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zzz [600]
1 year ago
15

On October 5, Cullumber Company buys merchandise on account from Marin Company. The selling price of the goods is $6,650, and th

e cost to Marin Company is $3,010. On October 8, Cullumber returns defective goods with a selling price of $840 and a scrap value of $430. Record the transactions on the books of Marin Company, assuming a perpetual approach.
Business
1 answer:
andreev551 [17]1 year ago
8 0

Answer:

October 5 entries

Debit Accounts receivable  $6,650

Credit Sales Revenue                     $6,650

To record sales

Debit Cost of goods sold       $3,010

Credit Inventory            $3,010

To record the cost of sales

October 8 entries

Debit Sales return   $840

Credit Accounts receivable  $840

To record sales reversal due to sales return

Debit Inventory   $430

Credit Cost of goods sold   $430

Explanation:

The perpetual inventory system is the one that ensures that the book balance for inventory is adjusted for every purchase, sale or return of inventory.

When inventory is sold on account, the entries required are debit accounts receivable and credit revenue then Debit cost of goods sold and credit inventory.

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When Terry fed her dog, she noticed that only one can of Alpo Beef Chunk Dinner remained. Since it was the only kind her aging d
pishuonlain [190]

Answer:

When Terry fed her dog, she noticed that only one can of Alpo Beef Chunk Dinner remained. Since it was the only kind her aging dog ate, she stopped at the supermarket and bought a case of Alpo Beef Chunk Dinner dog food. She used habitual decision making process to replenish her stock of can.

Explanation:

As we have seen that Terry feeds her dog with only Alpo Beef Chunk, she don't consider any other option, product and brand, therefore, she needs very less search and almost no evaluation of any other option available in this product category. In this kind of decision making consumers needs very less information about the product because they know what they are going to purchase and they are very less bothered about the other options. Consumers feel almost no frustration in searching for the information and looking into the shelves for the other brands, they just go straight to the racks and pick their products up. Consumers saves their time by using this kind of decision making. In this kind of decision making, human brain form certain patterns, develop habits and therefore, saves energy.

5 0
2 years ago
A barber shop produces 192 haircuts a day. Each barber in the shop works 8 hours per day and produces the same number of haircut
ladessa [460]

Answer:

Number of barbers= 12 barbers

Explanation:

Giving the following information:

A barbershop produces 192 haircuts a day. Each barber in the shop works 8 hours per day and produces the same number of haircuts per hour. The shop’s productivity is 2 haircuts per hour of labor.

First, we need to calculate the total number of haircuts per barber:

Number of haircuts= 2*8= 16

Now, we can determine the number of employees:

Number of barbers= 192/16= 12 barbers

6 0
2 years ago
Explain why the death of selena led to a growth in the number of consumer products targeted specifically at the latino community
Maksim231197 [3]

Answer:

Not relevant to her death but it had to do with the timing in which it happened.

Explanation:

Remember she was indeed a stars among Hispanic Americans, according to reports Latinos  bought  millions of records by the singer who they saw as a model.

Prior to her death there were plans to lunch consumer products targeted specifically at the Latino community considering their market potential from the entertainment industry.

Christy  Haubegger decided to lunch one of such consumer products the Latina Magazine which focused on the Latino community leading to more of these products.

7 0
1 year ago
Which of the following jobs is referred to as a trade?
Tpy6a [65]
Carpentry

Hope that helps! :)
3 0
2 years ago
Read 2 more answers
Jessica is required to follow a forty-hour work schedule from 9:00 in the morning and ends at 5:00 each day, every week. However
HACTEHA [7]

Answer: Variable work schedule

Explanation:

Variable work schedule is a work schedule that is not fixed. Variable work schedule is a way through which the employees cover their work schedule in cases whereby they don't come to work for certain days.

In the question, Jessica is expected to work for forty-hours every week and her work schedule is from 9:00a.m to 5:00p.m. If she takes a day off, she has to make up for the day used by working extra hours. This is a variable work schedule.

7 0
1 year ago
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