It is important to keep accurate financial records so true
Answer:
a. If the price of a magazine is $4 each, what is the maximum number of magazines she could buy in a week?
b. If the price of a pie is $12, what is the maximum number of pies she could buy in a week?
c. What is Marie's opportunity cost of purchasing a pie?
Explanation:
Marie's weekly budget = $24
each magazine costs $4, total amount of magazines that can be purchased per week = $24 / $4 = 6 magazines
each pie costs $12, total amount of pies that can be purchased per week = $24 / $12 = 2 pies
Marie's opportunity cost of purchasing one pie = $12 / $4 = 3 magazines
The demand curve shows price and quantity combinations listed in a demand schedule.
Hope this helps!
Answer:
Option a (5000) is the appropriate answer.
Explanation:
Given values are:
Current assets,
= $10,000
Current liabilities,
= $5,000
Now,
The working capital will be:
= 
By substituting the values, we get
= 
= 
Answer:
- Dr Finished goods inventory $60,000
Cr work in process inventory $60,000
Cr Sales Revenue $37,400
- Dr Cost of Goods Sold $25,000
Cr Finished goods inventory $25,000
Explanation:
First it's necessary to register the process of transfer the goods from WIP to finished products.
- Dr Finished goods inventory $60,000
Cr work in process inventory $60,000
Second recorded the sales of the goods in cash to a customer.
Cr Sales Revenue $37,400
And finally it necessary to register the cost of the goods sold, in this case only the Job10.
- Dr Cost of Goods Sold $25,000
Cr Finished goods inventory $25,000
