subject
Business, 15.04.2021 21:00 menakri53

2. The purchase of supplies on account results in a (A) credit to Accounts Payable. (B) credit to Accounts Payable and the vendor's accounts payable account. (©) debit to
Accounts Payable. (D) debit to Accounts Payable and the vendor's accounts payable
account

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 03:30, jadahilbun01
Instructions: use the following information to construct the 2000 balance sheet and income statement for carolina business machines. round all numbers to the nearest whole dollar. all numbers are in thousands of dollars. be sure to read the whole problem before you jump in and get started. at the end of 1999 the firm had $43,000 in gross fixed assets. in 2000 they purchased an additional $14,000 of fixed asset equipment. accumulated depreciation at the end of 1999 was $21,000. the depreciation expense in 2000 is $4,620. at the end of 2000 the firm had $3,000 in cash and $3,000 in accounts payable. in 2000 the firm extended a total of $9,000 in credit to a number of their customers in the form of accounts receivable. the firm generated $60,000 in sales revenue in 2000. their cost of goods sold was 60 percent of sales. they also incurred salaries and wages expense of $10,000. to date the firm has $1,000 in accrued salaries and wages. they borrowed $10,000 from their local bank to finance the $15,000 in inventory they now have on hand. the firm also has $7,120 invested in marketable securities. the firm currently has $20,000 in long-term debt outstanding and paid $2,000 in interest on their outstanding debt. over the firm's life, shareholders have put up $30,000. eighty percent of the shareholder's funds are in the form of retained earnings. the par value per share of carolina business machines stock is
Answers: 3
image
Business, 22.06.2019 10:50, iaminu50
Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?
Answers: 3
image
Business, 22.06.2019 16:20, AnhQNguyen6764
The following information relates to the pina company. date ending inventory price (end-of-year prices) index december 31, 2013 $73,700 100 december 31, 2014 100,092 114 december 31, 2015 107,856 126 december 31, 2016 123,009 131 december 31, 2017 113,288 136 use the dollar-value lifo method to compute the ending inventory for pina company for 2013 through 2017.
Answers: 1
image
Business, 22.06.2019 18:00, kekoanabor19
Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.
Answers: 2
You know the right answer?
2. The purchase of supplies on account results in a (A) credit to Accounts Payable. (B) credit to A...

Questions in other subjects:

Konu
Mathematics, 15.09.2020 02:01
Konu
Mathematics, 15.09.2020 02:01
Konu
Mathematics, 15.09.2020 02:01
Konu
Social Studies, 15.09.2020 02:01
Konu
Mathematics, 15.09.2020 02:01
Konu
Mathematics, 15.09.2020 02:01
Konu
English, 15.09.2020 02:01
Konu
History, 15.09.2020 02:01
Konu
Mathematics, 15.09.2020 02:01
Konu
Mathematics, 15.09.2020 02:01