Answer: Option (c) is correct.
Explanation:
Gross profit of 30% means that every $1 of Sales require $0.7 of inventory and cost of freight.
So, inventory used to generate sales of $3,630,000:
= $3,630,000 x 0.7
= $2,541,000
Total inventory during the period:
= Beginning inventory + Purchases
= $4,950,000 + $2,049,000
= $6,999,000
Remaining Inventory:
= (Total inventory - Inventory used to generate sales) + freight-in
= ($6,999,000 - $2,541,000) + $234,000
= $4,692,000
Answer: Economic Growth, Employment opportunities, Standard of living improvement.
Explanation:
Macroeconomics is a branch of economics that deals with the structure, performance, behavior, and the decision-making of the economy as a whole. It includes the regional, national, and the global economies.
Expanding production will help the economy in the following ways:
1. Provision of employment opportunities: An increase in production will lead to more goods and services being offered. This will in turn, lead to more workers who would be needed for production.
2. Increase in standard of living: There will be an increase in the standard of living for people that were not employed before and now gainfully employed due to the expansion.
3. Economic growth: Economic growth is the increase in the goods and services in the economy. Increase in production will enhance economic growth.
Answer:
The correct answer is post the information to the ledger.
Explanation:
In accounting, the general ledger is a document where all the transactions of corporations are recorded in chronological order. Each account must have a different book, which must be affected each time the accounts are involved in this process. These records make it possible to know the movements in a more detailed way, since unlike the journal in this case, only a single group of accounts is known and not the whole.
The government wants to protect the consumer's interest, that is why they are regulating the monopoly. Monopolies have the power to set higher prices than the competitive market. They regulate monopolies to prevent excess prices, quality of service( to ensure the firm receives minimum standard of service), monopoly power,promote competition, and natural monopolies( we cannot encourage competition, and it is essential to regulate firm to prevent monopoly of power). <span />
Answer:
Because this is an inter-entity balance then the amount that should be eliminated of this debt is the letter D. all the $400,000.
Explanation:
Inter entity balance facilitates the management of allocations and transfers between entities. They provide a better control over transactions spanning multiple entities, other benefit is that the accuracy of the financial data improves and finally and this is why the anser is option D. is that it keeps each entity in balance
