(-|C), = 1 - 0.2 = 0.8.

a) Probability of prostrate cancer given a positive test is P(C|+)

According to Baye's theorem, P(C|+) = P(+|C)P(C)/P(+)

For P(+), we use the Law Of Total Probability: P(+) = P(+|C)P(C) + P(+|C')P(C')

P(+) = (0.8 * 0.02) + (0.75 * 0.98) = 0.751

Therefore, P(C|+) = P(+|C)P(C)/P(+)

P(C|+) = (0.8 * 0.02)/0.751 = 0.0213

b) Probability of cancer given a negative test is P(C|-)

According to Baye's theorem, P(C|-) = P(-|C)P(C)/P(-)

P(-) = P(-|C)P(C) + P(-|C')P(C')

P(-) = (0.2 * 0.02) + (0.25 * 0.98) = 0.249

Therefore, P(C|-) = (0.2 * 0.02)/0.249

P(C|-) = 0.0161

Part 2: Given the following;

Probability male patient has prostate cancer, P(C) = 0.3

Probability male patient does not have prostrate cancer P(C') = 1 - 0.3 = 0.70

Probability of a positive test given there is no cancer, i.e. P(false positive) = P(+|C') = = 0.75

P(negative test given there is cancer) = P(false negative) = P(-|C) = 0.2

P(negative test given there is no cancer) is the complement of P(+|C') = P(-|C') = 1 - 0.75 = 0.25

Probability of positive test given there is prostrate cancer, P(+|C) is the complement of P(-|C), = 1 - 0.2 = 0.8.

c) Probability of prostrate cancer given a positive test is P(C|+)

According to Baye's theorem, P(C|+) = P(+|C)P(C)/P(+)

For P(+), we use the Law Of Total Probability: P(+) = P(+|C)P(C) + P(+|C')P(C')

P(+) = (0.8 * 0.3) + (0.75 * 0.7) = 0.751

Therefore, P(C|+) = P(+|C)P(C)/P(+)

P(C|+) = (0.8 * 0.3)/0.765 = 0.3137

d) Probability of cancer given a negative test is P(C|-)

According to Baye's theorem, P(C|-) = P(-|C)P(C)/P(-)

P(-) = P(-|C)P(C) + P(-|C')P(C')

P(-) = (0.2 * 0.3) + (0.25 * 0.7) = 0.235

Therefore, P(C|-) = (0.2 * 0.3)/0.235

P(C|-) = 0.2553

4 0
3 years ago
Other questions:
  • Detroit Corporation sued Chicago Corporation for intentional damage to Detroit's goodwill. Detroit had created its goodwill thro
    8·1 answer
  • Start a conversation with me and you get points plus brainliest
    8·2 answers
  • If a court ordered you to pay for a pizza that was mistakenly delivered to your home and which you ate, they would be issuing an
    11·1 answer
  • A machine cell uses 195 pounds of a certain material each day. Material is transported in vats that hold 25 pounds each. Cycle t
    5·1 answer
  • Which of the following would be considered part of a firm's general environment?
    11·1 answer
  • Jolly Company produces hula hoops. Jolly Company has the following sales projections for the upcoming​ year: First quarter budge
    8·1 answer
  • A leader who manages through activities, using his legitimate, reward and coercive powers to give commands and exchange rewards
    12·1 answer
  • A datacenter recently experienced a breach. When access was gained, an RF device was used to access an air-gapped and locked ser
    5·2 answers
  • What is the fullform of <br> MD,GM<br>​
    10·1 answer
  • A flower shop acquired 80 new customers last year. Costs in the marketing and sales areas were the following:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!