Pass journal entries using the perpetual system of inventory-

Purchased 1000 units of shoes from Indiana International at $300 each on account

Sold 200 units to Ceridian Corporation at $500 each on account

Sold 500 units to Semed Inc. at 550 each on cash

Paid cash in full to Indiana International

Purchased 800 units of shoes from CITS at $450 each on cash

Sold 100 units to Deeman Corp at $600 each on cash

Answers

Answer 1

The passage of journal entries to record the transactions, using the perpetual system of inventory with the First-in, First-out (FIFO) method, is as follows:

Journal Entries:

Account Titles                                 Debit        Credit

Inventory                                     $300,000

Accounts Payable (Indiana International) $300,000

To record the purchase of 1000 units of shoes at $300 each.

Accounts Receivable

(Ceridian Corporation)            $100,000

Sales Revenue                                           $100,000

To record the sale of 200 units at $500 each on account.

Cost of goods sold                   $60,000

Inventory                                                    $60,000

To record the cost of 200 units sold.

Cash                                       $275,000

Sales Revenue                                        $275,000

To record the sale of 500 units at $550 each.

Cost of goods sold               $150,000

Inventory                                                 $150,000

To record the cost of 500 units sold.

Accounts Payable

(Indiana International)       $300,000

Cash                                                       $300,000

To record the cash payment on account.

Inventory                            $360,000

Cash                                                      $360,000

To record the purchase of 800 units at $450 each.

Cash                                     $60,000

Sales Revenue                                     $60,000

To record the sale of 100 units at $600 each.

Cost of goods sold            $30,000

Inventory                                              $30,000

To record the cost of 100 units sold.

Transaction Analysis:

Inventory $300,000 Accounts Payable (Indiana International) $300,000

Accounts Receivable (Ceridian Corporation) $100,000 Sales Revenue $100,000

Cost of goods sold $60,000 Inventory $60,000

Cash $275,000 Sales Revenue $275,000

Cost of goods sold $150,000 Inventory $150,000

Accounts Payable (Indiana International) $300,000 Cash $300,000

Inventory $360,000 Cash $360,000

Cash $60,000 Sales Revenue $60,000

Cost of goods sold $30,000 Inventory $30,000

Thus, with the perpetual system using FIFO, inventory movements are recorded in the Inventory account as they occur and not at the period's end.

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Related Questions

Sara volunteered to get hot dogs for her softball team. Of the 16 players on the team, 12 wanted ketchup, 7 wanted mustard, and 4 wanted both. How many players wanted: H. only ketchup? O. only mustard? W. neither ketchup nor mustard?​

Answers

Answer:

H) 8, O) 3, W) 1

------------------------------

GivenTotal players = 16,Wanted ketchup = 12,Wanted mustard = 7,Wanted ketchup and mustard = 4.

Find the numbers of players who ...Wanted only ketchup = 12 - 4 = 8,Wanted only mustard = 7 - 4 = 3,Wanted neither ketchup nor mustard = 16 - (8 + 4 + 3) = 1

This season, the probability that the Yankees will win a game is 0.45 and the probability that the Yankees will score 5 or more runs in a game is 0.6. The probability that the Yankees win and score 5 or more runs is 0.34. What is the probability that the Yankees will win when they score fewer than 5 runs? Round your answer to the nearest thousandth.

Answers

The probability that the Yankees will win when they score fewer than 5 runs is; 0.567

How to solve conditional probability?

We are given;

Event A which is when Yankees win has a probability of; P(A) = -.45

Thus, Event that the Yankees don't win which is when they lose is;

P(A') = 1 - 0.45 = 0.55

Event B which is the event that the Yankees score 5 or more runs has a probability of; P(B) = 0.6

Event that the Yankees score 4 or less run is given by the probability;

P(B') = 1 - 0.6 = 0.4

The probability that the Yankees win and score 5 or more runs is;

P(A' ∩ B') = 0.34

Thus, the probability that the Yankees will win when they score fewer than 5 runs wanted is given by the chain rule in conditional probability of the formula;

P(A' | B') = P(A' ∩ B')/P(B') = 0.34/0.6

P(A' | B') = 0.567

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help fast plsss bout to turn it in

Answers

Answer:

Box A: -2x

Box B: 2/9

Step-by-step explanation:

Multiply 1/3 by each of the expressions above the rectangle.

Box A: 1/3 × (-6x) = -2x

Box B: 1/3 × 2/3 = 2/9

What is the probability of rolling a number less than or equal to 3 on a standard six-sided die

Answers

Answer:

P(les than/equal to 3): ½

Use your calculator to find the angle, to the nearest hundredth of a degree, whose tangent value is
O 0.35
O 18.43
O 0.32
O 71.57

Answers

Answer:18.43

Step-by-step explanation:

How many solutions does the equation a+b+c+d=15 have?

Answers

The equation a+b+c+d=15 has infinite many solutions

How to determine the number of solutions?

From the question, the equation is given as

a+b+c+d = 15

From the above representation of the equation, we can see that:

The equation is a linear equationAlso, the equation has 4 variables

When a linear equation that has more than one variable is given, the number of solutions cannot be quantified i.e. infinite number of solutions

Hence, the equation has infinite number of solutions

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Here's a brain teaser.
(I already know the answer)
1=5
2=10
3=15
4=20
5=?

Answers

Answer:

5 = 1

or

5 = 25

Step-by-step explanation:

I've seen two answers to this.

1. Since we are told 1 = 5, then 5 = 1.

One answer is 1 = 5

2. Since each number on the right is 5 times the number on the left, then 25 corresponds to 5, and 5 = 25.

Answer: 5=1 (The correct answer) 5=25 (The answer that makes sense but is not correct).

Step-by-step explanation:

Explanation for answer 1: It say's that 1 = 5.

Explanation for answer 2: If we follow the pattern of adding 5 each time we go up a number then 5 would equal 25.

What is 8370dividedby62

Answers

Answer: 8370 divided by 62 is 135

HALPPPPPPPPPPPPPPPP NED QUESTIEON ANSERWDDDDD 1 MILLION POINTS

Answers

The answer is the second option, B.

How many hour is 4:30 until 6:00

Answers

Answer: 1 hour and 30 minutes or 1.5 hours

Answer:

1 hour and 30 minutes

Step-by-step explanation:


Work out the perimeter of this quarter circle.
Take to be 3.142 and write down all the digits given by your calculator.
4 cm

Answers

Step-by-step explanation:

Where's the calculator

Is r = 4cm?
Then P = (2 x π x 4)/4 + 2 x 4 = 2 x 3.142 + 8 = 14.284 cm

The slide at the playground has a height of 9 feet. The base of the slide measured onthe ground is 12 feet. What is the length of the slide?
O 15 feet
O 45 feet
21 feet
36 feet

Answers

Step-by-step explanation:

this creates a right-angled triangle, with the length of the slide being the Hypotenuse (the side opposite of the 90° angle), and height and base are the legs.

so, we can use Pythagoras

c² = a² + b²

with c being the Hypotenuse, a and b being the legs.

length² = 9² + 12² = 81 + 144 = 225

length = sqrt(225) = 15 ft

Critical thinking questions:
Write a system of equations with the solution (4, -3).

Answers

Answer: (4,-3)

Step-by-step explanation:

4x+5y=1       (1)

3x-2y=18     (2)

Multiply both parts of equation (1) by 2 and both parts of equation (2) by 5:

8x+10y=2

15x-10y=90

Sum these equations:

23x=92

Divide both parts of the equation by 23:

x=4

Substitute the value of x=4 into equation (1):

4(4)+5y=1

16+5y=1

16+5y-16=1-16

5y=-15

Divide both parts of the equation by 5:

y=-3

Thus, (4,-3)

Evaluate 4x ÷ y if y = 2 and x = 4​

Answers

Answer:

18

Step-by-step explanation:

x = 4

4x

= 4 * 4

= 16

y = 2

4x + y

= 16 + 2

= 18

4. Which expression represents 7 more than the quotient of 12 and 4?
A. (12+4) + 7
B.7 x (12+4)
C.7+(12-4)
D. (7+12) + 4

Answers

Answer:

C

Step-by-step explanation:

Even though quotient means divide I instead used the minus symbol since they both mean something negative or taking away. Then, the 7 goes before everything adding onto what was left from the second part.

Salina and Nessa combined like terms using the same expression. Salina’s answer differs from Nessa’s. The table shows both of their solutions.

Salina
Nessa
6 x squared y minus 3 + x squared y + 2 x y squared + 2 x y minus 6 = 7 x squared y minus 9 + x squared y + 2 x y squared + 2 x y
6 x squared y minus 3 + x squared y + 2 x y squared + 2 x y minus 6 = 7 x squared y minus 9 + 2 x y squared + 2 x y

Which statement is correct regarding their solutions?
Salina combined the x squared y terms correctly but then left the Plus x squared y term in her answer.
Salina did not add the constant terms correctly.
Nessa combined the constants correctly but then left the Plus 2 x y squared term in her answer
Nessa did not combine the x squared y terms correctly.

Answers

The statement that is correct regarding their solutions is A. Salina combined the x squared y terms correctly but then left the Plus x squared y term in her answer.

How to illustrate the expression?

From the information, Salina and Nessa combined like terms using the same expression.

The expression given is illustrated as.

6x²y - 3 + x²y + 2xy² + 2xy - 6

It should be noted that the like terms are:

6x²y and x²y as well as -3 and -6.

Combine the like terms

6x²y + x²y = 7x²y

Also, -3 + (-6) = -9

Therefore, the value will be 7x²y + 2xy² + 2xy - 9

The correct option is A as it illustrated the mistake Salina made.

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Answer:

A is the answer

Step-by-step explanation:

Use polar coordinates to find the volume of the given solid: Inside the sphere x^2 + y^2 + z^2 = 16 and outside the cylinder x^2 + y^2 = 4.

Answers

Using polar coordinates, volume of the given solid is, 32√3π.

What is volume of solid?

An object's space requirement is expressed in terms of its volume. The amount of unit cubes required to completely fill the solid is how much it weighs. We have a total of 30 unit cubes in the solid, so the volume is as follows: 2 units 3 units 1 unit Equals 30 cubic units

We have to find the volume of the solid Inside the sphere x^2 + y^2 + z^2 = 16 and outside the cylinder x^2 + y^2 = 4 using polar coordinates.

So, the volume is

[tex]2\int\limits\int\limits_D {\sqrt{16-x^2-y^2} } \, dA[/tex]

[tex]2\int\limits^2^\pi _0 {\int\limits^4_2 {\sqrt{16-r^2} } rdrdtheta[/tex]

[tex]2\int\limits^2^\pi _0 {(-\frac{1}{3})(16-r^2)_2^4 } \, dtheta[/tex]

[tex]2\int\limits^2^\pi _0 {(-\frac{1}{3})(-2\sqrt{3}) } \, dtheta[/tex]

[tex]\int\limits^2^\pi _0 {16\sqrt{3} } \, dtheta[/tex]

[tex]32\sqrt{3}\pi[/tex]

Hence, the volume of the given solid using polar coordinates is, [tex]32\sqrt{3}\pi[/tex].

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Question 4
Simplify the expression: (7x + 2)²
A 49x² + 4
B 49x² + 28x + 4
C 49x² - 4
D 25x² + 9

Answers

Answer:

B

Step-by-step explanation:

(7x+2)(7x+2)

7x×7x=49

7x×2+2×7x=28x

2x2=4

The graph of a linear function passes through the points ; negative one; negative 1 over 4. and ; one, negative 3 over 4.. Y; X. Which equation represents the function? A Y equals negative one over 2 X. minus one over four. B Y equals 1 over 2 X. plus 1 over 4. C Y equals negative 1 over 4 X. minus 1 over 2. D Y equals 1 over 4 X. plus 1 over 2.

Answers

The linear equation that passes through the two given points is:

y = (-1/4)*x - 2/4

Which is the equation of the line?

A general linear equation is written as:

y = m*x + b

Where m is the slope and b is the y-intercept.

If the line passes through two points (x₁, y₁) and (x₂, y₂), then the slope of the line is:

m = (y₂ - y₁)/(x₂ - x₁)

Here we know that the line passes through (-1, -1/4) and (1, -3/4)

Then the slope is:

m = (-3/4 + 1/4)/(1 + 1)

m = (-2/4)/2 = -2/8 = -1/4

the line is:

y = (-1/4)*x + b

To find the value of v we can replace the point  (1, -3/4) so we get:

-3/4 = (-1/4)*1 + b

-3/4 + 1/4 = b

-2/4 = b

The linear equation is:

y = (-1/4)*x - 2/4

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Solve the equation for all values of x.
2x(x + 7)(x²+49) = 0

Answers

Answer:

Step-by-step explanation:

2x(x + 7)(x²+49) = 0

(apply the zero product)

x=0 or x+7 =0 or x² + 49 = 0

x+7 =0

x=-7

x² + 49 = 0

no real solution for this i think

Answer = x=0 or x=-7

Solve the system of equations by the substitution method.
x+y=8
y=-3x

Answers

Using the substitution method, the solution to the system of equations is: x = -4 and y = 12.

How to Solve a System of Equations by Substitution?

To solve a system of equations using the substitution method, find the value of one of the variables in one equation, then substitute it in the second equation and solve to find the value of the second variable.

Given the equations:

x + y = 8 --> eqn. 1

y = -3x --> eqn. 2

Substitute -3x for y into equation 1:

x + (-3x) = 8

x - 3x = 8

-2x = 8

-2x/-2 = 8/-2

x = -4

Substitute x = -4 into equation 2:

y = -3(-4)

y = 12

The solution is, x = -4 and y = 12.

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Replace the _ with the symbol that makes a true sentence 2/15_0.83

Answers

Answer:

See below

Step-by-step explanation:

2 /1 5 = .1333

so   2/15 < .83

Evaluate if xy + 2x if x = 7 and y = 5​

Answers

Answer:

49

Step-by-step explanation:

35+14=49

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Which triangle congruence postulate would be used to prove the following triangles congruent?
1. AAS
2. SSS
3. SAS
4. HL

Answers

Side-side-side postulate


HELP PLEASE!! Dominique is selling merchandise for a school fundraiser. She is selling calendars for $8 each and coffee mugs for $12 each. She must sell at least $800 of merchandise, including at least 60 calendars, to meet her goals.

If x represents the number of calendars and y represents the number of mugs, which system of inequalities represents this scenario?

8x + 12y ≥ 800 and x ≥ 60
8x + 12y ≥ 800 and y ≥ 60
8x + 12y > 800 and y > 60
8x + 12y > 800 and x > 60

Answers

The inequality that represents the given situation is option A 8x + 12y ≥ 800 and x ≥ 60.

Given,

The cost for one calendar = $8

The cost for one coffee mug = $12

Dominique must sell at least $800 of merchandise and it should include at least 60 coffee mugs.

Here,

x be the number of calendars and y be the number of coffee mugs;

We have to find an inequality which represents the given situation;

So,

The inequality be;

8x + 12y ≥ 800 and x ≥ 60

That is,

The inequality that represents the given situation is option A 8x + 12y ≥ 800 and x ≥ 60.

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There are 8 kites in the sky, and 5 of those kites are striped. What fraction of
the kites are striped?

A. 6/8
B.5/8
C.5/13
D.4/8

Answers

The answer is C. 5/8
8 kites total in the sky. 5 kites in the sky are striped.
Proportion is 5/8

This is the kinetic energy of a 64 kg object travelling at 12 m/s.

11.2kj
4.6kj
960j

Answers

Kinetic energy of a 64 kg object travelling at 12 m/s is 4.6kj.

Kinetic energy = KE = [tex]\frac{1}{2}mv^{2}[/tex]

Mass = m = 64 kg

Velocity = v = 12 m/s

KE = [tex]\frac{1}{2}*64*(12)^{2}[/tex]

    = 4608 J

1000 j = 1 kj

      1 j = 1/1000 kj

4608 j = 4608/1000 kj

          = 4.608 kj

Hence, kinetic energy is 4.6 kj.

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Dave's science class is competing to see who can build the tallest tower. Each group of students gets 10 newspapers and 2 yards of tape. Dave's group decides to roll up each of their newspapers. Then, they tape each roll with 4 inches of tape. How many inches of tape do they have left?

Answers

32 inches more of tape students need.

Given that,

Students in Dave's science class are trying to build the tallest structure. Ten newspapers and two yards of tape are given to each group of kids. The decision is made by Dave's group to roll up each newspaper. Then, they use 4 inches of tape to seal each roll.

We have to find how many more inches of tape are there.

We know that,

1 yard is 36 inches.

So,

2 yards is 2 times 36 is 72 inches.

The inches of the tape they need is 10 times 4 is 40.

So,

72-40 is 32 inches

Therefore, 32 inches more of tape students need.

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The velocity function of a car is given by v(t) = -3t2 + 18t + 9 m/s. Find the acceleration of the car three seconds before it comes to a stop.

A.
a = -6.46 m/s²
B.
a = -2.76 m/s²
C.
a = -0.46 m/s²
D.
a = 2.76 m/s²

Answer: In photo below

You're Welcome :)

Answers

The acceleration of the car three seconds before it comes to a stop is  -2.76 m/s² (Letter B).

Derivative

Derivative indicates the rate of change of a function with respect to a variable. Thus, when you derivate the position function, you find the velocity function. And, when you derivate the velocity function, you find the acceleration function.

In other words, the velocity function represents the first derivative of the position, meanwhile, the acceleration function represents the second derivative of the position.

For derivating an equation, you should apply the rule: [tex](\frac{d}{dx} ) (x^n ) = nx^{n-1}[/tex]. Example: x²= 2x

The car stops when the velocity is equal to zero. Thus, v(t) = -3t² + 18t + 9 =0. Therefore, you  should solve this quadratic function:

Δ=b²-4ac=[tex]18^2-4\left(-3\right)\cdot \:9=324+12*9=324+108=432[/tex]

[tex]t_{1,\:2}=\frac{-18\pm \sqrt{432}}{2\left(-3\right)}\\ \\ t_{1,\:2}=\frac{-18\pm \sqrt{432}}{-6}[/tex]

[tex]t_1=\frac{-18+12\sqrt{3}}{-6}=3-2\sqrt{3}[/tex]

[tex]t_2=\frac{-18-12\sqrt{3}}{-6}=3+2\sqrt{3}[/tex]

Like t is a positive number, you should use [tex]t_2[/tex]. Thus, the value of t that you should apply to find the acceleration of the car three seconds before it comes to a stop is [tex]2\sqrt{3}[/tex].

The acceleration can be found from the derivative of the velocity function. See below.

a(t)= -6t+18 , for t=[tex]2\sqrt{3}[/tex]

a(t)= -6*[tex]2\sqrt{3}[/tex]t+18

a(t)= [tex]-12\sqrt{3}[/tex]t+18

a(t)=-2.76

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1. Solve the equation (9-6p) =
-11 for p.

Answers

Answer:

p=p=10/3

Explanation:

9-6p =-11=p=10/3

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