Business, 13.03.2020 23:54 williamsjamon0
The Wilson Company purchased $44,000 of merchandise from the Poole Wholesale Company. Wilson also paid $3,000 for freight costs to have the goods shipped to its location.
Which of the following statements regarding the necessary entries for the transactions is true? Wilson the perpetual inventory system.
A. Total debits to the inventory account would be $47,000.
B. Total debits to the inventory account would be $44,000.
C. Transportation-in would be debited for $3,000.
D. Total debits to the inventory account would be $41,000.
Answers: 2
Business, 22.06.2019 15:40, brookekolmetz
As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage
Answers: 1
Business, 22.06.2019 18:00, Aethis
Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan
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Which of the following best explains how trade enables greater specialization among producers? a. trade diversifies the market by bringing specialized goods from around the world. b. trade requires distribution networks and adds one more step to the production process. c. trade enables producers to open up new markets for their goods and services. d. trade allows people to focus on one kind of production and trade for their other needs.
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The Wilson Company purchased $44,000 of merchandise from the Poole Wholesale Company. Wilson also pa...
Computers and Technology, 05.08.2019 23:10