Answer:
a. Cash and accounts payable
Explanation:
The journal entry to record this given transaction is shown below:
Equipment A/c Dr $5,000
To Cash A/c $1,000
To Account payable A/c $4,000
(Being the equipment is purchased for cash and on account)
Since the equipment is purchased for $5,000 that increase the asset account and the cash is paid for $1,000 so it would be credited plus the remaining amount is given on credit basis so we credited the account payable account
Answer:
$3,085,000
Explanation:
FIFO means first in first out. It means it is the first purchased inventory that is the first to be sold.
The costs of goods sold would first be allocated to the beginning inventory = $310,000
The remaining cost of goods sold Je allocated to the inventory made during the year = 210,000 - 25,000 = 185,000
185,000 × ( $3,000,000 / $200,000) = $2,775,000
Total cost of goods sold = $2,775,000 + $310,000 = $3,085,000
I hope my answer helps you
Answer:
The decrease in the remote interest for US products will lessen the net fares of the US economy,
AD = Consumption + speculation + government use + Net fares,
As on factor net fare decay the AD bend will move leftward in the short run. So in short run the genuine GDP fall beneath than the degree of potential GDP.
The short run impact
Since a long time ago run Aggregate Supply Short-run Aggregate Supply PRICE Initial Aggregate Demand Final Aggregate Demand Real GDP (Billions of dollars)
The underlying balance was given by the crossing point of the underlying total interest, SRAS and LRAS at E1. Presently the balance changes from E1 to E2 due to leftward move in the AD bend.
Therefore ,the costs level abatement and furthermore the genuine GDP level.
Over the long haul, firms will diminish the lessening the creation as request is less, so the interest for work likewise falls, which lead to diminish the wages of laborers, As interest for work and wages falls, the creation will fall and supply will move leftward.
From the outline, it is indicated that new harmony at point E3 is the place potential genuine GDP accomplished yet at an even lower cost ( from P2 to P3), this implies collapse in the economy.
Explanation:
Lack of entrepreneurs will lead to lower jobs, innovative products and a decline in economy. By developing new technology, goods, and services, entrepreneurs help to fuel the economic growth.
Answer:
True
Explanation:
The main part of a company is company culture, is basically how a company will beheave and will interact with the society around them, from providers, clients and workers, it is something like the personality of the company, in so Hannah can transfer and teach this culture to her co-workers by setting an example and telling stories that reflect that culture, doing rites and rituals can aslo help teach the company culture, and make the workers embrace that culture and make it their own.
