Answer:
Sold first - June 1 at $10
Sold first - June 2 at $15
Ending inventory - July 4 at $20
Explanation:
In the FIFO Method, when the first product is acquired it is sold first or dispose of.
In the given question, one identical unit is purchased on three dates, and the company sold two units
So, the selling units would be
June 1 at $10
June 2 at $15
And, the remaining stock would be considered as an ending inventory i.e July 4 at $20
Answer:
The answer is A. A debit to Accounts Receivable for $ 586,080
Explanation:
Sales tax is an additional amount of money one pays based on a percentage of the selling price of goods and services that are purchased.
The sales tax amount will be added to sales revenue to form the total bill.
Sales revenue ----------------- $528,00
Sales tax -------------------------- 11%
Sales tax amount
$528,00 x 0.11
= $58,080
Therefore, total bill is:
$528,00 + $58,080
=$586,080.
Debit increases an asset(accounts receivable) while credit decreases an asset(accounts receivable).
Since the accounts receivable will increase, it will be on debit side.
Answer: Reconveyance deed
Explanation: A Reconveyance deed is used to indicate that a borrower has paid his loan or debt in full. A Reconveyance deed is issued by the trustee or lender to signal the transfer of title to the original owner after he or she must have satisfied the term of loan issued by the trustee. A Reconveyance deed is usually notarized containing a legal description of the property and its parcel number.
Chester Barnard
In contrast to an informal organization, which serves the members' psychological and social requirements, a formal organization's objective is to achieve its organizational goal.
A collection of individuals who share a common identity and are dedicated to attaining a common goal is referred to as an informal organization. Informal groups are established by the collective identity and will of its members. Contrary to a formal structure, which is based on duties and responsibilities, an organization's operation is actually known as an informal organization.
Independent of their positions and hierarchies, employees connect or communicate with one another to form informal organizations. It operates side by side with a formal organization.
A Formal Organization Differs From An Informal Organization
A formal organization is purposefully produced by management, as opposed to an informal organization, which is created haphazardly by individuals.
While informal groups are unstable, formal organizations are long-lasting and stable.
To learn More about Informal organization from the given link.
brainly.com/question/5923201
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The word is called Broadcasting.
