Levine company uses the perpetual inventory system. apr. 8 sold merchandise for $8,400 (that had cost $6,000) and accepted the customer’s suntrust bank card. suntrust charges a 4% fee. 12 sold merchandise for $5,600 (that had cost $3,500) and accepted the customer’s continental card. continental charges a 2.5% fee. prepare journal entries to record the above credit card transactions of levine company.
Answers: 1
Business, 22.06.2019 10:20
The following information is for alex corp: product x: revenue $12.00 variable cost $4.50 product y: revenue $44.50 variable cost $9.50 total fixed costs $75,000 what is the breakeven point assuming the sales mix consists of two units of product x and one unit of product y?
Answers: 3
Business, 22.06.2019 17:10
Calculate riverside’s financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)
Answers: 3
Business, 22.06.2019 21:40
Which of the following is one of the main causes of inflation? a. wages drop so workers have to spend a higher percentage of income on necessities. b. demand drops and forces producers to charge more to meet their costs. c. rising unemployment cuts into national income. d. consumers demand goods faster than they can be supplied.
Answers: 3
Levine company uses the perpetual inventory system. apr. 8 sold merchandise for $8,400 (that had cos...
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