Journalizing Cash Payments Transactions Enter the following cash payments transactions in a general journal:
Sept. 5 Issued Check No. 318 to Georgetown Inc. for merchandise purchased
August 28, $5,500, terms 2/10, n/30. Payment is made within the discount
period.
12 Issued Check No. 319 to Martin Company for merchandise purchased
September 2, $7,500, terms 1/10, n/30. A credit memo had been received
on September 8 from Martin Company for merchandise returned, $500.
Payment is made within the discount period after deduction for the return
dated September 8.
19 Issued Check No. 320 to Professional Partners for merchandise purchased
August 20, $4,000, terms n/30.
27 Issued Check No. 321 to Dynamic Data for merchandise purchased
September 17, $9,000, terms 2/10, n/30. Payment is made within the
discount period.

If temper company, a manufacturer of mattresses, was considering moving its production facilities to china but decided against it because the additional costs of shipping the mattresses back to the u. s. would offset the cost savings associated with moving the production facilities, the increased costs associated with shipping would be an example ofanswers: learning-curve economies. diseconomies of scale. economies of scale. competitive advantages.

Price and efficiency variances, journal entries. the schuyler corporation manufactures lamps. it has set up the following standards per finished unit for direct materials and direct manufacturing labor: direct materials: 10 lb. at $4.50 per lb. $45.00 direct manufacturing labor: 0.5 hour at $30 per hour 15.00 the number of finished units budgeted for january 2017 was 10,000; 9,850 units were actually produced. actual results in january 2017 were as follows: direct materials: 98,055 lb. used direct manufacturing labor: 4,900 hours $154,350 assume that there was no beginning inventory of either direct materials or finished units. during the month, materials purchased amounted to 100,000 lb., at a total cost of $465,000. input price variances are isolated upon purchase. input-efficiency variances are isolated at the time of usage. 1. compute the january 2017 price and efficiency variances of direct materials and direct manufacturing labor. 2. prepare journal entries to record the variances in requirement 1. 3. comment on the january 2017 price and efficiency variances of schuyler corporation. 4. why might schuyler calculate direct materials price variances and direct materials efficiency variances with reference to different points in time

If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution, you are using your car as collateral. true false