The carter corporation purchased $2,000 of direct materials on account from its largest vendor. carter also paid $230 in shipping costs. how would carter record this transaction?

Answers

Answer 1

raw materials inventory       $2230

To credit carter corporation $2230

raw materials inventory will shown as debit and carter corporation as credit.  

The $2,230 transaction is recorded by carter as a debit to raw materials inventory.

A vendor, usually referred to as a supplier, is a person or a company who sells goods. A vendor often finds a place to sell their products and services. The seller markets and sells their goods using whichever strategy suits them best after procuring the appropriate items. For instance, if it's a food truck, the vendor makes sure there are enough ingredients to prepare the menu items and serve the anticipated amount of people before driving to a specific location and starting to sell meals. To prepare for, obtain, and deliver the items and services they are contracted to offer, a vendor that supplies one of these major businesses would require a significantly larger operation.

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Related Questions

Accounting and finance is a primary activity in the value chain. group starts
a. true
b. false

Answers

The Answer is b.False

The main purpose of the aggregate plan is to specify the optimal combination of what? check all that apply.

Answers

The main purpose of the aggregate plan is to specify the optimal combination of Production rate ,Workforce level ,Inventory on hand.

What is Aggregate plan ?

A company can use demand prediction recommendations to conclude its business strategy. An organization can work backward from the ultimate sales unit to the raw materials needed once business strategies are finalized. As a result, requirements for labor, raw materials, working capital, etc. over a medium-term period are divided into annual and quarterly plans (6 months to 18 months). Aggregate planning is the process of determining the production needs for a medium-term.

In order for the company to achieve its long-term goals, aggregate planning is crucial. Planning for aggregates aids in:

Achieving financial objectives through a decrease in overall variable costs and an increase in profitabilityMost use of the production facility that is availableBy matching demand and cutting down on customer wait times, you may please your customers.Invest less in inventory restocking.Able to accomplish scheduling objectives, resulting in a contented and happy workforce.

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Complete Question :-

The main purpose of the aggregate plan is to specify the optimal combination of what? Check all that apply.

Number of suppliersProduction rateNumber of sales representativesThe best product designWorkforce levelInventory on hand

Treasury stock should be reported in the financial statements of a corporation as a(n):_______

Answers

A corporation's financial statements must include a liability for treasury stock.

A liability is what?

A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.

Liabilities on the balance sheet's right side are represented by debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties, and accumulated costs.

Assets can be contrasted with liabilities. Assets are items you own or owe money to, whereas liabilities are debts or other obligations.

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A large increase in the supply of hd-tv sets occurs simultaneously with a smaller decrease in its demand. as a result the equilibrium price will?

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The answer to this question is :decrease.

When Demand decreases, it suggests that customer now is much less inclined to purchase that certain products.

This unwillingness will began to drives the price down. During this period, Sellers will start to create greater effort to promote the remaining products so they ought to achieve the best possible price possible.

How does the equilibrium rate exchange when furnish for a accurate will increase or decreases?

An extend in supply, all other things unchanged, will purpose the equilibrium fee to fall; extent demanded will increase. A decrease in supply will purpose the equilibrium fee to rise; quantity demanded will decrease.

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If, as a person consumes more and more of a good, each additional unit adds less satisfaction than the previous unit consumed, we are seeing the workings of?

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If, as a person consumes more and more of a good, each additional unit adds less satisfaction than the previous unit consumed, we are seeing the workings of law of diminishing marginal utility.

According to the law of diminishing marginal utility, as consumption rises, the marginal utility from each extra unit decreases. As it may become completely unfavorable to consume another unit of any product, the marginal utility may decrease and turn into negative utility.

For instance, someone might purchase a specific brand of chocolate repeatedly. Because the satisfaction they were initially experiencing from the chocolate is waning, they may soon buy less and switch to another sort of chocolate or buy cookies in its place.

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Determine which of these fundamental factors is affecting the cost of money in the scenario described

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Time preferences for consumption these fundamental factors is affecting the cost of money in the scenario .

What is the cost of money?

The cost of money indicate to the price paid for using the money, either borrowed or owned. Every sum of money used by corporations bears cost. The interest charge on debt capital and the dividends paid on ownership capital are examples of the cost of money.

What factors affect the cost of money and interest rates?

As they do for any other commodity, supply and demand influences  the cost of money. Interest rates are determined by the supply of and demand for money. Inflation,  is considered  to the supply and demand forces on money.

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Predict the charge on the predominant species of the peptide e−d−k−r−a−s−t at ph 5. 0.

Answers

The charges on the predominant species of the peptide e−d−k−r−a−s−t at ph 5. 0. is   Zero (0)Charge

This is further explained below.

What is Charge?

Generally, Charged material experiences a force when it is exposed to an electromagnetic field due to the physical characteristic of electric charge. You might have a positive or negative electric charge.

Unlike charges attract one another while similar charges repel one another.

In conclusion, At pH 5.0, the charges on the main species of the peptide edkrast are Zero (0)Charge.

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What penetration model should be used when a company's management team does not wish to disclose that penetration testing is being conducted?

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black box

     What is black box?

A black box is a system that can only be understood in terms of its inputs and outputs (or transfer characteristics) in the fields of science, computing, and engineering. The way it's implemented is "opaque" (black). The phrase can be used to describe a variety of internal mechanisms, including those of a transistor, an engine, an algorithm, the human brain, as well as those of organizations and governments.Around 1945, it appears that the phrase "black box" acquired its contemporary connotation and entered the English language. The process of network synthesis from transfer functions, which led to the idea that electronic circuits are considered to be "black boxes" determined by how they react to signals sent to their ports, may be traced back to Wilhelm Cauer, who first published his concepts in 1941.Although Cauer did not use the term himself, those who followed him undoubtedly did.  Vitold Belevitch dates the concept of black-boxes back even further, claiming that Franz Breisig was the first to explicitly treat two-port networks as black boxes in 1921 and that 2-terminal components were implicitly treated as black-boxes before that.The "explanatory principle," the theory of a causal relationship between the input and the output, provides the foundation for comprehending a black box. This concept argues that the system's inputs and outputs are separate, are observable (and related), and are opaque to the observer (non-openable).

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If demand for a good is inelastic, what would the demand curve for this good look like?

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If demand for a good is inelastic, what would the demand curve for this good look like the Downward sloping and relatively steep.

Demand for good is said to be inelastic when there is less change in quantity demanded due to more change in price.

If there is 5% change in price of the good or services , there will be less than 5 % change in quantity demanded.

Perfectly inelastic demand refers to the no change in the quantity demanded due to change in price .

Perfectly inelastic demand curve will be vertical straight line parallel to y axis.

some examples are essential items such as medicines , it is essential for life, so consumer will buy no matter what the price is.

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To effectively segment a market, you should ensure that the segments are relatively blank______, at least in terms of prospective buyers' needs and response to marketing.

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To effectively segment a market, you should ensure that the segments are relatively blank  Homogeneous

Effective marketing :

Effective segmentation should be quantifiable , accessible, substantial, discriminable , and actionable. When a company has segmented their market accordingly, there is a higher chances that it will become more profitable and successful in the long run.

Who is a prospective purchaser ?

a prospective buyer is any prospective client party that could be a fit for the purchase of a company that is being marketed in a sell-side transaction. In the world of M&A, a prospective purchaser is one of the buyers that gets put on a prospective buying list.

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A common approach by managers in determining how to allocate scarce funds is to rank investment proposals by taking into account ______.

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A common approach by managers in deciding how to allocate scarce funds is to rank investment proposals by taking into the account time value of money.

Why is the managerial approach important?

This builds their faith, gives them a sense of achievement, and helps them evolve into more resourceful, decisive, and independent. As a manager, your role is to then keep a close eye on improvement and only provide guidance if you see things going awry. This course is a great default for day-to-day administration. Management procedures are techniques that are used to direct and control an association.

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The primary purpose of management is to ______; the primary function of leadership is to ______.

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While producing change and movement is the main duty of leadership, maintaining order and consistency is the main goal of management.

Management must ensure that critical obligations are finished efficiently and efficiently (within the satisfactory way possible) (doing the right aspect). planning, organizing, main, and regulating are the 4 fundamental duties that managers must complete as a part of the management procedure. each manager performs planning as their essential management assignment. with out finishing a making plans function, the management can't accomplish another task.

The act of motivating and directing a collection or an person to accomplish a task is called management.

Leaders encourage followers to do the stairs vital for fulfillment. gaining knowledge of and growing the applicable skills is vital to grow to be a outstanding chief.

Motivation and path the primary obligation of a pacesetter is to persuade and direct his team and inspire them to paintings hard to acquire the set targets. He must instill a experience of confidence and fervor some of the group individuals.

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The use of effective contracts with penalties could reduce which form of supply chain risk?

Answers

The use of effective contracts with penalties could reduce the following forms of supply chain risks:

DistributionLogistic delays or damagesSupplier failure to deliver

What are supply chain risks?

Supply chain risk management is "the implementation of strategies to manage routine and non-routine risks in the supply chain to reduce vulnerability and ensure continuity based on ongoing risk assessment".

What are effective contracts?

Most contracts only need to contain two elements to be legally effective: the parties must agree (after one party has made an offer and the other has accepted it).

Something of value, such as money, services or goods (or a promise to exchange such goods) must be exchanged for something else of value.

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Full Question

The use of effective contracts with penalties could reduce which form of supply chain​ risk?

A. Distribution

B. Logistic delays or damages

C. Supplier failure to deliver

D. All of the above Question:

During the adjusting process two transactions were neglected or omitted. The first is for unearned rent revenue of which $450 was earned during the period, the second was for accrued interest payable of which $275 is owed for the period. As a result of these omissions.

Answers

The omission related to unearned rental income could increase net income by $690 while eliminating accrued expenses, interest expense and interest payable, increased expenses and liabilities by $275. As a result, revenues are understated by $690 while expenses are understated by $275 so net income is understated by $140. Assets are not affected by this error, but liabilities are overstated by $140.

Unearned income is another name for the term “deferred income". It is used to define the process by which a company accepts payment from a customer before that customer receives a product or service. In many cases, companies rely on an upfront payment to complete the manufacture of the product before shipping it to the customer.

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If a price floor is imposed at $15 per unit when the equilibrium market price is $12, there will be:_________

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Answer:

there will be a surplus.

marketers create value for customers when they develop products that allow consumers to satisfy their needs and wants through exchange relationships

Answers

When marketers create products that enable consumers to meet their needs and wants through trade interactions, they add value for consumers.

A marketer is someone who is in charge of establishing a connection or we can say value between the customer and the products or service that the business is providing by exchange relationships. This engagement is attained by keeping enormous inventories of products for supply or by effectively marketing the product to encourage significant sales. However, when marketers enter the picture, a significant misunderstanding results. Despite the fact that the terms sound relatively similar, there is a significant difference on a variety of levels.

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Ending finished goods inventory selling expenses administrative expenses what is the gross profit?

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Gross Profit = Revenue - Cost of Goods Sold is the formula for calculating gross profit.

What is Gross profit?

Gross profit is the amount of money your company makes after paying its expenses. Your net profit is your earnings after all expenses have been paid. The money that remains after an organization has paid for the products and services it sold is known as gross profit. The amount that is left over after all costs and taxes have been paid is the company's net profit.

The profit a company makes after deducting all of the expenses involved to producing and offering its goods or services is known as gross profit. The cost of goods sold (COGS) is subtracted from your total sales to determine gross profit.

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Suppose that a decrease in the price of good x results in fewer units of good y being demanded. This implies that x and y are.

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Decrease in the price of good x results in fewer units of good y being demanded This shows that x and y are substitute goods.

A product that can be used in lieu of another is known as a substitute. In the marketplace, substitutes are significant and viewed favorably by customers. They give consumers additional options, which improves their ability to meet their demands. Bills of materials frequently include substitute parts that, in the event that the primary part is damaged, can take its place. Substitutes give consumers options while they are making purchases. When there are at least two items that can serve the same function, such as an iPhone vs. an Android phone, substitutes happen.

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In a simple model of the supply and demand for pizza, when buyers' income increases, the price of pizza ______ and the quantity purchased ______.

Answers

In a simple model of the supply and demand for pizza, when buyers' income increases, the price of pizza Increases and the quantity purchased increases.

What is the Law Supply and Demand ?

Two fundamental economic theories are combined in the law of supply and demand to explain how changes in the price of a resource, good, or service impact its supply and demand.Supply grows as the price rises, but demand drops. In contrast, as the price falls, supply is constrained and demand is increased.According to the law of demand, demand for a good or resource will decrease as its price increases and increase as its price decreases.According to the law of supply, on the other hand, higher prices tend to increase an economic good's supply while lower ones tend to reduce it.The intersection of the supply and demand curves, which balances supply and demand, is a graphic representation of the market-clearing price.

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A customer has a restricted margin account with $2,500 of sma. the customer wishes to buy $10,000 of a marginable listed stock. the customer must deposit?

Answers

If the customer wishes to buy $10,000 of a marginable listed stock. The customer must deposit $3,000.

Given,

Restricted margin account with $2,500 of SMA.

Marginable listed stock of $10,000

So here according to Regulation T requirements, when a customer wants to purchase marginable common stocks, a margin account must have a balance of at least 50% of targeted value of the marginal securities.

So as a result, the customer must deposit half of $10,000 in a margin account, which is $5,000. Thus, the margin account is already been constrained with $2,000.

So, the customer here needs the difference amount between the required balance, $5,000 and the actually restricted balance, $2,000 which is,  

$5,000 - $2,000 = $3,000

Hence, in the margin account, the customer must deposit $3,000

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The responsibility for setting a company's mission, objectives, broad strategies, and policies primarily lies with its ________.

Answers

Typically, a corporation's financial department is in responsible of defining its mission, goals, overarching strategy, and policies.

The finance department of a corporation is in responsible of securing external funding for the organization, handling internal cash flow, and planning how money will be spent on various assets.

What is the financial accounting division?

The component of a business that manages duties including payroll, general ledger maintenance, bill payment, bill preparation, and financial statement preparation is referred to as the "accounting department." To put it another way, they are in charge of managing the business's overall financial front.

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Broker audrey has a listing agreement with seller scarlett. one of audrey's salespeople commits a license law violation while interacting with scarlett. audrey?

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Broker audrey features a listing agreement with seller scarlett. one among audrey's salespeople commits a license law violation while interacting with scarlett. audrey are often responsible due to representative obligations.

A listing agreement can be defined as a contract in which the property owner (as the principal) authorizes the real estate broker (as the agent) to find a buyer of the property on the terms of the owner. reciprocally for this service, the owner pays a commission.

Listing agreements authorize brokers to represent sellers and their properties to 3rd parties. An inventory agreement can be defined as an employment contract rather than a real estate contract: A broker is hired to represent the seller, but no property is transferred between the 2.

Even though the list of agreements is legally binding, the contract can in certain circumstances be terminated—for example, if the broker does nothing to plug the property. Additionally, the listing agreement will terminate if the property is destroyed (for example, by a fireplace or natural disaster), or upon death, bankruptcy, or insanity of either the broker or seller.

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Definition of cooperative society please need answers asap 20 points no bots​

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Answer:

A cooperative society is a voluntary association that started with the aim of the service of its members. It is a form of business where individuals belonging to the same class join their hands for the promotion of their common goals. These are generally formed by poor people or weaker sections of people in society. Likewise

Explanation:

When jake goes to work, he drives at an average speed of 60 miles per hour. It takes about 1 hour and 30 minutes for jake to get to work. His car travels about 25 miles per gallon of gas. If gas costs $3. 65 per gallon, approximately how much money does jake spend on gas to get to work?.

Answers

Jake spends $13.14 on gas to get to work.

Jake's car travels 25 miles for 1 gallon of gas.The cost for one gallon of gas is $3.65 per gallon.The total miles travelled is 60 miles/ hour * 1 hour 30 minutes.Total miles travelled = 60 * (1.5)Total miles travelled = 90 milesThe gas used for 25 miles is 1 gallonThe gas used for 90 miles is 90/25 = 3.6 gallon.The cost of gas is $3.65 per gallonThe cost of 3.6 gallon is 3.65 *3.65The cost of the gas used to get to work is $13.14.

What is an Equation?

An equation is a mathematical announcement fashioned whilst  expressions are equated the usage of an identical sign.

The equations are beneficial in willpower of unknown parameters.

The common speed of Jake while he goes to work is 60 miles/hour.

The time taken to attain to work is 1 hour 30 minutes.

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How long did it take, on average, for credit customers to pay off their accounts during the past year?

Answers

28.88 days, on average, for credit customers to pay off their accounts during the past year.

Who is a customer?

A customer is essentially the one who pays for the good or service; a consumer is a person who receives the good or service.

By using the formula for Days' sales in receivables

Days' sales in receivables = 365 days / Receivables turnover

Days' sales in receivables = 365 / 12.64

Days' sales in receivables = 28.88 days

Customers of the business settled outstanding balances in 28.88 days on average, as these are considered account receivables and will be paid in a short duration of time.

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The question is incomplete, the complete question will be:

Aguilera Corp. has a current accounts receivable balance of $332,875. Credit sales for the year just ended were $4,207,540.Receivables turnover = 12.64 times

How long did it take on average for credit customers to pay off their accounts during the past year?

Loren+already+knows+that+he+will+have+$500,000+when+he+retires.+if+he+sets+up+a+payout+annuity+for+30+years+in+an+account+paying+10%+interest,+how+much+could+the+annuity+provide+each+month?

Answers

The annuity provide each month to Loren is $221.19.

What is meant by annuity?

An annuity is a set of payments that are made at regular intervals.

Regular savings account deposits, monthly mortgage loan payments, monthly insurance payments, and pension payments are all examples of annuities.

The frequency of payout dates distinguishes annuities.

Now, as per the question;

The formula for calculating the annuity is;

[tex]P_t=\frac{d\left[\left(1+\frac{s}{n}\right)^{n t}-1\right]}{\frac{s}{n}}[/tex]

where,

[tex]P_t[/tex] = is the account balance after t yearsd = regular deposit (the amount users deposit each year or month) r = annual interest rate in decimal form.n= number of compounding periods in a year.t = number of years

Loren is confident that he'll have $500,000 when he retires.

= $500,000

He establishes a 30-year payout annuity in a 10%-paying account interest.

30 years = t

r = (10/100) = 0.1

Each month, the annuity could provide

n = 12

In the formula, replace the above values.

500,000 = d[( 1 + 0.1/12)³⁶⁰ - 1]/(10.1/12)

500,000 = d[(1.00833333)³⁶⁰ - 1]/0.00833333

500,000 = d [2260.487925]

Divide both sides by 2260.487925

d = $221.19

Therefore, the value of annuity provided each month is $221.19.

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The correct question is -

Loren already knows that he will have $500,000 when he retires. If he sets up a payout annuity for 30 years in an account paying 10% interest, how much could the annuity provide each month?

Which general considerations help guide management's response to the environment?

Answers

General considerations that can help guide management's response to the environment are as follows:

Responses which are financially efficient and also effective should be considered.Organization should consider responses which will give rise to esprit de corps.Organization should go with responses that are fixing the appropriate elements of environment.What is an Internal Environment ?

The atmosphere within the organizational structure of a corporation is defined by a set of factors called the internal environment. It defines how interactions and connections take place within the company, typically between coworkers.

Therefore, General considerations that can help guide management's response to the environment are the one's with cost friendly, effective and team friendly.

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What is the primary reason for u.s. government bond yields to ripple through the bond market?

Answers

The primary reason for U.S government bond yields to ripple through the bond market is because the government bonds form a large proportion of investor holdings and corporate bonds are often priced relative to corporate bonds.

What is the government bond?

It refers to the debt security issued by a government to support the government spending and obligations. It can pay a periodic interest payments called coupon payments, issued by the national governments and considered low-risk investments since the issuing government backs them.

In the exchange market, the primary reason for U.S government bond yields to ripple through the bond market is because the government bonds form a large proportion of investor holdings and corporate bonds are often priced relative to corporate bonds.

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The cost of doing business is closely linked to the cost of money, which is known as:_______

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The cost of doing business is closely linked to the cost of money, which is known as Operating cost.

What is Operating cost?

The ongoing costs related to the routine day-to-day operations of a business are known as operating costs. Costs of goods sold (COGS) and other operating costs, also known as selling, general, and administrative (SG&A) costs, are both included in operating costs.

The phrase "cost of goods sold" refers to expenditures that are directly connected to the manufacturing of a good, such as the supplies required to put one together and the transportation costs involved in getting goods from a distributor to a store. On a company's income statement, each sort of expense is listed as a separate line item.

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Committee chairs and leadership positions in each house of congress are based on?

Answers

To The longest-serving committee members from the majority and minority parties are chosen as the chair and ranking members, respectively. This practice of choosing committee chairmen by seniority is not exclusive, however.

Leadership Roles in each house of congress:

1)The House's speaker.

2)Minority Leader.

3)Majority Leader.

4)Party leaders.

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Other Questions
Knowledge CheckQuestion 10The circle graph shows how the annual budget for a company is divided by department. If the amount budgeted for Media and Engineering combined is$30,000,000, what is the total annual budget? 1. Which of the following best summarizes Coronado's goal in exploringMexico as expressed in this excerpt? A Lilly pond starts with 1 Lilly pad and every day the amount doubles. How many Lilly pads are in the pods after d days The fed's strategy of increasing the money supply and lowering interest rates in order to increase real gdp is called? Which nursing theory is useful in promoting self-management for a patient with diabetes taking insulin? some of the pie ................... before we blew the candels a) got ate b) was eaten c) were eaten d)got eaten Which pain scale would the nurse use when assessing a 4-year-old child? 1 cries 2 flacc 3 numerical 4 wong-baker To produce starch, glucose molecules bond together and release a water molecule through which process?O photosynthesis.O cellular respiration.O nucleotides.O dehydration synthesis. Find the difference.8518- 2259 = How many residues separate amino acids that are stabilized by hydrogen bonds in helices?. In terms of innovation in transportation technology occurring since the 1950s, the development of _____ has essentially reduced the size of our entire world. (check all that apply.) What is an important tool to remember when trying to achieve communication competence? Which of these is NOT part of the health care system?O A gymO B. hospitalO C. doctor's officeO D.medical laboratory Exercise 1 Draw a vertical line (|) between the complete subject and the complete predicate. Here are several of Grandmas quilts. Sabrina is studying exercise physiology. What is MOST likely to be themain focus of her studies?O how bodies react when muscles are put to useO how skeletal bones affect exercise form and postureO how the lungs and heart respond to aerobic workoutshow anaerobic workouts boost metabolism A __________ is a group of closely related phenomena or observations, and __________ is a logical idea that can be tested. A function is shown in the table.x g(x)2 21 00 21 8Which of the following is a true statement for this function? (5 points)Group of answer choicesThe function is decreasing from x = 0 to x = 1.The function is decreasing from x = 1 to x = 0.The function is increasing from x = 0 to x = 1.The function is increasing from x = 2 to x = 1. If m True or false: a contra-asset account, such as accumulated depreciation, will have a normal debit balance. Why did the Spanish explore in the 1400s and 1500s?