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2 years ago

Prepare the journal entries to record the following transactions on Sunland Company's books using a perpetual inventory system.

Business

1 answer:

Volgvan2 years ago

8 0

Answer:

a. March 2, 202x, merchandise purchased on account from Splish Brothers, credit terms 2/10, n/30

Dr Merchandise inventory 885,600

Cr Accounts payable 885,600

b. March 6, 202x, defective/wrong merchandise returned to Splish Brothers

Dr Accounts payable 110,200

Cr Merchandise inventory 110,200

c. March 12, 202x, paid invoice to Splish Brothers within discount term

Dr Accounts payable 775,400

Cr Cash 759,892

Cr Purchase discounts 15,508

purchase discount = purchase balance x 2% = $775,400 x 2% = $15,508

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Suppose the college administrators estimate that the beautification initiative will cost $7,200. To decide whether the initiativ

Gelneren [198K]

Answer: $5,400

Explanation:

The 300 students on average agreed that they would be willing to pay $18 fo the beautification project.

The total monetary value of the benefit of the beautification initiative, as suggested by the survey is the amount that would be accrued if every student paid for the project at their Average Willingness to pay.

This would be,

= 300 * 18

= $5,400

The Total Benefit as suggested by the Survey is $5,400.

NB - The Total Benefit as suggested by the Survey is LESS than the cost of the Survey so the project SHOULD NOT be embarked on.

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2 years ago

The Basics of Business Writing

mario62 [17]

Answer:

1) a. Audience oriented

2) a. Purposeful

3) True

4) All except a

5) a. Analyze e. Anticipate d. Adapt

6) b. Analyzing

7) b. organizing

8) a. Editing

9) b. 50 percent

Explanation:

Purposeful:

It conveys information and solves problems

Persuasive:

Its goal is to make the audience accept and believe the message

Economical:

It's clear and concise and doesn't waste the reader's time; length is not rewarded

Audience Oriented:

It focuses on the reader, not the sender; concentrate on looking at a problem from the perspective of the audience instead of seeing it from your own.

5 0

2 years ago

SBD Phone Company sells its waterproof phone case for $114 per unit. Fixed costs total $222,000, and variable costs are $34 per

g100num [7]

Answer:

5,275

Explanation:

The targeted pretax income is the difference between the targeted total sales and the estimated total cost.

The total cost is the sum of the fixed and variable cost. The sales and variable cost are dependent on the level of activities or number of units produced and sold.

Contribution margin is the difference between the sales and variable cost.

Let the number of units to be sold be F

114F - 34F - 222,000 = 200,000

80F = 422,000

F = 422,000/80

= 5,275

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2 years ago

Your buddy Amanda wants your advice. She presents you with the utility schedule above and wants to know how many units of Produc

Vilka [71]

Answer:

Answer for the question:

Your buddy Amanda wants your advice. She presents you with the utility schedule above and wants to know how many units of Product B she should purchase to maximize her utility. She tells you the price of Product A is $6 and the price of Product B is $10. Amanda informs you she only wants to spend $48. How many units of Product B do you tell Amanda to purchase?

is given in the attachment.

Explanation:

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2 years ago

How do scarce resources influence you personally? What impact does this have on your financial management?

tankabanditka [31]

Scarce resources encourage me to spend time thinking about how I use the limited amount of money and materials that have so that I may use them in a matter that best guarantees that I will get the most satisfaction out of it. Since resources also include time, they also define how much I time I spend doing which activities, and steer me to put in a certain degree of work.

Since there is a limited supply of resources, the great wheel that facilitates the cycle that these such resources use, known as money, must also be limited. How I manage my finances (money and resources). Knowing this, I am encouraged to invest such resources into more efficient outlets to attain the most powerful results out of my few resources.

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2 years ago