Answer:
a. The journal entry for recording the purchase of the new carpet would be as follows:
April 30 Debit Credit
Carpet $18,000
Cash $18,000
b. The journal entry would be as follows:
December 31 Debit Credit
Depreciation expense - carpet $800
Accumulated depreciation- carpet $800
Explanation:
a. The journal entry for recording the purchase of the new carpet would be as follows:
April 30 Debit Credit
Carpet $18,000
Cash $18,000
b. According to the given data, the carpet is estimated to have a 15-year useful life and no residual value, therefore the December 31 adjusting entry for the partial-year depreciation expense for the carpet would be to debit Depreciation expense - carpet for $800 and to credit Accumulated depreciation- carpet for $800.
The journal entry would be as follows:
December 31 Debit Credit
Depreciation expense - carpet $800
Accumulated depreciation- carpet $800
<span>For inelastic goods, when the overall price rises, quantity demanded will drop more than the overall price rise. This will cause the overall revenue brought in by the product to decrease. Elastic goods would have a smaller decrease in QD than the percentage of the price rise.</span>
Answer:
c. Credit to Finished Goods Inventory
e. Debit to Raw Materials Inventory
Please remind me if one of them is correct or wrong or if both are wrong/correct
Explanation:
Answer:
The correct answer is: Stew Leonard's uses an integrated talent management system.
Explanation:
An integrated talent management system allows companies to handle information across Human Resources, payroll, and benefits administration. This system requires the collaboration of employees in an organization usually through surveys so the worker's point of view on benefits and management can be considered by high-rank executives.
The information described above is a Market Survey/Research. A market survey is research included in a business plan that must be carried out prior to starting a business.
<h3>What is a
business plan?</h3>
A business plan is a document that outlines the results of a person's market research and must contain the following:
- Sales plans
- Market Strategy
- Financial Strategies
- Risk Management plans etc.
Learn more about business plans at:
brainly.com/question/25311149
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