VLC Corporation sold merchandise with a cost of $200 on account for $300 to PRT Corporation; credit terms were 2 / 10, n / 30. VLC paid the outgoing freight charge of $10. PRT paid the invoice within the discount period.The entries in VLC's accounting information system to record all the preceding events will include all of the following except: A. A debit to cost of goods sold
B. A debit to delivery expense
C. A credit togross profit
D. A credit to inventory

Maria’s utility-maximizing point is:  3 salads, 6 vegetarian burgers. Therefore, the correct option is C.

Given information: Each salad costs $6 and each vegetarian burger costs $3. Maria’s weekly food budget is $36.

3 salads cost will be:

= $18

6 vegetarian burgers cost:

= $18

Total cost: $18 + $18 = $36

When Maria is consuming 3 salads and 6 vegetarian burgers, she is spending $36 which is equal to her budget i.e. $36. So, it is Maria’s utility-maximizing point.

The happiness or benefit that a person obtains from consuming a good, using a service, or participating in an activity is referred to as utility. It stands for the arbitrary evaluation of how highly a person values or likes a given option or choice.

Thus, the ideal selection is option C.

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The complete question might be:

For Lunch, Maria Eats Only Salads Or Vegetarian Burgers. Her Weekly Food Budget Is $36. Each Salad Costs $6 And Each Vegetarian Burger Costs $3. When Deciding How Much Of Each Good To Buy, Maria Knows That 2 Salads And 4 Vegetarian Burgers Will Give Her A Utility Of 8. Maria’s Utility-Maximizing Point Is: A. 6 Salads, 1 Vegetarian Burger B. 4 Salads, 6

32. For lunch, Maria eats only salads or vegetarian burgers. Her weekly food budget is $36. Each salad costs $6 and each vegetarian burger costs $3. When deciding how much of each good to buy, Maria knows that 2 salads and 4 vegetarian burgers will give her a utility of 8. Maria’s utility-maximizing point is:

A. 6 salads, 1 vegetarian burger

B. 4 salads, 6 vegetarian burgers

C. 3 salads, 6 vegetarian burgers

D. 2 salads, 8 vegetarian burgers

Answer:none of above

Explanation:

A purchase is generally defined as the buying of goods and services on the price decided by the seller of goods.

What is term Transactions about?

A transactions is defined as the record or an agreement between the buyer and seller of the goods or services.

1. Cash                                 $17,000

       To Service revenue (music)            $17,000

(The academy receives cash by providing music services)

2. Prepaid Insurance          $4,200

               To Cash                                 $4,200

(The academy paid cash in advance to purchase insurance policy)

3. Musical Equipment           $20,000

             To  Cash                                    $20,000

(The academy paid cash for acquiring musical equipment)

4. Cash                              $30,000

           To  Notes payable                           $30,000

(The academy borrowed cash by signing a notes from the bank)

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Answer:

See explanation section

Explanation:

1. Debit     Cash                   $17,000

Credit            Service revenue (music)       $17,000

Note: The academy receives cash by providing music services to the students.

2. Debit     Prepaid Insurance          $4,200

Credit                    Cash                                 $4,200

Note: The academy paid cash in advance to purchase insurance policy.

3. Debit    Musical Equipment           $20,000

Credit                     Cash                                    $20,000

Note: The academy paid cash for acquiring musical equipment.

4. Debit     Cash                              $30,000

Credit             Notes payable                           $30,000

Note: The academy borrowed cash by signing a notes from the bank.

Answer:

The correct answer is: Field maintenance.

Explanation:

In the military, field maintenance involves the efforts of soldiers to repair, regenerate, and preserve equipment and weapons during the battlefield to ensure mission accomplishment. According to the Army Regulation (AR) 750-1, commanders are in charge of keeping equipment supplies and repairs according to what the manufacturers' guidelines request.

Issuance: Installment Note Payable $46,000; First two payments: Interest Expense $230.00, Installment Note Payable $659.31 each month.

On January 1, 2021, Tropical Paradise records the issuance of a 6%, five-year installment note payable with a principal amount of $46,000. This note is obtained from the bank to finance the purchase of a BMW convertible for promotional purposes related to resort properties. The terms of the loan stipulate monthly payments of $889.31, with the first installment due on January 31, 2021.

For the first two monthly payments:

1. The Interest Expense is calculated based on the outstanding balance of the loan and the interest rate. In the first month, the interest is $46,000 * 6% / 12 = $230.00.

2. The remaining amount of the monthly payment is applied to reduce the principal, recorded as a repayment of the Installment Note Payable. The principal repayment is $889.31 - $230.00 = $659.31.

This process repeats in the second month, with the interest recalculated based on the remaining balance, and the remaining amount again applied to reduce the principal. These entries reflect the gradual repayment of both interest and principal over the life of the loan.

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Answer:

Journal entry

Explanation:

The Journal entry is shown below:-

1. Cash Dr,                                            $46,000

   To Notes payable                                         $46,000

(Being issuance of notes is recorded)

2. Interest expense Dr,                     $230    

Notes payable Dr,                              $659.31

    To Cash                                                   $889.31

(Being payment of first installment is recorded)

3. Interest expense Dr,                   $226.70

Notes payable Dr,                           $662.61

    To Cash                                                  $889.31

Working note :-

First installment interest expenses

= $46,000 × 6% × 1 month ÷ 12 month

= $230

Second installment interest expenses

= ($46,000 - $659.31) × 6% × 1 month ÷ 12 month

= $45,340.68 × 6% × 1 ÷ 12

= $226.70

Answer:

Allocated administrative expense to Meat department = $17,000

Explanation:

The basis of allocating the administrative expense is the floor space occupied by the the department.

Administrative  expense

= Floor space occupied/Total floor area × Administrative expense

Total floor area=  (1,470+980+2,450)= 4,900 square feet

Floor area occupied by meat department = 2,450

Administrative expense = $34,000

Allocated administrative expense to Meat department:

= (2,450/4,900) ×  $34,000 = $17,000

= $17,000

Answer:

$17,000

Explanation:

Using the floor spacing occupied by each department as the basis for the allocation of the administrative expense. In other words, the bigger the square feet occupied, the bigger the total administrative expense to be allocated.

Given

Department       Square Feet       Dollar Sales

Produce                 1,470                  $ 99,000

Bakery                      980                 $ 49,000

Meats                     2,450                 $ 61,000

Totals                     4,900               $ 209,000

And the Amount Administrative Square feet of floor space $ 34,000

Then the administrative cost allocated to the meat department

= (2450/4900) * $ 34,000

= $17,000