Answer: (B) Credit to Merchandise Inventory for $50
(C) Debit to Cost of Goods Sold for $50
We will make these 2 adjusting entries and the reason for that is because the inventory is decreasing by 50 and it is an asset and when asset decreases we credit it. Now that we know that inventory is 15,000 the other 50 must have been cost of goods sold, so cost of goods sold need to be increased by 50 and we will debit cost of good sold by 50 because it is an expense and whenever an expense increases we debit it.
Explanation:
The economic order quantity if annual demand is 100 units is: 10 units.
<h3>Economic order quantity</h3>
Using this formula
Economic order quantity =√2×Annual demand× Order placement cost/ Holding cost
Let plug in the formula
Economic order quantity=√2×100×$25/$50
Economic order quantity=√5,000/50
Economic order quantity=√100
Economic order quantity=10 units
Inconclusion the economic order quantity if annual demand is 100 units is: 10 units.
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When zoning deprives the owner of all economic value of her property, it will be categorized be scrutinized under the constitution's Fifth Amendment.
<h3>
What is Fifth Amendment?</h3>
- Criminal procedure and other areas of the Constitution are covered by the Fifth Amendment (Amendment V) of the United States Constitution.
- It was included in the Bill of Rights, which was approved in 1791 along with nine other articles. In regards to a US citizen or resident, the Fifth Amendment is applicable to all tiers of government, including the federal, state, and local ones.
- Through the Fourteenth Provision's Due Process Clause, the Supreme Court expanded the safeguards provided by this amendment.
- The Fifth Amendment stipulates that felonies can only be tried after a grand jury has indicted the defendant.
- Another clause, known as the Double Jeopardy Clause, guarantees that defendants will only ever face one trial in federal court for the same offense.
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Answer:
Personal income taxes
Explanation:
Personal income tax is imposed on salaries, wages, interests, and other income an individual earns throughout the year. The government of the country that the person earned their income imposes the tax. Income tax is levied on the income generated by a person or a business in a country.
Income tax is the most important source of revenue for governments. In almost all countries, the tax agencies employ a progressive system of determining the tax amount for each individual. A person with a high income pays higher taxes compared to the one with moderate earnings.
