Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and
the gross method.
August 1 Purchased merchandise from Aron Company for $8,000 under credit terms of 1/10, n/30, FOB destination, invoice dated
August 1.
August 5 Sold merchandise to Baird Corporation for $5,600 under credit terms of 2/10, n/60, FOB destination, invoice dated August
5. The merchandise had cost $4,000.
August 8 Purchased merchandise from Waters Corporation for $7,000 under credit terms of 1/10, n/45, FOB shipping point, invoice
dated August 8.
August 9 Paid $190 cash for shipping charges related to the August 5 sale to Baird Corporation.
August 10 Baird returned merchandise from the August 5 sale that had cost Lowe's $500 and was sold for $1,000. The merchandise was
restored to inventory.
August 12 After negotiations with Waters Corporation concerning problems with the purchases on August 8, Lowe's received a price
reduction from Waters of $700 off the $7,000 of goods purchased. Lowe's debited accounts payable for $700.
August 14
At Aron's request, Lowe's paid $160 cash for freight charges on the August 1 purchase, reducing the amount owed (accounts
payable) to Aron.
August 15 Received balance due from Baird Corporation for the August 5 sale less the return on August 10.
August 18 Paid the amount due Waters Corporation for the August 8 purchase less the price allowance from August 12.
August 19
Sold merchandise to Tux Company for $4,800 under credit terms of n/10, FOB shipping point, invoice dated August 19. The
merchandise had cost $2,400.
August 22
Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Lowe's gave a
price reduction (allowance) of $800 to Tux and credited Tux's accounts receivable for that amount.
August 29 Received Tux's cash payment for the amount due from the August 19 sale less the price allowance from August 22.
August 30 Paid Aron Company the amount due from the August 1 purchase.

Answer:

  Income Tax.

Explanation:

  Income tax is levied on incomes, especially an annual government tax on personal incomes.

The effectiveness of this approach depends on several factors, including the nature of the task, Mark's skills and expertise, his workload and availability, and the context of your relationship with him.

Firstly, it's important to assess whether Mark has the necessary skills and expertise to assist you with the task. If he has been on the team for two months, he may not be fully familiar with all the aspects of the job, but he may have some unique skills or knowledge that can be helpful. In this case, you should clearly communicate the specific task and what you need from Mark, so that he can provide the appropriate assistance.

Secondly, it's important to consider Mark's workload and availability. If he is already overloaded with tasks, he may not be able to provide the necessary support, or he may not be able to meet your timeline. Therefore, it's important to communicate with him in advance and understand his workload and availability before requesting his assistance. Finally, the context of your relationship with Mark is also important. If you have a good working relationship and have previously worked well together, he may be more willing to help you. On the other hand, if you have not worked together before or have had a negative interaction, he may be less willing to provide support. In summary, requesting Mark's assistance can be an effective strategy, provided that you consider the nature of the task, Mark's skills and availability, and the context of your relationship with him. Clear communication and collaboration are key to making this approach successful.

learn more about effectiveness here:

https://brainly.com/question/21410685

#SPJ1

The capital using the following information Assets = 27000 Kuh is 18000 cash.

We can apply the accounting formula Assets = Liabilities + Capital to calculate the capital based on the available data. We can find the capital by rearranging the equation and deducting liabilities from assets.

A company's assets are any possessions that have the potential to provide future financial gain. Your debts to other people are called liabilities. In other words, assets increase your wealth while obligations decrease it.

Capital is calculated as assets minus liabilities.

Inputting the values provided yields:

Capital = 27000 - 9000 Kenyan Kwacha

If we simplify, we get: 18000 cash is the capital.

Hence, based on the information provided, the company's capital is 18000 Ksh. After deducting all liabilities and assets, this sum symbolizes the money that the company's owners have contributed to it.

Learn more about assets and liabilities :

brainly.com/question/14287268

#SPJ9

Answer:

He is a cool boy.

Explanation:

Since  he left engineering at final year, he by default became a cool boy.

When Bell Atlantic and GTE merged to form Verizon Communications in 2000, it was born.

1. Millions of customers in the US receive wireless services from Verizon Wireless, an American telecommunications company. When Bell Atlantic and GTE merged to form Verizon Communications in 2000, it was born. The biggest wireless telecommunications company in the US right now is Verizon Wireless. 2. "Enable people and businesses to communicate with each other" is the company's stated mission. Its objectives are to offer customers dependable, high-quality wireless service, to broaden network coverage, and to provide cutting-edge goods and services that cater to customers' shifting needs. 3.Economic trends, governmental restrictions, and technological advancements are a few examples of the factors that make up Verizon Wireless' overall environment. Customers, suppliers, and competitors all make up the task environment. The organisational culture, structure, and resources are all part of the internal environment.

To Know more about Verizon Communications Visit:

brainly.com/question/13451027

#SPJ1

It is to be note that the saleswoman should be reimbursed for a total of $92.68.

The total distance traveled by the saleswoman is the hypotenuse of a right triangle, where the legs represent the distance traveled north and east. We can use the Pythagorean theorem to calculate the hypotenuse as follows:

Distance traveled north = 150 miles

Distance traveled east = 110 miles

Total distance = √(150² + 110²)

≈ 185.35 miles

Therefore, the saleswoman should be reimbursed for a total of $92.68 (185.35 miles x $0.50 per mile).


Learn more about reimbursement:
https://brainly.com/question/28198103
#SPJ1

The prompt doesn't explicitly mention any ethical issues, but there are certainly ethical considerations to take into account when deciding whether to manufacture Dennis Packard's goods in Khali.

An account is a financial record that tracks the transactions of an individual, business, or organization. It is used to keep track of the flow of money in and out of an entity, and to monitor its financial health. Accounts typically include a balance that represents the current amount of money in the account, as well as a record of all the transactions that have taken place in the account. Accounts can take many forms, such as bank accounts, credit card accounts, investment accounts, and more. They can be managed manually or through automated systems, and may be subject to regulations and oversight by various governmental and financial institutions. Overall, accounts serve as a critical tool for individuals and organizations to manage their finances, make informed decisions, and ensure that they are operating within their means.

To learn more about account, visit:

https://brainly.com/question/29608710

#SPJ1

Holidays Galore is a seasonal business, so in the off season when it is buying inventory, it is often short of cash. The business usually borrows money from the bank. The bank is Holidays Galore's lender.

A lender is a person, organization, or financial institution that lends money to another person or organization with the expectation that the borrowed money will be paid back with interest over a set period of time.

Lenders can include banks, credit unions, private investors, peer-to-peer lending platforms, and other financial institutions. The terms and conditions of the loan, including interest rates, repayment period, and collateral requirements, are typically agreed upon by both the lender and the borrower before the loan is disbursed.

Read more on lender here:https://brainly.com/question/29546309

#SPJ1

President Ferdinand "Bongbong" Marcos Jr.'s economic team unveiled his administration's eight-point economic program on Monday.

What exactly did Bongbong Marcos do?

From 1992 until 1995, Marcos served as the Representative of Ilocos Norte's 2nd congressional district. In 1998, he was re-elected Governor of Ilocos Norte. He returned to his old post as Congressman from 2007 to 2010, then as Senator for the Nacionalista Party from 2010 to 2016.

Marcos, who governed by decree after that, restricted press freedom and other civil freedoms, disbanded Congress, controlled media outlets, and ordered the imprisonment of opposition leaders and militant activists, including his staunchest adversaries, Senators Benigno Aquino Jr. and Juan Ponce Enrile.

To know more about administration's visit:-

https://brainly.com/question/29994801

#SPJ9

Answer:

Explanation:

C. An increase in government spending directs resources away from their most valued economic end. This refers to the economic concept of crowding out, which occurs when an increase in government spending leads to higher interest rates and a decrease in private investment, ultimately reducing economic output. This happens because the government is directing resources towards certain projects, which may compete with private investment opportunities and drive up interest rates. Hence, the crowding out effect suggests that increased government spending may have negative consequences on the overall economy.

please make me brainalist and keep smiling dude I hope you will

please make me brainalist and keep smiling dude I hope you willTogether the Starship spacecraft and Super Heavy rocket create a reusable transportation system capable of on orbit refueling and leveraging Mars' natural H2O and CO2 resources to refuel on the surface of Mars. Starship launches with Starship Super Heavy booster. Booster separates, returning to Earth.

The return on the asset's ratio for Thompson Corporation in 2018 is 16%.

Assets are resources owned or controlled by an individual, business, or the organization that are expected to provide future economic benefits. These resources can take various forms such as cash, property, investments, inventory, equipment, patents, and intellectual property. Assets can be classified into two main categories: current assets and non-current assets. Current assets are those that can be converted into cash within one year, while non-current assets are those with a useful life of more than one year. Assets are recorded on a company's balance sheet and are a key indicator of its financial health. They are also used to calculate important financial ratios such as return on assets, which measures how efficiently a company is using its assets to generate profits.

Average Total Assets = (Total assets 2018 + Total assets 2017) / 2

Average Total Assets = ($800,000 + $1,000,000) / 2

Average Total Assets = $900,000

ROA = $144,000 / $900,000

ROA = 0.16 or 16%

To learn more about assets, visit:

https://brainly.com/question/17360994

#SPJ1

Answer:

21

Explanation:

high number in see vdejf a good time for a call today and

Answer: Profit-and-loss statement

Explanation: yes

Answer:

200000×10×30000÷100

Explanation:

answer 600000000

Answer:

Explanation:

WTmonkie IS THIS

Answer:You can just be like"Hey can I talk to you for a minute" and then you guys sit down and just be like "Umm I wan to tell you this for a lo ng time now but I see you have a father figure"

Explanation:

In insurance, to determine how much to pay for the repair of your windshield after a hailstorm, we need to refer to your insurance policy to see what deductible is selected.

A deductible is the amount of money you agree to pay out of pocket before your insurance coverage begins. For example, let's say your insurance policy has a deductible of $500. In this case, you would have to pay the full cost of the repair, which is $200, out of pocket since it is less than your deductible.

However, if the repair cost is more than $500, then you would pay the $500 deductible and the insurance company would cover the remaining cost of the repair. Alternatively, if your policy has a lower deductible, say $100, then you would pay $100 out of pocket, and your insurance company would cover the remaining $100 of the repair cost.

Read more about insurance coverage

brainly.com/question/1807369

#SPJ1

The 4th chapter - Credit is Costly of Dave Ramseys' Workbook provides important terms relating to credit.

The key terms relating to Credit are given as follows:

• Annual Fee: A fee charged by a credit card company for the use of their credit card.

• Credit Limit: The maximum amount of money the lender is willing to loan to an applicant.

• Finance Charge: The total cost of using credit, including interest and fees.

• Origination Fee: A charge for setting up a loan, often associated with home loans.

• Loan Term: The length of time a borrower has to repay a loan. Remember, the longer the loan term, the lower the monthly payment, but the greater the interest paid over time.

• Grace Period: The length of time that the lender charges no interest on money borrowed when the borrower pays off their balance in full each month.

• Annual Percentage Rate (APR): The cost of the loan each year expressed as a percentage. All lenders are required by law to calculate APR the same way.

•  Introductory Rate: A lower interest rate offered by credit card companies, usually for a short period of time, to entice customers to sign up for credit with them. Eventually, the introductory rate expires and a new, increased rate takes effect.

Learn more about Credit:
https://brainly.com/question/1475993
#SPJ1

Full Question:

Although part of your question is missing, you might be referring to this full question:

What are the key terms discussed in Credit is Costly Chapter 4 Lesson 4 of  Dave Ramseys' Workbook?

Answer: a. To create a national database of mortgage professionals

Explanation:

Simple interest is what lenders often charge. Simple interest is calculated as follows: principal x rate x time Equals interest (with time being the number of days borrowed divided by the number of days in a year).

If you borrowed money solely to buy a qualified asset, capitalization is simple: Just subtract any income received from temporary investing such borrowings from the real costs spent.

The amount you borrow and the interest you are required to pay on it make up the entire cost of the loan. Hence, the term "cost of borrowing" refers to the total sum of the loan's principal, interest, and other associated costs.

To know more about Borrowing costs visit:-

https://brainly.com/question/14987049

#SPJ9

The last step in balancing a T-account is to ensure that the debit and credit sides of the account are equal, and that the balance is properly transferred to the appropriate financial statement.

Answer:

Explanation:

To calculate the future value of the account after 6 years of earning interest, we can use the formula:

FV = P * (1 + r/n)^(n*t)

Where:

P = the principal amount (the initial deposit)

r = the annual interest rate (as a decimal)

n = the number of times the interest is compounded per year

t = the number of years

In this case, P = $100.00, r = 6% = 0.06, n = 1 (compounded annually), and t = 6 years. Plugging these values into the formula, we get:

FV = $100.00 * (1 + 0.06/1)^(1*6)

FV = $100.00 * (1.06)^6

FV = $133.82

Therefore, the amount in the account after 6 years would be $133.82.

Answer:

Alana, before jumping to the conclusion that your boss is intentionally underpaying you, it's important to investigate the situation and try to understand what might be causing the discrepancy in your pay. There could be several reasons why you are bringing home less pay than you think you should be.

For example, there may have been a mistake in calculating your pay, or there could be deductions such as taxes, social security, or health insurance that are reducing your take-home pay. Additionally, your boss may have made changes to your employment agreement, such as reducing your hours or changing your job responsibilities, which could have affected your pay.

Before accusing your boss of underpaying you, it's important to gather information and evidence to support your claim. You may want to review your pay stubs, employment agreement, and other documentation to ensure that there are no errors or discrepancies. If you do find an issue with your pay, it's best to approach your boss in a calm and professional manner and explain your concerns. By doing so, you can work together to resolve the issue and ensure that you are receiving the correct amount of pay.

In summary, it's important to approach the situation with an open mind and gather information before accusing your boss of wrongdoing. By explaining your concerns and working together, you can find a solution to the problem and ensure that you are receiving fair pay.

Based on the available data, the Fed may need to enhance the supply of Federal funds by lowering the interest rate from 8 to 6 percent in order to promote investment spending and overall demand if its objective is full-employment production of Qf.

Suppose that the price level is adjustable in both directions and that the Fed's goal is to prevent either an increase or a decrease in the price level. if the overall supply of goods and services rises.

The Reserve Bank of India (RBI) lends money to commercial banks or other financial institutions in India at a rate known as the repo rate (RR).

To know more about interest rate visit:-

https://brainly.com/question/13324776

#SPJ9

A Code of Conduct, which establishes guidelines for proper and moral conduct, establishes the tone for the workplace culture, and instructs employees on how to conduct themselves with integrity, may be developed by Carrington.

The employer draughts a code of conduct to inform employees of what is expected of them in terms of conduct at work.

The Board's Nomination and Compensation Committee would be designated as the Ethics Committee and be in charge of creating the conditions that will encourage Directors to embrace the Code of Conduct and ensuring that it is effectively followed.

To know more about guidelines visit:-

https://brainly.com/question/29572598

#SPJ1

Cindy's property damage liability coverage will pay for her neighbor's fence.

Why is it?

This coverage is included in most auto insurance policies and covers damages that the policyholder (Cindy) causes to another person's property while driving.

In this case, Cindy's car caused damage to her neighbor's fence, so her property damage liability coverage will cover the cost of repairing or replacing the fence. It's important to note that liability coverage only covers damages that the policyholder is legally responsible for, so if Cindy's neighbor was partly or fully responsible for the accident, the coverage may not apply.

To know more about liability coverage related question visit:

https://brainly.com/question/24119131

#SPJ9

complete question:

Which of Cindy's coverages will provide coverage for the damage to her neighbor's fence after her car, which was left in neutral without the parking brake set, rolled down her driveway and collided with the fence?

Answer:

No, buyers prefer low prices to high prices.

Explanation:

This is because every person aims at spending less money and gaining more goods.

True, revenue is the difference between a company's profits and the costs it incurs to generate that revenue, according to accountants.

The total amount of money a company makes from the sale of goods or services related to its primary operations is called revenue. The amount of income that remains after accounting for all expenses, debts, additional income streams, and operating costs is referred to as profit, or net profit or the bottom line.

Due to its position at the top of the income statement, revenue is frequently referred to as the "top line." The company's income before expenses are deducted is referred to as the revenue number.

For instance, a shoe retailer's revenue is the money it makes from selling shoes before deducting any costs. If the company also has income from investments or a subsidiary company, that income is not considered revenue. This is because it is not generated by shoe sales. Each type of expense and additional source of income is separately accounted for.

To learn more about revenue visit :

https://brainly.com/question/8645356

#SPJ1

The steps to check the features of each operating system is given below:

Step 1: Develop a checklist of features to evaluate for each operating system

We have identified the following features to evaluate for each operating system:

Price: What is the cost of purchasing and licensing the operating system?

Ease of Use: How easy is it to navigate and use the operating system?

Application Software Availability: What software applications are available for the operating system?

Security: How secure is the operating system against viruses and malware?

Built-in Tools: What built-in tools and utilities does the operating system come with?

Step 2: Assign an operating system to each team member

We have assigned the following operating systems to each team member:

Windows: Assigned to Team Member 1

Mac OS X: Assigned to Team Member 2

Linux: Assigned to Team Member 3

Step 3: Use the Internet and other resources to research your operating system

Team Member 1: Windows

Price:

The cost of Windows 10 Home is currently $139.99 on the Microsoft Store.

Ease of Use:

Windows 10 has a user-friendly interface and is easy to navigate.

The start menu has been improved in Windows 10, making it more accessible for users.

Application Software Availability:

Windows has the largest selection of software applications available, including popular programs such as Microsoft Office and Adobe Creative Suite.

Security:

Windows 10 comes with Windows Defender, a built-in antivirus program that offers decent protection.

Windows also offers frequent security updates to ensure the operating system is secure.

Built-in Tools:

Windows 10 comes with many built-in tools, such as the Task Manager, File Explorer, and Snipping Tool.

Team Member 2: Mac OS X

Price:

The cost of macOS Big Sur is currently free.

Ease of Use:

Mac OS X has a simple and intuitive interface.

The Dock and Mission Control make it easy to navigate the operating system.

Application Software Availability:

While Mac OS X has fewer software applications available compared to Windows, it still offers a wide selection of popular programs such as Final Cut Pro and Logic Pro.

Security:

Mac OS X has a reputation for being more secure than Windows due to its UNIX-based architecture.

macOS Big Sur comes with Gatekeeper, a built-in security feature that helps protect against malware.

Built-in Tools:

Mac OS X comes with many built-in tools, such as Spotlight, QuickTime Player, and Time Machine.

Team Member 3: Linux

Price:

The cost of Linux distributions varies, with many being free.

Ease of Use:

Linux has a steeper learning curve than Windows or Mac OS X due to its command-line interface.

However, many modern Linux distributions have a graphical user interface that is similar to Windows and Mac OS X.

Application Software Availability:

While Linux has fewer software applications available compared to Windows, it still offers many popular programs such as LibreOffice and GIMP.

Security:

Linux is known for its security and is less vulnerable to viruses and malware compared to Windows and Mac OS X.

Linux distributions receive frequent security updates to ensure the operating system is secure.

Built-in Tools:

Linux distributions come with many built-in tools, such as the Terminal, File Manager, and Package Manager.

Step 4: Collaborate as a team to create a table or report summarizing your findings for the three operating systems.

Feature Windows Mac OS X Linux

Price $139.99 Free Varies

Ease of Use User-friendly Simple and intuitive Steep learning curve

Application Software Availability Widest selection, including Microsoft Office and Adobe Creative Suite  

Read more about operating system here:

https://brainly.com/question/22811693

#SPJ1