In the last few decades the car manufacturing sector has found it difficult to compete with foreign car imports. High labor costs is one of the main reasons economist site as the lack of competitiveness for the car manufacturing industry. If there was modest inflation, how could it possibly help the car manufacturing industry in the United States compete with foreign car manufacturers?
a. The consumers of the cars have increased purchasing power.
b. Business loans would cost less for the U.S. car manufacturers.
c. It could allow real wages to downwardly adjust more easily.

Answers

Answer 1

Answer: c. It could allow real wages to downwardly adjust more easily.

Explanation:

When there is modest inflation, companies in the car manufacturing industry can simply decide not to increase nominal wages. This would lead to a fall in real wages as inflation would ensure that the nominal wages are less than they were worth before.

This decrease in real wages will allow the companies in the industry to reduce labor costs in real terms and become more competitive with the foreign manufacturers.


Related Questions

A new accountant working for Metcalf Company records $800 Depreciation Expense on store equipment as follows:

Dr. Depreciation Expense 800
Cr. Cash 800

The effect of this entry is to:__________

a. Understand the book of the value of depepreciable assets as of December 31.
b. adjust the accounts to their proper amounts on December 31.
c. understand total assets on the balance sheet as of December 31.
d. overstate the book value of the depreciation assets at December 31,

Answers

Answer:

sorrryyyyyyyyyysorrryyyyyyyyyysorrryyyyyyyyyy

In a firm that manufactures clothing, the department that is responsible for actually assembling the garments could best be described as a(n):

Answers

Answer:

Operating or production department.

Explanation:

Operating or production department Deals with production and efficiency.

It should be noted that in a firm that manufactures clothing, the department that is responsible for actually assembling the garments could best be described as Operating or production department.

Explain characteristics of a business?

Answers

Answer:

Self made

Explanation:

In order to calculate the amount of money needed to maintain a standard of living 20 years from now, you attempt to calculate an FV (20 years from now) of today's living expenses. What would be most appropriate for you to use as the interest rate?
Money market rate
Expected inflation rate
Average market rates of return
Average market return + inflation

Answers

Answer:

Expected inflation rate

Explanation:

Expected Inflation rate would be the most appropriate rate to use as interest rate in the calculation because it gives a somewhat accurate picture of how prices will behave in the coming years, and therefore, of how cost of living will evolve, and how much money will be needed to maintain your living standards 20 years from now.

Expected inflation is never a completely accurate measure though, and it can be sensitive to economic or political shocks, so it should be used with caution and keeping that in mind.

Consider the following transactions for
BigGuy Toys​:
Apr. 7 BigGuy Toys purchased $198,800 worth of MegoBlock toys on account with credit terms of 2/10, n/60.
Apr. 13 BigGuy Toys returned $19,800 of the merchandise to MegoBlock due to damage during shipment.
Apr. 15 BigGuy Toys paid the amount due, less the return and discount.

Required:
a. Journalize the purchase transactions. Explanations are not required.
b. In the final​ analysis, how much did the inventory cost BigGuy Toys​?

Answers

Answer and Explanation:

a. The journal entries are shown below:

On April 7

Merchandise inventory $198,800

          To Account payable $198,800

(being the inventory purchase on account)

On April 13

Account payable $19,800

         To Merchandise inventory $19,800

(Being returned inventory is recorded)

On April 15

Account payable ($198,800 - $19,800) $179,000

          To Cash (98% of $179,000) $175,420

          To Merchandise inventory $3,580

(being the amount paid is recorded)

b. The inventory cost should be $175,420

Which printing method is best for Bath Bomb Container?

Answers

Answer:

One of the most typical methods for Custom Bath Bomb Container is flexographic and offset printing. https://custompackagingpro.com/product/custom-printed-bath-bomb-packaging-boxes

Agreements between an exporter and an agent and agreements between an exporter and a distributor are called distribution contracts.

a. True
b. False

Answers

Answer: True

Explanation:

The statement that the agreements between an exporter and an agent and the agreements between an exporter and a distributor are called the distribution contracts is true.

It should be noted that the distribution comtract is the contract that takes place between the supplying company and the other company which sells the products. The contract gives the distributor the right to sell and market the product of the supplier.

Periodic inventory by three methods The beginning inventory for Midnight Supplies and data on purchases and sales for a three-month period are shown below:
Number
Date Transaction of Units Per Unit Total
Jan. 1 Inventory 7,500 $75.00 10
Purchase 85.00 22,500 11,250
28 Sale $562,500 1,912,500 1,687,500
562,500 150.00 30 Sale 3,750 150.00
Feb. 5 Sale 1,500 150.00 225,000
10 Purchase 54,000 87.50 4,725,000
16 Sale 27,000 160.00 4,320,000
28 Sale 25,500 160.00 4,080,000
Mar. 5 Purchase 45,000 89.50 4,027,500
14 Sale 30,000 160.00 4,800,000
25 Purchase 7,500 90.00 675,000
30 Sale 26,250 160.00 4,200,000
1. Determine the inventory on March 31 and the cost of merchandise sold for the three-month period, using the first-in, first-out method and the periodic inventory system.
2. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the last-in, first-out method and the periodic inventory system.
3. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the weighted average cost method and the periodic inventory system.
4. Compare the gross profit and the March 31 inventories, using the following column headings.

Answers

Answer:

1. We have:

Inventory on March 31 = $1,010,625

Cost of merchandise sold for the three-month period = $10,891,875

2. We have:

Inventory on March 31 = $881,250

Cost of merchandise sold for the three-month period = $11,021,250

3. We have:

Inventory on March 31 = $980,975.27

Cost of merchandise sold for the three-month period = $10,921,524.73

4. We have:

Details                               FIFO               LIFO                Weighted Average

                                              $                     $                                 $

Sales                            19,875,000      19,875,000                 19,875,000

Cost of Goods sold    (10,891,875)      (11,021,250)                 (10,921,525)  

Gross Profit                  8,983,125        8,853,750                     8,953,475

Inventory, March 31       1,010,625           881,250                      980,975

Explanation:

1. Determine the inventory on March 31 and the cost of merchandise sold for the three-month period, using the first-in, first-out method and the periodic inventory system.

Note: See part 1 of the attached excel file for the determined inventory on March 31 and the cost of merchandise sold for the three-month period, using the first-in, first-out method and the periodic inventory system.

From the part 1 of the attached excel file, we have:

Inventory on March 31 = $1,010,625

Cost of merchandise sold for the three-month period = $10,891,875

2. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the last-in, first-out method and the periodic inventory system.

Note: See part 2 of the attached excel file for the determined inventory on March 31 and the cost of merchandise sold for the three-month period, using the last-in, first-out method and the periodic inventory system.

From the part 2 of the attached excel file, we have:

Inventory on March 31 = $881,250

Cost of merchandise sold for the three-month period = $11,021,250

3. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the weighted average cost method and the periodic inventory system.

Note: See part 3 of the attached excel file for the determined inventory on March 31 and the cost of merchandise sold for the three-month period, using the weighted average cost method and the periodic inventory system.

From the part 3 of the attached excel file, we have:

Inventory on March 31 = $980,975.27

Cost of merchandise sold for the three-month period = $10,921,524.73

4. Compare the gross profit and the March 31 inventories, using the following column headings.

Details                               FIFO               LIFO                Weighted Average

                                              $                     $                                 $

Sales                            19,875,000      19,875,000                 19,875,000

Cost of Goods sold    (10,891,875)      (11,021,250)                 (10,921,525)  

Gross Profit                  8,983,125        8,853,750                     8,953,475

Inventory, March 31       1,010,625           881,250                      980,975

True or False: In general, term loans may be created and modified more easily than bond issues because (1) there are fewer parties to the transaction, and (2) the borrower and the lender have the potential to meet directly to reach mutually agreeable terms.

Answers

Answer:

False

Explanation:

A term loan can be regarded as monetary loan which is expected to be repaid on regular payments basis over particular period of time. Term loans are one that the lasting duration is

usually between one and ten years, and in some cases could last as long as 30 years . It is a loan that usually encompass unfixed interest rate which could add additional balance to the amount be repaid.

While the evidence suggests that over long periods of time that stocks will outperform bonds, individuals with a long-term investment horizon may still choose to invest in bonds. Is this rational behavior? Why or why not?

Answers

Answer:

Stocks and Bonds

Yes.  It is a rational behavior for individuals with a long-term investment horizon to choose to invest in bonds rather than investing in stocks despite the overwhelming "evidence that suggests that over long periods of time stocks still outperform bonds."

Rational behavior involves making rational choices that provide optimal levels of benefit or utility for the individual. People who make rational choices would rather choose bonds with lower risks and returns than stocks with higher risks and returns.

Explanation:

Every rational investor would prefer to reduce her risk exposure instead of increasing it.  Every investor is also aware that  investments with higher risks attract higher returns.  However, determining the certainty of the returns is difficult.

0. Westcomb, Inc. had equity of $150,000 at the beginning of the year. At the end of the year, the company had total assets of $195,000. During the year, the company sold no new equity. Net income for the year was $72,000 and dividends were $44,640. What is the sustainable growth rate?

Group of answer choices

D. 18.01 percent

C. 17.78 percent

B. 18.24 percent

A. 15.32 percent

Answers

Answer:

18.24

Explanation:

Sustainable growth rate is the rate of growth a company can afford in the long term

sustainable growth rate = retention rate x ROE  

b = retention rate. It is the portion of earnings that is not paid out as dividends

Retention rate = 1 - payout ratio =

payout ratio = dividend / net income

retention rate = 1 - $44,640 / 72,000 = 0.38

Return on equity = net income / average total equity

= 72,000 / 150,000 = 0.48

g = 0.48 x 0.38 = 18.24%

Instead of investing a lump of sum of $25000,Brittany Royer decides to svae the money in a vault for 2years. Assuming the inflation being 2.5%per year,how much will her purchasing power decline in 2years

Answers

Answer:

$1265.63

Explanation:

Inflation is a persistent rise in the general price levels

Types of inflation

1. demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise

2. cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect  

Loss in purchasing value = future value of the amount saved - amount saved

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

$25000 (1.025)² = $26.265.625

Amount lost = $26.265.625 - $25,000 = $1265.63

XYZ Company uses a weighted-average process costing system. All materials at XYZ are added at the end of the production process. Equivalent units for materials at XYZ would be equal to:

Answers

Answer:

Equivalent units for materials at XYZ would be equal to the addition of units in beginning work in process and the units started.

Explanation:

A weighted-average process costing system refers to a process costing system in which expenses are averaged out and applied evenly to both units transferred out and units in ending work in process.

An equivalent unit of production is a measurement of the amount of work done by a manufacturer on partially completed units of output at the end of a fiscal period. In general, fully completed units and partially completed units are expressed as fully completed units.

When a weighted-average process costing system is being used, the equivalent units is obtained as the addition of units in beginning work in process and the units started.

Therefore, equivalent units for materials at XYZ would be equal to the addition of units in beginning work in process and the units started.

In 2008, 1 Swiss franc cost .56 British pounds and in 2010 it cost .51 British pounds in 2010. How much would 1 British pound purchase in Swiss francs in 2008 and 2010

Answers

Answer:

1.78 Swiss franc

1.96 Swiss franc

Explanation:

Below is the calculation:

In the year 2008, 1 Swiss franc cost = 0.56 British pounds

In the year 2010, 1 Swiss franc cost = 0.51 British pounds

Now calculate the Swiss frac purchase by 1 bristish pound.

In the year 2008,  1 British pound will purchase = 1 / 0.56 = 1.78 Swiss franc

In the  year 2010,  1 British pound will purchase = 1 / 0.51 = 1.96 Swiss franc

6. Guillermo and Nora adopted a little boy in 2020 and incurred a total of $18,000 qualified adoption expenses. Their modified AGI is $220,000. What is the amount of adoption credit they can take

Answers

Answer:

Guillermo and Nora

The amount of adoption credit that they can take is limited to:

= $14,300 in 2020.

Explanation:

a) Data and Calculations:

Modified AGI of Guillermo and Nora = $220,000

Total amount of qualified adoption expenses incurred in 2020 = $18,000

Limit of adoption credit available to the couple in 2020 = $14,300

Lost adoption expenses = $3,700 ($18,000 - $14,300)

b) The couple will not be able to take adoption credit amounting to $3,700 because the amount they spent on adoption expenses exceeded the adoption credit limit for 2020.

SOX requires the Chief Executive Officer (CEO) and which corporate officer to certify the accuracy of the financial statements?

Answers

Answer:

SOX requires the Chief Executive Officer (CEO) and the Chief Financial Officer (CFO) to certify the accuracy of the financial statements.

Explanation:

This requirement ensures the public accountability of the top chief executive officers of publicly-traded companies.  The CEO is at the helm of affairs of the company, while the CFO has responsibility for the financial records, which produced the financial statements.  This is the reason that the two top managers are required to sign off the financial statements, thus, vouching their accuracy.

Accompanying a bank statement for Marsh Land Properties is a credit memo for payment on a $15,000 1-year note receivable and $900 of interest collected by the bank. Marsh Land Properties has been notified by the bank at the time of collection, but had made no entries.

Required:
Journalize the entry that should be made by Marsh Land to bring the accounting records up to date.

Answers

Answer:

Dr Cash $15,900

Cr Notes Receivable $15,000

Cr Interest Revenue $900

Explanation:

Preparation of the journal entry that should be made by Marsh Land to bring the accounting records up to date.

Dr Cash $15,900

($15,000+$900)

Cr Notes Receivable $15,000

Cr Interest Revenue $900

The accounting records of Diego Company revealed the following costs, among others:
Factory insurance $32,000
Raw material used $256,000
Customer entertainment $15,000
Indirect labor $45,000
Depreciation on salespersons' cars $22,000
Production equipment rental costs $72,000
Costs that would be considered in the calculation of manufacturing overhead total:
A. $149,000.
B. $171,000.
C. $186,000.
D. $442,000.
E. some other amount.

Answers

Answer:

Option A ($149,000) is the correct alternative.

Explanation:

Given:

Factory insurance,

= $32,000

Indirect labor,

= $45,000

Production equipment rental costs,

= $72,000

Now,

The total manufacturing costs will be:

= [tex]Factory \ insurance+Indirect \ labor+Production \ equipment \ rental \ costs[/tex]

By putting the given values, we get

= [tex]32000+45000+72000[/tex]

= [tex]149,000[/tex] ($)

According to rational expectations theory, Question 7 options: every day is a new day and yesterday's occurrences have no bearing on today's decisions. when making decisions a person will consider only information based on past experience. even though a person considers information related to future events as potentially important for decision making, he realizes that such information is unreliable and worthless. past experience is a good guide for decision making, but so is information related to possible future outcomes.

Answers

Answer:

past experience is a good guide for decision making, but so is information related to possible future outcomes.

Explanation:

The rational expectations theory refer to a concept and modeling technique that is applied widely in macroeconomics. In this the individual depend their decision on three main factors i.e. human rationality, available information and the past experience

As per the rational expectations theory the future should always be taken in expectation with regard to the decisions and it is vital for the same.

So as per the given situation, the above should be the answer

Cullumber Corporation recently reported an EBITDA of $30.70 million and net income of $9.7 million. The company had $6.8 million in interest expense, and it's average corporate tax rate was 35 percent. What was its depreciation and amortization expense

Answers

Answer:

$9.7 million

Explanation:

Calculation to determine depreciation and amortization expense

EBITDA 30.7 million

Less:Depreciation and amortization expense(balance) ($8976923.08,)

(30.7-21.7230769)

EBIT $8976923.08

(14.9230769+6.8)

Less:interest expense (6.8 million)

EBT 14.9230769 million

(100%)(9.7/0.65)

Less:tax 35%(14.9230769*35%) 5.2230769 million

Net income(65%) 9.7 million

Therefore depreciation and amortization expense will be 9.7 million

Mcdormand inc reported a 3400 unfavorable price variance for variable overhead and a $34,000 nfavorable price variance for fixed overhead. The flexible budget had variable overhead based on 36,100 direct labor-hours; only 34,100 hours were worked. Total actual overhead was $1,810,400. The number of estimated hours for computing the fixed overhead application rate totaled 37,500 hours.

Required:
a. Prepare a variable overhead analysis.
b. Prepare a fixed overhead analysis.

Answers

Answer:

A. Variable overhead price variance 3400 U

Variable overhead efficiency variance 60000 F

Variable overhead cost variance 56600 F

B. Fixed overhead price variance 34000 U

Production volume variance 28000 U

Fixed overhead cost variance 62000 U

Explanation:

a. Preparation of a variable overhead analysis.

Variable overhead price variance = 3400 U

Calculation for Variable overhead efficiency variance

First step is to calculate the Actual input at standard rate

Actual input at standard rate = (34100*30)

Actual input at standard rate= 1023000

Second step is to calculate the Standard rate

Standard rate = 1083000/36100

Standard rate=30

Now let calculate Variable overhead efficiency variance

Variable overhead efficiency variance = (1083000-1023000)

Variable overhead efficiency variance = 60000 F

Calculation for Variable overhead cost variance

Variable overhead cost variance = (60000-3400)

Variable overhead cost variance= 56600 F

Therefore the variable overhead analysis will be:

Variable overhead price variance 3400 U

Variable overhead efficiency variance 60000 F

Variable overhead cost variance 56600 F

b. Preparation of a fixed overhead analysis.

Fixed overhead price variance = 34000 U

Calculation for Production volume variances

First step is to calculate Actual input at standard rate

Actual input at standard rate= 34100*30

Actual input at standard rate= 1023000

Second step is to calculate Fixed overhead actual

Fixed overhead actual= 1810400-(1023000+3400)

Fixed overhead actual= 784000

Third step is to calculate Budgeted fixed overhead

Budgeted fixed overhead = (784000-34000)

Budgeted fixed overhead = 750000

Fourth step is to calculate Fixed overhead applied

Fixed overhead applied= (750000/37500)*36100

Fixed overhead applied= 722000

Now let calculate Production volume variance

Production volume variance = (750000-722000) Production volume variance= 28000 U

Calculation to determine Fixed overhead cost variance

Fixed overhead cost variance = (28000+34000) Fixed overhead cost variance= 62000 U

Therefore fixed overhead analysis will be:

Fixed overhead price variance 34000 U

Production volume variance 28000 U

Fixed overhead cost variance 62000 U

You want to be a millionaire when you retire in 40 years.
a. How much do you have to save each month if you can earn an annual return of 9.7 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. How much do you have to save each month if you wait 10 years before you begin your deposits? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.). How much do you have to save each month if you wait 20 years before you begin your deposits? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Answer:

a. FV = $1,000,000

rate = 9.7%

n = 40 periods

FVIFA = [(1 + 0.097)⁴⁰ - 1] / 0.097 = 407.9960231

annual savings = $1,000,000 / 407.9960231 = $2,451.00

b. FV = $1,000,000

rate = 9.7%

n = 30 periods

FVIFA = [(1 + 0.097)³⁰ - 1] / 0.097 = 155.4306295

annual savings = $1,000,000 / 155.4306295 = $6,433.74

FV = $1,000,000

rate = 9.7%

n = 20 periods

FVIFA = [(1 + 0.097)²⁰ - 1] / 0.097 = 55.35978429

annual savings = $1,000,000 / 55.35978429 = $18,063.65

Earning a promotion is made easier if you know the ______.

a. First and last name of your supervisor
b.Password to your company’s database is
c.Kind of characteristics your company values
d.Lunch order your supervisor favors

Answers

The answer is C. Kind of characteristics your company values

Answer:

c

Explanation:

Wesley lives in a country with little protection under the law for conducting business or bringing his ideas about a revolutionary new car tire to the market with patent production. Because of the economic conditions what will Wesley most likely do?
A) Develop his tire and bring it to market with ease and minimal cost.
B) Find a country where he can develop his tire idea and have it protected under strong patent laws.
C) Keep his ideas in a notebook and sell them to the highest bidder.

Answers

Answer:

B

Explanation:

Patents are a right granted to an inventor to exclusively sell a product for a specific period of time usually for 20 years. During this period, others are prevented from making, using, or selling the invention.

Types of patents include:

1. utility patents

2. design patents

3. plant patent

Because Wesley's country does not have a strong patent law, the best option for Wesley is to move to a country with strong patent laws so his invention can be protected.

Time value of money calculations can be solved using a mathematical equation, a financial calculator, or a spreadsheet. Which of the following equations can be used to solve for the future value of an ordinary annuity?
1) PMT x {1 – [1/(1 + r)nn]}/r
2) PMT x {[(1 + r)nn – 1]/r}
3) FV/(1 + r)nn
4) PMT x {[(1 + r)nn – 1]/r} x (1 + r)

Answers

Answer:

b.  PMT x {[(1 + r)nn – 1]/r}

Explanation:

The formula that should be calculated for the future value of an ordinary annuity is shown below:

= PMT × {[(1 + r)^n - 1] ÷ r}

Here

PMT denotes the coupon payment

r denotes the rate of interest

n denotes the time period

So as per the given situation, the option b is correct

Best Brands Appliance Mart is getting ready for its annual Labor Day sale. There are two Best Brands stores, one in midtown Manhattan and another in Amityville. Merchandise is stored in two warehouses, one in Brooklyn and one in Baldwin. From experience in past years, the owners know the big mover during the sale is tablets. The Manhattan store needs 500, while the Amityville store will require 400. Each warehouse has 600 tablets in stock. It costs $1 and $2 to ship a tablet from Brooklyn to Manhattan and to Amityville, and $2 and $4 to ship one from Baldwin to Manhattan and Amityville. What is the best shipping strategy for getting the tablets from the warehouses into the stores to minimize the shipping cost?

Answers

Answer:

Explanation:

From the given information:

Assuming we represent x to be the tablets sent from Brooklyn to Manhattan

Thus, (500 - x) to be the tablets sent from Baldwin to Manhattan

Also, suppose we represent y to be the tablets sent from Brooklyn to Amityville

It implies that (400 - x) to be the tablets sent from Baldwin to Amityville

x ≥ 0 ; y ≥ 0  

⇒   500 - x ≥ 0  & 400 - y ≥ 0

The Shipping cost Z = 1(x) + 2(500-x) + 2(y) + 4(400-y)

Z = x + 1000 - 2x + 2y + 1600 - 4y

Z = x -2y + 2600

To minimize the shipping cost:

[tex]\left \{ 500-x \geq 0 \ \implies \ x\leq 500}} \atop {400-y \geq 0 \ \implies \ y\leq 400}} \right.[/tex]

Thus, by replacing the coordinate values (x,y) into Z, we have:

Point    Coordinates(x,y)    Value of Z (shipping cost)

0             (0,0)                             0

A             (0,400)                     1800

B             (500,400)                 1300

C             (500,0)                      2100

Hence, the minimum cost is 1300.

x = 500 units   and  y = 400 units

If we are covering labor and overhead costs of an item in a Managerial Accounting course, we are referring to which concepts?

Answers

Answer: D. Manufacturing cost

Explanation:

Manufacturing costs include all costs related to the production of a good. This includes direct costs such as direct labor and material and also manufacturing overheads such as assembly line manager salary.

When talking about both labor and overhead costs in relation to a good in managerial accounting, the relevant concept is therefore manufacturing costs as it envelops the two terms.

Suppose that the turkey industry is in long-run equilibrium at a price of $5 per pound of turkey and a quantity of 400 million pounds per year. Suppose that WebMD claims that a protein found in turkey will increase your expected lifespan by 2 years. WebMD's claim will cause consumers to demand _____________turkey at every price.

Answers

Answer:

The "WebMD's claim will cause consumers to demand ______more_______turkey at every price."

Explanation:

Consumers will tend to demand more turkey in order to increase their expected lifespan by 2 years by consuming more of the protein found in turkey as claimed by WebMD.  This implies that there will a new equilibrium as the old equilibrium shifts outward to match the increased demand by consumers of turkey.  This claim may trigger demand and supply to exceed the annual 400 million pounds equilibrium at $5 per pound.

Jerry's Flowers had the following cost information related to its purchases of merchandise. Calculate the total cost of merchandise purchased using the information below: Invoice cost of merchandise purchases $100,000 Purchase discounts received $ 9,000 Cost of transportation-in (shipping) $ 500 Costs of purchase returns and allowances $ 400

Answers

Answer:

$91,100

Explanation:

Calculation to determine the total cost of merchandise purchased

Using this formula

Total cost of merchandise purchased = Invoice cost of merchandise purchases + Cost of transportation in - Purchase returns and allowances - Purchase discount

Let plug in the formula

Total cost of merchandise purchased= $100,000 + $500 - $400 - $9,000

Total cost of merchandise purchased= $91,100

Therefore the total cost of merchandise purchased is $91,100

On June 30, 2009, Apricot Co. paid $5,000 cash for management services to be performed over a two-year period. Apricot follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31, 2009 for Apricot would include:

Answers

Answer:

A debit to Management Services Expense for $1,250.

Explanation:

The adjusting entry for apricot would include that

There is a debit to the  Management Services Expense for

= $5,000 ÷ 2 years × 6 months ÷ 12 months

= $1,250

Hence, the adjusting entry for apricot would include a debit to the  Management Services Expense for $1,250

The same should be considered and relevant

Other Questions
1. Wo warst du gestern? (2 points)Ich bin in der Schule.Ich war in der Schule.Ich gewesen in der Schule.Ich gegangen in die Schule.2. Hast du gestern Fuball gespielt? (2 points)Nein, ich habe Basketball gespielt.Nein, ich habe Basketball gespielen.Nein, ich bin Basketball gespielt.Nein, ich gespielt Basketball.3. Was hast du gestern gemacht? (2 points)Ich haben viel gearbeitet.Ich bin viel gearbeitet.Ich habe gearbeitet viel.Ich habe viel gearbeitet.4. Wo hast du gestern gelernt? (2 points)Ich bin in der Bibliothek gelernt.Ich habe in der Bibliothek gelernet.Ich habe in der Bibliothek gelernt.Ich habe die Bibliothek gelernt. what is the solution to the system of equations How does a pedometer help people reach their fitness goals?A.It measures calories burned throughout the dayB.It usually doubles as an MP3 player and keeps people motivated.C.They help people reach their goals by counting the number of steps taken.D.They measure the number of lifts done during each exercise performed. Read this sentence from the section "First Tree Planted by Mrs. Taft."Because of this novel characteristic which singles out Washington from other cities, coupled with the fact that the trees are now in full splendor, a short history of their appearance in the capital city is of interest.How does the word "novel" affect the meaning of the sentence?It suggests that cherry trees grow natively in Washington, D.C.It emphasizes how unusual it is for a U.S. city to have so many cherry trees.It implies that the cherry trees are a new addition to Washington, D.C.It shows that cherry trees have become common in many U.S. cities. The angle subtended by a section of a circle is100". If the perimeter of the sector is 150cmcalculate the radius Tim has X beadsAmy has 2 more beads than TimSarah has 5 times as many beads as AmyHow many beads does Sarah have? what is stock exchange Find thevolume of thecomposite solid Write a program that prints the following 45 pairs of numbers:1121223132334142434451***979899Note that the first numbers go from 1 to 9, and the second numbers start at 1 and go up to thevalue of the first number (9 times). You must use loops to do this not 45 print statements. 602.88 rounded to 2 decimal place is ? a bucket contains 3 1/2 gallon of water. If Marie adds 5 gallons more, how many gallons of water will there be in all? how can i solve the following2(x + 3) = x - 4 help plssssssssssssssssssssssssssssss Mike works h hours in a week. To find his weekly pay he multiplies his hours by his pay of $30 per hour and adds $5 for his sales bonus. He's decided that he wanted to take one-fifth of his weekly pay and place it in his savings. Which simplified expression represents the amount that will go into his savings each week? Name two numbers that are 14 units from 2 on the number line In 1852, the famed Cumberland Road, or National Road, was finallycompleted. It stretched from Maryland to Illinois, covering nearly600 miles and five states. How do you think the towns along thehighway benefited from the new traffic? Explain your answer inparagraph form. Narrate a story about the best, strangest, funniest or worst thing that happened to you on a vacation or trip to another place. Focus on events and experience. una Situacin problemtica? Pls help if you only know the correct answer! Thanks! :) Use the question below to answer the conditional probability question.