Answer:
C. Someone starting a new business
Explanation:
- An entrepreneur is a person who organizes and operates the business and takes into consideration all the factors associated with the business as they take big risks.
- And also performs experimentation with the assets of the company and promotes the industry. These tend to take the calculated risks are like those economists that follow economic principles.
The journal entry would be to debit the Sales allowance account and credit the merchandise account. This is because the sales allowance is an expense for the merchandiser so it will be debited and the person he is selling the merchandise to will be credited as the rule states to credit the receiver. These rules will be according to the golden rules of accounts.
So the journal entry will be Sales allowance a/c Dr.
To Merchandise a/c.
A perpetual inventory system is a computerized system to record inventory immediately. It is an automatic system and happens at the point of sale. By this method, the seller is able to keep aware of his inventory information immediately. This system uses computerized point-of-sale systems and enterprise asset management software.
This type of perpetual inventory system is usually used by grocers to keep an account of their goods. This makes their work much more efficient and easy.
1. Learn more about the perpetual inventory system here:
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2. Learn more about enterprise asset management software here:
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Answer:
Inventory should be increased by $3,500
Explanation:
Calculation for What adjustment to inventory should be made under IAS 2 after this event
Adjustment to inventory under IAS 2= 13,000 - 9,000- 500
Adjustment to inventory under IAS 2 = $3,500 Increased
Based on the above calculation the adjustment to inventory that should be made under IAS 2 after this event is that Inventory should be increased by $3,500.
Eileen's advice would be most appropriate if this change in behavior is affecting the employee’s performance. An employee assistance program plays a key role in providing counselling to help employees that may be experiencing personal problems especially when they negatively affect their performance.
Answer:
10
Explanation:
The average utility is the total utility derived from the consumption of goods and services divided by the total number of items consumed.
i.e,. total utility/items consumed
In this case, the total utility is 70, and the number of items consumed is 7.
Average utility = 70/7
=10
