Sales and purchase-related transactions using perpetual inventory system The following were selected from among the transactions completed by Essex Company during July of the current year. Essex uses the net method under a perpetual inventory system.
July 3. Purchased merchandise on account from Hamling Co., list price $85,000, trade discount 25%, terms FOB shipping point, 2/10, n/30, with prepaid freight of $960 added to the invoice.
5. Purchased merchandise on account from Kester Co., $47,550, terms FOB destination, 2/10, n/30.
6. Sold merchandise on account to Parsley Co., $16,680, terms n/15. The cost of the goods sold was $9,440.
7. Returned merchandise with an invoice amount of $13,500 purchased on July 5 from Kester Co. 13. Paid Hamling Co. on account for purchase of July 3.
15. Paid Kester Co. on account for purchase of July 5, less return of July 7. 21. Received cash on account from sale of July 6 to Parsley Co.
21. Sold merchandise on MasterCard, $212,670. The cost of the goods sold was $144,350.
22. Sold merchandise on account to Tabor Co., $60,200, terms 2/10, n/30. The cost of the goods sold was $33,820.
23. Sold merchandise for cash, $38,610. The cost of the goods sold was $22,180. 28. Paid Parsley Co. a cash refund of $6,070 for returned merchandise from sale of July 6.
The cost of the returned merchandise was $3,630. 31.
Paid MasterCard service fee of $3,510.
Instructions Journalize the transactions.

The tax has a negative effect on the welfare of Australians because the demand for electricity is perfectly inelastic, which means that consumers will pay more for the same amount of electricity, resulting in a decrease in consumer surplus, as well as a decrease in total surplus (the sum of consumer and producer surplus).

If the Australian supply of electricity is upward sloping and the demand for electricity is perfectly inelastic, this means that regardless of the price of electricity, consumers will continue to demand the same quantity of electricity.

When the government imposes a tax on electricity of $t per unit, the supply curve shifts upward by the amount of the tax, since suppliers will need to charge a higher price to cover the additional cost. This results in a new equilibrium price and quantity, where the price paid by consumers increases by the amount of the tax, while the price received by suppliers decreases by the amount of the tax.

Using a supply and demand diagram, we can see that the new equilibrium occurs at a higher price (P2) and lower quantity (Q2) than before the tax was imposed. The difference between the original price (P1) and the new price (P2) is equal to the tax per unit of electricity (t).

Overall, Australia will be worse off after the tax has been imposed compared to before the tax. The tax causes an increase in the price of electricity, which leads to a decrease in the quantity demanded by consumers. Since the demand for electricity is perfectly inelastic, this means that consumers will have to pay more for the same quantity of electricity, resulting in a decrease in consumer surplus. Additionally, the decrease in quantity demanded also leads to a decrease in total surplus (the combined value of consumer and producer surplus). Therefore, the tax has a negative impact on the welfare of Australians.

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The long-run average total cost (LRATC) curve can be divided into three distinct portions.

The Economies of Scale Region: This is the leftmost portion of the curve, where the LRATC decreases as output increases. This occurs because the firm is able to take advantage of economies of scale, such as increased specialization, greater use of capital, and more efficient use of resources. As output increases, the average cost per unit decreases, leading to lower LRATC.

The Constant Returns to Scale Region: This is the middle portion of the curve, where the LRATC remains constant as output increases. This occurs when the firm is producing at an optimal scale, where the benefits of economies of scale have been exhausted, and the LRATC has reached its minimum level.

The Diseconomies of Scale Region: This is the rightmost portion of the curve, where the LRATC increases as output increases. This occurs because the firm is experiencing diseconomies of scale, such as increased coordination costs, communication difficulties, and reduced worker motivation. As output increases beyond a certain level, the average cost per unit increases, leading to higher LRATC.

LRATCs are constructed from short-run average total cost (SRATC) curves by analyzing the different production scales in the short run and determining the optimal scale for each level of output. The optimal scale is then plotted on the LRATC curve as the point where the SRATC curves intersect. As output increases, the optimal scale may change, and the corresponding SRATC curves will shift, leading to changes in the LRATC curve. The LRATC curve is a long-run concept, meaning that all inputs are variable, and firms have the flexibility to adjust their production scale to optimize their costs.

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False, As according Maslow's Hierarchical Hierarchy of Needs, a higher level of need can be met without first addressing a lower order need.

The base of Maslow's needs hierarchy is physiological needs. They are the items that an individual needs the most in order to survive. These comprise the need for food, clothing, warmth, relaxation, and health. At this level, a person's motivation comes from their innate will to survive. The highest level of Maslow's needs hierarchy is self-actualization. It is the endeavour of realising one's full potential. This need, unlike lower-level needs, is never completely satisfied because there are always fresh possibilities to grow.

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Here is an example of a three-day activity log:

Day 1:

Time Sleep Personal Travel Work School Fitness Recreation Volunteer

12:01-1:00 1

1:00-2:00 1

2:00-3:00 1

3:00-4:00 1

4:00-5:00 1

5:00-6:00 1 1

6:00-7:00 1 1

7:00-8:00 1 1

8:00-9:00 1 1

9:00-10:00 1 1

10:00-11:00 1 1

11:00-12:00 1 1

12:00-1:00 1

1:00-2:00 1

2:00-3:00 1

Day 2:

Time Sleep Personal Travel Work School Fitness Recreation Volunteer

12:01-1:00 1

1:00-2:00 1

2:00-3:00 1

3:00-4:00 1

4:00-5:00 1

5:00-6:00 1 1

6:00-7:00 1 1

7:00-8:00 1 1

8:00-9:00 1 1

9:00-10:00 1 1

10:00-11:00 1 1

11:00-12:00 1 1

12:00-1:00 1

1:00-2:00 1

2:00-3:00 1

Day 3:

Time Sleep Personal Travel Work School Fitness Recreation Volunteer

12:01-1:00 1

1:00-2:00 1

2:00-3:00 1

3:00-4:00 1

4:00-5:00 1

5:00-6:00 1 1

6:00-7:00 1 1

7:00-8:00 1 1

8:00-9:00 1 1

9:00-10:00 1 1

10:00-11:00 1 1

11:00-12:00 1 1

12:00-1:00 1

1:00-2:00 1

2:00-3:00 1

Note: The actual activities and time allocation would depend on the individual's personal and work life. This is just an example to illustrate how the log can be filled out.

It's important to be honest and accurate while filling out the log to get the most benefit from it.

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Answer:

hi

Explanation:

Answer:

to create solutions to problems

please mark brainlist me

Explanation:

Scientists use the scientific method to make testable explanations and predictions about the world. A scientist asks a question and develops an experiment, or set of experiments, to answer that question. Engineers use the engineering design process to create solutions to problems.

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They use the scientific method to make testable explanations and predictions about the world.

A scientist asks a question and develops an experiment, or set of experiments, to answer that question.

Answer:

In perfect competition, the product offered is standardized whereas in monopolistic competition product differentiation is there. In monopolistic competition, every firm offers products at its own price. ... Entry and Exit are comparatively easy in perfect competition than in monopolistic competition.

Explanation:

(hope this helps)

Answer:

hopefully this will help you

that´s all i can find at the moment

Answer:

B. Accounts Receivable 960

   Sales Revenue 960

   Cost of Goods Sold 620

    Inventory 620

Explanation:

Under perpetual inventory system the sale is recorded separately by sale value and the cost of the sold inventory is deducted from the inventory and added in the cost of goods sold.

Ne benefit of $340 (960-620) is automatically recorded and it will be measure at end of the period by formatting the income statement. It does not need to be recorded separately.

With our combined efforts as one HR, there is no cause we cannot influence. Knowing the law and interacting with expectant women are the greatest ways to stop pregnancy prejudice.

Employers place a high premium on discouraging pregnancy prejudice. The Pregnancy Discrimination Act of 1978's new EEOC rules have made it a particularly controversial topic in today's society. The best thing you can do to defend yourself in court is to train all managers or supervisors, but especially those who are directly in charge of supervising workers.

When you learn that a coworker is pregnant, you must show her respect and use caution. You should merely express gratitude to the worker for informing you. Offer pregnancy prejudice your support and assure her that, if necessary, you would make accommodation's that are reasonable in nature for her.

Never indicate that an employee's pregnancy is a burden on the company, and neither should your supervisors. Before approaching a pregnant employee, ask a member pregnancy prejudice of your human resources team any questions you may have about what to ask or not ask.

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The preparation of the journal entries to record the transactions of Natalie is as follows:

Feb. 2 Debit Inventory $1,150

Credit Accounts Payable (Kziniski Supply Co.) $1,150

(To record the purchase of goods on account, FOB Destination, Terms n/30.)

Feb. 16 Debit Cash $1,100

Credit Sales Revenue $1,100

(To record the sale of goods for cash.)

Feb. 25 Debit Accounts Payable $1,150

Credit Cash $1,150

(To record payment on account.)

Mar. 2 Debit Inventory $592

Credit Accounts Payable (Kziniski Supply Co.) $592

(To record the purchase of goods on account, FOB Destination, Terms n/30.)

Mar. 30 Debit Cash $2,200

Credit Sales Revenue $2,200

(To record the sale of goods for cash.)

Mar. 31 Debit Accounts Payable $592

Credit Cash $592

(To record payment on account.)

Apr. 1 Debit Inventory $1,172

Credit Accounts Payable (Kziniski Supply Co.) $1,172

(To record the purchase of goods on account, FOB Destination, Terms n/30.)

Apr. 13 Debit Cash $3,300

Credit Sales Revenue $3,300

(To record the sale of goods for cash.)

Apr. 30 Debit Accounts Payable $1,172

Credit Cash $1,172

(To record payment on account.)

May 4 Debit Inventory $1,800

Credit Accounts Payable (Kziniski Supply Co.) $1,800

(To record the purchase of goods on account, FOB Destination, Terms n/30.)

May 27 Debit Cash $1,100

Credit Sales Revenue $1,100

(To record the sale of goods for cash.)

Journal entries are the first or initial records of business transactions.

Journal entries identify the involved accounts and the ones to be debited or credited for each transaction in the general ledger.

Feb. 2 Inventory $1,150 Accounts Payable (Kziniski Supply Co.) $1,150

FOB Destination, Terms n/30.

Feb. 16 Cash $1,100 Sales Revenue $1,100

Feb. 25 Accounts Payable $1,150 Cash $1,150

Mar. 2 Inventory $592 Accounts Payable (Kziniski Supply Co.) $592

FOB Destination, Terms n/30.

Mar. 30 Cash $2,200 Sales Revenue $2,200

Mar. 31 Accounts Payable $592 Cash $592

Apr. 1 Inventory $1,172 Accounts Payable (Kziniski Supply Co.) $1,172

FOB Destination, Terms n/30.

Apr. 13 Cash $3,300 Sales Revenue $3,300

Apr. 30 Accounts Payable $1,172 Cash $1,172

May 4 Inventory $1,800 Accounts Payable (Kziniski Supply Co.) $1,800

FOB Destination, Terms n/30.

May 27 Cash $1,100 Sales Revenue $1,100

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Answer:

a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.

Answer:

yes it will change.

Explanation:

The coverage for the loss of the warehouse and unsold finished stock would typically fall under the Commercial Property insurance policy. The correct option is C.

Commercial property insurance covers physical loss or damage to a company's assets, such as its buildings, contents, and inventory. There are various coverage alternatives available for this situation within the Commercial Property policy. It's possible that the manufacturer has a policy endorsement referred to as "Manufacturers Selling Price Endorsement" or "Selling Price Endorsement." This endorsement does not cover the cost of manufacture or market value, only the loss of finished items or products at their selling price.

Thus, the ideal selection is option C.

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Answer:2.68

Explanation:

divide the income into the expenses

Answer:yes

Explanation:because yes

Answer:

Explanation:

1.

From the given information;

The spot rate for maturity at 0.5  year \((X_1) = 4\%/2 = 2\%\)

The spot rate for maturity at 1 year is:

= \(\dfrac{22.5}{(1+X_1)}+ \dfrac{1000 + 22.5}{(1+X_2)^2}=1000\)

= \(\dfrac{22.5}{(1+0.02)}+ \dfrac{1000 + 22.5}{(1+X_2)^2}=1000\)

= \(\dfrac{22.5}{(1+0.02)}+ \dfrac{1022.5}{(1+X_2)^2}=1000\)

By solving for \(X_2\);

\(X_2\) = 2.253%

The spot rate for maturity at 1.5 years is:

\(= \dfrac{25}{(1+X_1)}+ \dfrac{25}{(1+X_2)^2}+ \dfrac{1000 + 25}{(1+X_3)^3}=1000\)

Solving for \(X_3\)

\(X_3\) = 2.510%

The spot rate for maturity at 2 years is:

\(= \dfrac{27.5}{(1+X_1)}+ \dfrac{27.5}{(1+X_2)^2}+ \dfrac{27.5}{(1+X_3)^3} +\dfrac{1000+27.5}{(1+X_4)^4} =1000\)

By solving for \(X_4\);

\(X_4\) = 2.770%

Recall that:

Coupon rate = yield to maturity for par bond.

Thus, the annual coupon rates are 4%, 4.5%, 5%, and 5.5% for 0.5, 1, 1.5, 2 years respectively.

2.

For n years, the price of n-bond is:

\(= \dfrac{cash \ flow \ at \ year \ 1}{1+X_1}+ \dfrac{cash \ flow \ at \ year \ 2}{(1+X_2)^2}+... + \dfrac{cash \ flow \ at \ year \ b}{(1+X_n)^n}\)

Thus, for 2 years bond implies 4 periods;

∴

\(= \dfrac{40}{1+0.02}+ \dfrac{40}{(1+0.02253)^2} + \dfrac{40}{(1+0.0252)^3}+ \dfrac{40}{(1+0.0277)^4}\)

= $1047.024

3.

Suppose there exist no-arbitrage, then the price is:

\(= \dfrac{0}{(1+0.02)}+\dfrac{1000}{(1+0.02253)^2}\)

= 956.4183

Since the market price < arbitrage price.

We then consider 0.5, 1-year bonds from the portfolio

Now;

weight 2 × 1000 + weight 2 × 22.5 = 1000

weight 2 × 1022.5 = 1000

weight 2 = 1022.5/1000

weight 2 = 0.976

weight 1 + weight 2 = 1

weight 1 = 1 - weight 2

weight 1 = 1 - 0.976

weight 1 =  0.022

The price of a 0.5-year bond will be:

\(= \dfrac{1000}{(1+0.02\%)} \\ \\ =\mathbf{980.39}\)

The price of a 1-year bond will be = 1000

Market value on the bond portfolio = 0.022 × price of 0.5 bond + 0.978 × price 1-year bond = 956.42

= 0.022 × 980.39 + 0.978 ×  1000

= 956.42

So, to have arbitrage profit, the investor needs to purchase 1 unit of the 1-year zero-coupon bond as well as 0.022 units of the 0.5-year bond. Then sell 0.978 unit of the 1-year bond.

Then will he be able to have an arbitrage profit of $56.42

4.

The one-period ahead forward rates can be computed as follows:

Foward rate from 0 to 0.5 \(X_1\) = 2%

Foward rate from 0.5 to 1

\((1+X_2)^2 = (1+X_1) \times (1+ Foward \ rate \ from \ 0.5 \ to \ 1 )\)

\((1+0.0225)^2 = (1+0.02) \times (1+ Foward \ rate \ from \ 0.5 \ to \ 1 )\)

Foward rate from 0.5 to 1 = 2.5%

Foward rate from 1 to 1.5

\((1+X_3)^3 = (1+X_2)^2 \times (1+ Foward \ rate \ from \ 1 \ to \ 1.5 )\)

\((1+0.0251)^3 = (1+0.0225)^3 \times (1+ Foward \ rate \ from \ 1 \ to \ 1.5 )\)

Foward rate from 1 to 1.5 =3.021%

Foward rate from 1.5 to 2

\((1+X_4)^4 = (1+X_3)^3 \times (1+ Foward \ rate \ from \ 1.5 \ to \ 2 )\)

\((1+0.0277)^4 = (1+0.0251)^3 \times (1+ Foward \ rate \ from \ 1.5 \ to \ 2 )\)

Foward rate from 1.5 to 2 =3.021%

5.

The expected price of the bond if the hypothesis hold :

= \(\dfrac{40}{1+ 0.03021}+ \dfrac{1000+40}{(1+0.03285)^2}\)

\(= \dfrac{40}{(1.03021)}+ \dfrac{1040}{(1.03285)^2}}\)

= 1013.724254

= 1013.72

Answer: 6.23%

Explanation:

The expected return is a weighted average of the expected returns given the different economic conditions.

Probability of recession economy = 1 - 55% - 20 % = 25%

Expected return ;

= (14.8% * 25%) + (6.3% * 55%) + (-4.7% * 20%)

= 0.037 + ‭0.03465‬ ‭-0.0094‬

= ‭0.06225‬

= 6.23%

Answer:

dont knowntype in eng

bye

Answer: true

Explanation:

A taxpayer will need to file Schedule A, Itemized deductions to deduct medical and dental expenses, taxes, interests, gifts to charity, casualty and theft losses, job expenses and certain miscellaneous expenses.

Itemized deductions include amounts that we have paid for state and local income or sales taxes, real estate taxes, personal property taxes, mortgage interest and disaster losses. It can also include gifts to charity and part of the amount we paid for medical and dental expenses.

By itemizing on Schedule A we can benefit if we can't use the standard deduction or the amount we can claim is limited, we had large unreimbursed medical expenses and made contributions to qualified charities etc.

It is better to take the itemized deduction if it is greater than the standard deduction.

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Answer:

"Brand Revenues minus Rebates minus Cost of Goods Sold" is the computation for Gross Profit.

Explanation:

Brand Revenues minus Rebates minus Cost of Goods Sold is the computation for Gross Profit.

Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement and can be calculated by subtracting the cost of goods sold from revenue.

These figures can be found on a company's income statement. Gross profit may also be referred to as sales profit or gross income. Gross profit assesses a company's efficiency at using its labor and supplies in producing goods or services. Gross profit, which only reflects the cost of goods sold, is different than net profit which factors in all company-wide expenses.

A derivative of gross profit is gross margin, a margin that indicates what percent of revenue a company earns can be applied towards company operating costs.

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a. Malcolm's gross profit margin is 25%.

b. Malcolm's rate of stock turnover is 5 times.

To calculate Malcolm's gross profit margin and rate of stock turnover:

(i) Gross Profit Margin:

Gross Profit = Sales - Cost of Sales

Gross Profit = £30,000 - £22,500 = £7,500

Gross Profit Margin = (Gross Profit / Sales) * 100

Gross Profit Margin = (£7,500 / £30,000) * 100 = 25%

Malcolm's gross profit margin is 25%.

(ii) Rate of Stock Turnover:

Stock Turnover = Cost of Sales / Average Stock

Average Stock = (Opening Stock + Closing Stock) / 2

Average Stock = (£3,100 + £5,900) / 2 = £4,500

Stock Turnover = £22,500 / £4,500 = 5 times

Malcolm's rate of stock turnover is 5 times.

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Answer:

the correct answer is "a supervisor body" have a great day. also can I get brainliest?

The government is supposed to look out for the consumer when a new product or service is introduced to the market. This role of government is that of a supervisory body. Option (c) is correct.

Supervisory body a designated or authorized group charged with administering the organization's regular business operations, special projects, or other duties.

Government oversight, or control, takes the form of decisions made by the administration, the legislative, and even the court. Government oversight has an impact on a company through its facilities and oversight of an organization's management, accounting, and entrepreneurial operations.

The four roles of management, development, mediation, and support are all included in supervision.

Therefore, Option (c) is correct.

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Before sending an email, you must include the subject line of the email addresses of one or more recipients in the address box and mention the topic of the mail in the box.

Email, often known as electronic mail, is the process by which one user sends one or more recipients computer-stored communications through the internet. Emails are a convenient, quick, and affordable means of communication for both personal and professional purposes. If a user has an internet connection, which is normally provided by an internet service provider, they can send emails from any location.

Email can be sent and received between many computer networks, most notably the internet, but it can also be sent and received through both public and private networks, such as a local area network. Both lists of persons and single recipients can receive emails. Using an email reflector, one can control a common distribution list. In order to subscribe to some mailing lists, users must submit a request to the mailing list administrator.

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A variety of stocks, bonds, and bank accounts.

What Is Diversification?

A portfolio's investments are mixed together in a broad variety as part of the risk management approach known as diversification. To reduce exposure to any one asset or risk, a diversified portfolio combines a variety of different asset classes and investment vehicles.

This strategy is justified by the idea that a portfolio made up of many asset classes would, on average, produce superior long-term returns and reduce the risk of any one holding or security.

In order for the beneficial performance of certain assets to offset the bad performance of others, diversification aims to smooth out unsystematic risk occurrences in a portfolio. The benefits of diversity only apply if the assets in the portfolio are not fully linked; in other words, if they react to market factors differently, frequently in opposite directions.

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Option D. buying a new house in a new city is the situation would most benefit from creating performance-based goals. So option d is the correct option.

Employees are expected to meet performance goals, which are short-term objectives. Employees can better comprehend the type of work expected of them or of their roles when goals are clearly defined. Additionally, it aids companies in properly assessing workers and directing them.

Performance-based learning is a method of teaching and learning that places an emphasis on students' ability to carry out or accomplish particular tasks as a result of training. In this paradigm, students show that they can apply or use knowledge rather of just memorizing it.

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