You need to make 9
servings of roast beef gravy.
Each serving takes 1 quart
of brown stock.
How many quarts of brown
stock do you have to make?
Answer:​

Answers

Answer 1

Answer:

9/4 = 2 1/4 = 2.25

Explanation:

1 serving = 1/4 brown stock

9 servings = x brown stock

Do cross mutliplication and divide:

(9 x 1/4) ÷1

9/4 = 2 1/4 = 2.25


Related Questions

tock is trading at $100 and you buy a put option on it with one year to expiration and a strike price of $110. The put premium is $15. What is the maximum profit you can make on this put option if you wait until expiration

Answers

Answer:

The answer is -$5

Explanation:

A put option gives its owner/holder the right but not the obligation to sell. The holder of a put option is expecting the price of the underlying asset(stock) to drop.

The formula is:

Profit = max(0, X - St) - P

where X is the strike or exercise price

St is the market value or the spot price of the underlying asset

P is the premium

max(0, $110 - $100) - $15

10 - $15

-$5

Microsoft and a smaller rival often have to select from one of two competing technologies, A and B. The rival always prefers to select the same technology as Microsoft (because compatibility is important), while Microsoft always wants to select a different technology from its rival. If the two companies select different technologies, Microsoft's payoff is 4 units of utility, while the small rival suffers a loss of utility of 2. If the two companies select the same technology, Microsoft suffers a loss of utility of 2 while the rival gains 2 units of utility. Using the given information, fill in the payoffs for each cell in the matrix, assuming that each company chooses its technology simultaneously. Microsoft Technology A Technology B Rival Technology A Rival: , Microsoft Rival: , Microsoft Technology B Rival: , Microsoft Rival: , Microsoft True or False: There is an equilibrium for this game in pure strategies. True False

Answers

Answer:

True

Explanation:

Microsoft matrix along with his rivals. There are two ways to use the technology. Microsoft and its rival can move simultaneously. The equilibrium strategy can be determined y pay off matrix. The both companies use pure strategy. The criteria for pure strategy is max-min and min-max. The max-min strategy means select least case from all the best cases and min-max is selecting the best case from all the least cases.

HK Goods Inc. is a large conglomerate that operates only in its home country. The company competes in industries like the consumer electronics, health care, hotel, airlines, education, and steel industries. Which of the following diversification strategies does this best illustrate?
A. Process diversification
B. Product diversification
C. Geographic diversification
D. Market diversification

Answers

Answer:

B. Product diversification

Explanation:

Based on this information it seems that HK Goods Inc. is following the diversification strategy known as product diversification. This strategy revolves around selling the same or different variations of a product but in various different markets. Which is what HK Goods Inc. is doing by competing in a large variety of markets such as consumer electronics, health care, hotel, airlines, education, and steel industries, but still selling the same base product in only one geographical location.

"Bic, which is widely known for producing ballpoint pens and related writing products, tried to introduce Bic disposable underwear. The reason this new product failed is likely because of"

Answers

Answer: a. ineffective branding.

Explanation:

People were already used to seeing Bic as a pen brand to the extent that in some countries Bic is a generic name for all pens . When they introduced the underwear, people could probably see no need to buying an underwear with the Bic brand because they knew it as a pen brand. They therefore could not generate a strong brand association with the new product.

It is the same logic as when an actor has been on a Sitcom for so long that when they take on other roles, the public judges them a bit too harshly for it because they are not used to them in other roles.

g on january 1 playa company acquires 90 percent ownership in seaside corporation for 180,000 the fair value of noncontrolling interest what will be the amount of consolidated net assets that would be reported

Answers

The question is incomplete, the complete question is:

On January 1, Playa Company acquires 90 percent ownership in Seaside Corporation for $180,000. The fair value of the noncontrolling interest at that time is determined to be $20,000. Seaside reports net assets with a book value of $200,000 and fair value of $200,000. Playa Company reports net assets with a book value of $480,000 and a fair value of $525,000 at that time, excluding its investment in Seaside. What will be the amount of consolidated net assets that would be reported immediately after the combination?

Answer:

$680,000

Explanation:

Since Playa Company owns 90% of Seaside Corporation, it is considered Seaside's parent company and it must include all of Seaside's assets when it presents its consolidated balance sheet.

Total net assets reported = $480,000 (Playa's net assets at book value) + $200,000 (Seaside's net assets) = $680,000

Home equity line interest. Sean and Amy Anderson have a home with an appraised value of $180,000 and a mortgage balance of only $90,000. Given that an S&L is willing to lend money at a loan-to-value ratio of 75 percent, how big a home equity credit line can Sean and Amy obtain? How much, if any, of this line would qualify as tax-deductible interest if their house originally cost $100,000?

Answers

Answer:

$135,000

$75,000

Explanation:

Home value = $180,000

Loan to Value ratio = 75%

Formula: Maximum loan amount = Home value x loan to value ratio

Maximum loan amount = $180,000 x 75%

Maximum loan amount = $135,000

If the value of house is $100,000 then,

$100,000 x 75% = $75,000

$75,000 would qualify as Tax deductible interest

n applying the lower of cost or market rule, the inventory of rehab equipment would be valued at: A) $315. B) $247. C) $150. D) $235.

Answers

Answer:

D) $235.

Explanation:

As we know that the inventory should be valued at cost or market value whichever is lower

In the given case

Selling price = $340

Net realizable value is

= Selling price - cost of sell

= $340 - $25

= $315

Replacement cost is $235

Cost = $250

As we can see that the replacement cost is less than the cost so the replacement cost should be valued i.e $235

A job cost sheet of Fugate Company is given below.

Job Cost Sheet

Date Direct Materials Direct Labor Manufacturing Overhead
5/10 1,330
12 1,120
15 550 825
22 480 720
24 1,000
27 1,870
31 670 1,005

Cost of completed job:

Direct materials.
Direct labor.
Manufacturing Overhead.
Total cost.
Unit cost.

Requried:
a. What is the predetemined manufacturing overhead rate?
b. What are the total cost and the unit cost of the completed job?
c. Prepare the entry to record the completion of the job.

Answers

Answer:

A.Direct material 5,320

Direct labour 1,700

Manufacturing overhead 2,550

B. Total cost 9,570

Unit cost 6.38

C. Dr Finished goods inventory account 9,570

Cr Work in Process inventory account 9,570

Explanation:

A. Calculation for the predetemined manufacturing overhead rate

Date Direct material Direct Labour Manufacturing Overhead

5/10 1,330

12 1,120

15 550 825 825

22 480 720 720

24 1,000

27 1,870

31 670 1,005

Total 5,320 1,700 2,550

B. Calculation for the total cost and the unit cost of the completed job

Cost of Completed job :

Direct material 5,320

Direct Labour 1,700

Manufacturing Overhead 2,550

Total Cost 9,570

Unit Cost = Total Cost / Number of units

Unit cost = 9,570/1,500

Unit cost = 6.38

C.Therefore when a job is fully completed, thebFinished goods inventory account will be

debited with the correspondent credit of Work in progress account.

Journal entry

May.31

Dr Finished goods inventory account 9,570

Cr Work in Process inventory account 9,570

Brandon is responsible for organizing his company’s financial data. This includes a large number of data categories, some relating to personal employee information, some relating to purchasing or sales records, and others relating to salary and wage considerations. Of course some of the data needs to be included in more than one category. What type of tool is he most likely to use in order to organize all the data?

A. Relational database

B. Spreadsheet

C. Desktop publishing software

D. Analytics software

Answers

Answer:

The answer is Relational Database

Explanation:

Which of the following statements best describes how a change in a firm’s stock price would affect a stock’s capital gains yield? The capital gains yield on a stock that the investor already owns has a direct relationship with the firm’s expected future stock price. The capital gains yield on a stock that the investor already owns has an inverse relationship with the firm’s expected future stock price.

Answers

Answer: The capital gains yield on a stock that the investor already owns has a direct relationship with the firm’s expected future stock price.

Explanation:

The Capital Gains on a security refers to the increase in the price of the security from the cost that it was bought at. The Yield can therefore be calculated by dividing the difference between the Security Price now and the Security Price at cost by the Security Price at Cost.

If the price is higher than the cost, that is a Capital Gain. The reverse is a loss.

Therefore, a Company's future stock price is directly related to the Capital Gains Yield of an investor who is already holding the stock. If the future price increases, the Capital Gains Yield on that stock will go up. The reverse is true.

You put up $50 at the beginning of the year for an investment. The value of the investment grows 4% and you earn a dividend of $3.50. Your HPR was ____. A. 4% B. 3.5% C. 7% D. 11%

Answers

Answer: 11%

Explanation:

From the question, we are informed that an individual put up $50 at the beginning of the year for an investment and that the value of the investment grows 4% and the person earn a dividend of $3.50.

The HPR will be calculated as :

= 4% + (3.50/50)

= 4% + 0.07

= 0.04 + 0.07

= 0.11

= 11%

YellowCard Company manufactures accessories for iPods. It had the following selected transactions during 2017. (Note: For any part of this problem requiring an interest or discount rate, use 10%.)
1. YellowCard provides a 2-year warranty on its docking stations, which it began selling in 2017. During 2017, YellowCard spent $6,000 servicing warranty claims. At year-end, YellowCard estimates that an additional $45,000 will be spent in the future to service warranties related to 2017 sales.
2. YellowCard has a $200,000 loan outstanding from First Trust Corp. The loan is set to mature on February 28, 2018. For several years, First Trust has agreed to extend the loan, as long as YellowCard makes all its quarterly interest payments (interest is due on the last days of each February, May, August, and November) and maintains an acid-test ratio (also called "quick ratio") of at least 1.25. First Trust has provided YellowCard a "commitment letter" indicating that First Trust will extend the loan another 12 months, providing YellowCard makes the interest payment due on March 31.
3. During 2016, YellowCard constructed a small manufacturing facility specifically to manufacture one particular accessory. YellowCard paid the construction contractor $5,000,000 cash (which was the total contract price) and placed the facility into service on January 1, 2017. Because of technological change, YellowCard anticipates that the manufacturing facility will be useful for no more than 10 years. The local government where the facility is located required that, at the end of the 10-year period, YellowCard remediate the facility so that it can be used as a community center. YellowCard estimates the cost of remediation to be $500,000.
Prepare all 2017 journal entries relating to YellowCard’s warranties.
Prepare all 2017 journal entries relating to YellowCard’s loan from First Trust Corp
Prepare all 2017 journal entries relating to the new manufacturing facility YellowCard opened on January 1, 2017

Answers

Answer:

warrant expense 51,000 debit

          cash                       6,000 credit

          warranty liability 45,000 credit

--to record warrant-related accounts--

interest payable 16,667 debit

interest expense  3,333 debit

          cash                  20,000 credit

--to record interest expense for the loan and installment--

Manufacturing Facilities 5,192,772  debit

              Cash                    5,000,000 credit

              Restoration Liability 192,772 credit

-- to record the payment to contractor--

Explanation:

Warranty: the additional expected expense are considered warranty laibility

Loan: we previously recorded accrued interest from March 1st to Dec 31th

That is: 200,000 x 10% x 10/12 months = 16,667 payable

At February 28th we recognize the last two month of interest

200,000 x 10% x 2/12 months = 3,333 expense

in total we have 16,667 + 3,333 = 20,000 cash outlay

Facility: the asset should add to all the cost necessary to acquire it:

As the conversion into community center is mandatory it is part of the cost:

present value of the 500,000 in ten years:

[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]  

Maturity  $500,000.00

time  10.00

rate  0.10000

[tex]\frac{500000}{(1 + 0.1)^{10} } = PV[/tex]  

PV   192,771.6447

Total cost:

5,000,000 cashg + 192,772 liability = 5,192,772

On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $44,000 and $1,300, respectively. During 2022, Coolwear wrote off $775 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $4,100 at December 31, 2022. Bad debt expense for 2022 would be:

Answers

Answer: $3,575

Explanation:

Opening balance for Allowance for Noncollectable Accounts for 2022 is closing balance for 2021 = $1,300.

Cool wear wrote off $775 during the year which would come out of the allowance;

= 1,300 - 775

= $525

An allowance of $4,100 was determined for the year which means that the Bad debt expense is the difference between the determined allowance and the current balance because this is the amount that the account had to be increased by to cater for the bad debt expense.

= 4,100 - 525

= $3,575

In 1985, a given Japanese imported automobile sold for 1,476,000 yen, or $8,200. If the car still sold for the same amount of yen today but the current exchange rate is 144 yen per dollar, what would the car be selling for today in U.S. dollars?

Answers

Answer:

The car will be selling for $10250 today

Explanation:

To calculate the selling price of the car in dollars today, we have to convert the value of 1476000 yen into dollars based on the exchange rate between dollars and yen today. It is known that the car will be sold for the same amount of yen today for which it was sold in 1985 and this amount is 1476000 yen.

We know that 1 dollar equals 144 yen.

Thus, let x be the number of dollars that equal 1476000 yen today.

x = 1476000 / 144

x = $10250

The car will be sold for $10250 today

Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $2700 and received 7500 pieces of candy that are allocated among three groups. Group 1 consists of 2230 pieces that are expected to sell for $0.15 each. Group 2 consists of 4960 pieces that are expected to sell for $0.31 each. Group 3 consists of 310 pieces that are expected to sell for $0.67 each. Using the relative sales value method, what is the cost per item in Group 1

Answers

Answer:

group       units     selling price           total

1                2,230      $0.15                  $334.50

2               4,960      $0.31                $1,537.60

3                   310      $0.67                 $207.70

total                                                 $2,079.80

Something is not right with the question, since the company paid too much money for the candy that they purchased. In order to allocate costs, we divide the cost by the selling price = $2,700 / $2,079.80 = $1.2982

the unit cost for each candy is:

Group           sales price per unit    adjusting cost factor    cost per unit

1                            $0.15                           $1.2982                     $0.195

2                           $0.31                           $1.2982                     $0.402

3                           $0.67                           $1.2982                    $0.87

the pure expectations theory holds, which of the following statements is CORRECT? a. The maturity risk premium would be zero. b. The yield curve for Treasury securities would be flat, but the yield curve for corporate securities might be downward sloping. c. If 2-year bonds yield more than 1-year bonds, an investor with a 2-year time horizon would almost certainly end up with more money if he or she bought 2-year bonds. d. The yield curve for both Treasury and corporate bonds should be flat. e. The yield curve for Treasury securities cannot be downward sloping.

Answers

Answer: The Maturity Risk Premium would be zero.

Explanation:

The Pure Expectations Theory believes that forward rates are just a representation of what people expect Future rates to be.

For this reason therefore, it believed that the Maturity Premium is Zero amongst Long Term Treasury Securities and that the difference in interest rates attached to Treasury bonds of different maturities is simply a result of what people perceive future interest rates to look like but as for Maturity Premiums, it doesn't exist in long term Treasury Securities.

The cost of raising capital through retained earnings is__________ the cost of raising capital through issuing new common stock.

Answers

Answer:

less

Explanation:

flotation costs are the cost incurred when issuing new common stock.

there are no flotation cost when using retained earnings to raise new capital.

On January 2, 20X5, Park Co. purchased 10 percent of Sky, Inc.'s outstanding common shares for $400,000. Park is the largest single shareholder in Sky, and Park's officers are a majority on Sky's board of directors. As a result, Park is able to exercise significant influence over Sky. Sky reported net income of $500,000 for 20X5, and paid dividends of $150,000. In its December 31, 20X5, balance sheet, what amount should Park report as investment in Sky?

Answers

Answer:

The answer is $435,000

Explanation:

Initial Investment-----------------$400,000

Park Co's share of Sky's net income(10% x $500,000) --- $50,000

Park Co's share of Sky's dividend (10% x $150,000) ---------------------- ($15,000)

Reported Investment--------- $435,000

Therefore, Park's balance sheet

will report $435,000 as the investment in Sky's in the year ended December 31, 20X5.

The agent of a broker-dealer registered in State A, sells unregistered non-exempt securities to customers in State A. These customers lose a substantial sum of money on the investment. Which statement is TRUE

Answers

Answer:

The clients may initiate a civil lawsuit to recover their losses

Explanation:

It is assumed that the agent sold the securities with an intention to defraud. Under the Uniform Securities Act, the client may initiate a civil lawsuit so as to recover losses. Clients would sue based on the fact that the securities were unregistered and non-exempt while attempting to get back what they have lost in finance, attorney fees, and interest inclusive. These 3 damages are only applicable to insider trading.

Which of the following products is most likely to be produced in a process operations system?
A. Airplanes
B. Cereal Bridges
C. Designer bridal gowns
D. Custom cabinets

Answers

Answer:

Cereal

Explanation:

Process operations system which is also known as either process manufacturing or process production can be defined as the way of producing a product in mass, by making use of mass production method and this product are often produce in a continuous flow.

Therefore CEREAL is the products that is most likely to be produced in a process operations system because the production of Cereal is mostly carried out or produce in a process operations system.

a. Prepare a cost of goods manufactured statement for January.
b. Determine the cost of goods sold for January.

Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows:

Inventories January 1 January 31
Materials $314,000 $276,800
Work in process 216,000 239,800
Finished goods 163,200 189,000


January 31
Direct labor $567,000
Materials purchased during the month 606,600
Factory overhead incurred during the month:
Indirect labor 60,520
Machinery depreciation 32,000
Heat, light, and power 12,200
Supplies 8,220
Property taxes 8,880
Miscellaneous costs 16,460

Answers

Answer:

a.Cost OF Goods  Manufactured $ 1324,680

b.Cost OF Goods Sold  1298,880

Explanation:

Sandusky Manufacturing Company

Cost of Goods Manufactured Statement

For the Month Ended January 31

Materials Inventories Beginning $314,000

Add Materials purchased during the month 606,600

Less Materials  Inventories January 31 Ending $276,800

Total Materials Used $ 643,800

Direct labor $567,000

Factory overhead incurred during the month: $ 138280

Indirect labor 60,520

Machinery depreciation 32,000

Heat, light, and power 12,200

Supplies 8,220

Property taxes 8,880

Miscellaneous costs 16,460

Total Manufacturing Costs  1349,080

Add Work in process Beginning 216,000

Cost OF Goods Available For Manufacture $ 1565,080

Less Work in process Ending 239,800

Cost OF Goods  Manufactured $ 1325,280

The Cost OF Goods Manufactured Statement is obtained by the  following formula

Cost OF Goods Manufactured = Materials used+ direct labor+ FOH + WIP Beginning - WIP Ending.

Sandusky Manufacturing Company

Cost of Goods Sold Statement

For the Month Ended January 31

Cost OF Goods  Manufactured $ 1325,280

Add Finished goods Beginning 163,200

Cost OF Goods Available For Sale 1488,480

Less Finished goods  Ending 189,000

Cost OF Goods Sold  1299,480

The Cost OF Goods Sold Statement is obtained by the  following formula

Cost OF Goods Sold =  Cost OF Goods Manufactured+ FG Beginning - FG Ending.

Job-Order Costing and Decision Making [LO2-1, LO2-2, LO2-3]
Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates:
Machine-hours required to support estimated production 225,000
Fixed manufacturing overhead cost $ 4,275,000
Variable manufacturing overhead cost per machine-hour $ 2.00
Required:
1. Compute the plantwide predetermined overhead rate.
2. During the year, Job P90 was started, completed, and sold to the customer for $3,700. The following information was available with respect to this job:
Direct materials 1,702
Direct labor cost $ 1,221
Machine-hours used 84
Compute the total manufacturing cost assigned to Job P90.

Answers

Answer:

a. $21 per machine hours

b. $4,855          

Explanation:

a. The computation of the plantwide predetermined overhead rate is shown below:

Plantwide predetermined overhead rate is

= Variable overhead cost rate per machine hour + Fixed overhead cost rate per machine hour

= $2 + (fixed manufacturing overhead cost ÷ Estimated machine hours)

= $2 + ($4,275,000 ÷  225,000 machine hours)

= $2 + $19

= $21 per machine hour

b. Now the total manufacturing cost assigned is

Particulars                                      Amount

Direct material                               $1,702        

Direct labor                                $1,221

Variable manufacturing overhead $168

(84 × $2)

Total variable cost                        $3,091

Add:

Fixed manufacturing overhead

(84 × $21)                                $1,764

Total manufacturing cost assigned

to Job P90                                    $4,855          

You can determine a company’s cash situation by analyzing the cash flow statement. The cash flow statement also helps determine whether the company (1) is generating enough cash from its operations to make new investments and pay dividends or (2) will need to generate cash by issuing new debt or selling its assets.

Which of the following is true for the statement of cash flows?

a. It reflects cash generated and used during the reporting period.
b. It reflects revenues when earned.

Answers

Answer: a. It reflects cash generated and used during the reporting period

Explanation:

The Cash flow statement is very important and is useful to various stakeholders in a company with the most important being the Company Management itself and Creditors.

Management are able to use the Cash flow statement to see how much actual cash was spent in the year as well as how much was used. This is important because the Income statement contains entries that might show revenue that have not being received or expenses such as depreciation that did not impact the actual cash the company has. The Cash flow statement fixes this by showing those actual figures thus enabling the company to plan better.

It is also useful to Creditors so that they see if a company is able to pay them for the period.

You have been appointed to lead an existing group. Your boss, who informed you of the assignment, made these comments: "These people have some real issues. They have been a problem for years. They stick together like family but never seem to get much work done." Which of these would best describe this group?

Answers

Answer:

This is a group that can be defined by its high cohesiviness and low performance norms.

Explanation:

In this case, the new leader must focus on solving this problem that already exists where team members have high cohesion, but who have a low performance with regard to compliance with internal rules and procedures.

The ideal in this case would be for the leader to review the set of company policies and standards and seek to establish new rules and procedures for living and working together.

Having a cohesive team is not a weakness for an organization, the ideal is to know how to exploit the potential of each member of that team, so that each one delivers to the company an effective job that contributes to the achievement of the objectives and organizational goals.

The manager can also invest in training, redesigning the layout of work and tasks, setting deadlines for completing activities, delivering warnings to ward off inappropriate behavior during working hours, etc.

A customer purchases $100,000 of corporate bonds at 80% in a margin account. The customer must deposit:

Answers

Answer:

$16,000

Explanation:

Computation of what the customer must deposit for purchasing $100,000 of corporate bonds at 80% in a margin account

Since the minimum maintenance is the standard that is set by FINRA is the greater of 7% of the face amount or 20% of the market value.

Hence,

The bonds are purchased at 80% of $100,000 par, thus the first step is to find the 80% of $100,000. Calculated as :

80%×$100,000= $80,000

Second step is to find the 20% of $80,000 which is calculated as:

20% ×$80,000 = $16,000.

Third step is to find the 7% of $100,000, calculated as:

7% of $100,000 face = $7,000.

Based on the above calculation the greater amount is $16,000 which means that the customer must deposit the amount of $16,000 which is the greater amount.

A lumber mill is capable of producing 10,000 board feet of lumber per day when run ten hours per day with minimal breaks. Over the past year, forestry legislation has reduced the availability of raw materials, so the mill has produced an average of 4,575 board feet per day. What is the utilization of the plant

Answers

Answer:

45.75%

Explanation:

When asking for the utilization of the plant, the question is basically referring to how much of its full potential is the plant currently operating at. Therefore this can be calculated by dividing its current output (4,575) by its maximum output (10,000) like so...

4,575 / 10,000 = 0.4575

Now we multiply that by 100 in order to get the percentage.

0.4575 * 100 = 45.75%

Therefore the current utilization of the plant is 45.75%

The weather report says that a devastating and unexpected freeze is expected to hit Florida tonight during the peak of the citrus harvest. In an efficient market, one would expect the price of Florida Orange's stock to Group of answer choices increase immediately. drop immediately. gradually increase for the next several weeks. unable to determine. gradually decline for the next several weeks.

Answers

Answer:

A. drop immediately.

Explanation:

In an efficient market, assets within it are expected to accurately represent all of the knowledge that affects that asset. The market is very sensitive to and changes accordingly to new knowledge.

When the weather forecast states that it is expected that a catastrophic and unpredictable freeze will strike Florida tonight during the height of the citrus harvest, the price of Orange 's stock will instantly drop.

A later good news could trigger an increase in stock prices.

On September 12, Vander Company sold merchandise in the amount of $6,200 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,200. Jepson uses the periodic inventory system and the gross method of accounting for purchases. Jepson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Jepson makes on September 18 is:

Answers

Answer:

Accounts Payable        $ 6200 Dr

Purchases Discounts                                     $  124 Cr

Cash                                                               $  6076 Cr

Explanation:

Periodic inventory system is one in which the entries are passed periodically after a specific length of time.

In the Books of Jepson

Periodic Inventory

Gross Method

Journal Entry

Particulars                          Debit                        Credit

Accounts Payable        $ 6200 Dr

Purchases Discounts                                     $  124 Cr

Cash                                                               $  6076 Cr

Discount within the first ten days will be of 2%

$ 6200 *2%= $124

Remaining amount 6200-124 = 6076 will be paid in cash.

Which of the following expands a company's market, allows firms to grow, and makes them less dependent on their country's economy for success?
a. WTO
b. GATT
c. global marketing
d. legal environment

Answers

Answer:

global marketing

Explanation:

Global marketing is defined is marketing a country or company's product not only locally but also internationally.

it is the process of producing, placing, and marketing a business' or nations goods or services worldwide.

If workers leave a country to seek out better opportunities in another country, then this will move the original economy up along a stationary short-run aggregate supply curve. move the original economy down along a stationary short-run aggregate supply curve. shift the short-run aggregate supply curve of the original country to the left. shift the short-run aggregate supply curve of the original country to the right.

Answers

Answer: Shift the short-run aggregate supply curve of the original country to the left.

Explanation:

Workers are an input in the production of goods and services. If workers in an economy reduce in number, this would mean that there would be less workers able to produce goods and services in the country. This will invariably lead to a decrease in the amount of goods and services supplied and when there is a decrease in supply, the Short-Run Aggregate Supply curve will shift to the left to reflect this.

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