Answer:
Dr Retained earnings $14,000
Cr Inventory $14,000
Explanation:
There is a need to make adjustment to the inventory . Therefore,
Adjusted inventory
= New method of $171,000 - Old method of $185,000
= $14,000 decrease
It is to be noted that a lower inventory will have high costs associated with goods sold hence reduces profit/net income for the previous year by $14,000.
Also, the net income reports to retained earnings account hence decreases retained earnings.
Having made the above adjustment, we can assume that the average cost method was used for 2020 books.
When Mrs. Watson refuses to hire a person because of their nationality, religion or race is an example of discrimination, also happens when someone treats someone else in a way that is harmful, because of the difference in political ideas, sexual orientation or gender.
Answer:
The correct answer to the following question is option D) all of the listed answers are correct .
Explanation:
ROI ( which is know as return on investment ) is a tool which can be used to manage a client's campaign by helping him in determining what would be the optimal budget for him, how would a client optimize its advertisement texts and the keywords. The ROI here would be used to measure conversion and through this conversion tracking tool would help in determining profitability in advertisement or keywords.
Answer:
Instructions are below.
Explanation:
We weren't provided with enough information to answer the request. <u>But, I will give an example and formulas to guide an answer.</u>
<u>For example:</u>
Production in units:
May=20,000
June= 22,000
Beginning inventory of direct materials= 8,000
<u>To calculate the purchase for May, we need to use the following formula:</u>
Purchases= production + desired ending inventory - beginning inventory
Purchases= 20,000*7 + (22,000*7)*0.29 - 8,000
Purchases= 176,660 pounds
