<span>i think that increase the inventory is the best option because is more posible a opportunity to sell when there are a lot to sell</span>
Answer:
$ 4252 is the lower cost price.
Explanation:
Using lower of cost price or lower of market price :
<u>Item</u> <u>Total cost price</u> <u>Total market value</u> <u>Lower of cost or market price</u>
A $ 1980 $ 2420 $ 1980
B $ 1598 $ 1222 $ 1222
C $ 1050 $ 1176 <u> $ 1050 </u>
$ 4252
44756 divided by 167 equals 268 with a remainder of 0
Answer:
These are the accounts that need to be classified
a. Interest Revenue
b. Accounts Payable
c. Capital
d. Office Supplies
e. Advertising Expense
f. Unearned Revenue
g. Prepaid Rent
h. Utilities Expense
i. Withdrawals
j. Service Revenue
Explanation:
a. Interest Revenue - Equity - increases with a credit - normal balance at credit.
b. Accounts Payable - Liability - increases with a credit - normal balance at credit.
c. Capital - Equity - increases with a credit - normal balance at credit.
d. Office Supplies - Asset - increases with a debit - normal balance at debit.
e. Advertising Expense - Expense - increases with a debit - normal balance at debit.
f. Unearned Revenue - Liability - increases with a credit - normal balance at credit.
g. Prepaid Rent - Asset - increases with a debit - normal balance at debit.
h. Utilities Expense - Expense - increases with a debit - normal balance at debit.
i. Withdrawals - Asset - decreases wtih a credit (bank account), increases with a debit (cash) - normal balance at debit.
j. Service Revenue - Equity - increases with a credit - normal balance at credit.
Answer: 0%
Explanation:
The $20,000 contribution to the variable annuity is not taxed and neither is the gain, at least not yet.
With the variable annuity, the gains/earnings will be tax-deferred and the customer will only have to pay taxes when they withdraw the contributions.
When this happens they will be charged at the normal income tax rate.
