Answer:
Under FIFO the ending inventory will be $110
Explanation:
The FIFO or the first in first out method of inventory valuation assumes that the units that are purchased or bought in first are the ones to be sold first and the ending inventory will include inventory purchased recently.
The sale made on March 11 will include:
20 units at $2 from March 1 = $40
5 units at $3 from March 7 = $15
Thus the ending inventory will be formed by:
(15-5) units at $3 from March 7 = $30
20 units at $4 from March 12 = $80
Total value of ending inventory = 30+80 = $110
You can advertise your business to inform people.
Answer:
debit to Bad Debts Expense and credit to Allowance for Doubtful Accounts
Explanation:
The journal entry needed to record the adjusting entry by using the allowance method is given below:
Bad debt expense
To Allowance for doubtful debts
(Being bad debt expense is recorded)
Here the bad debt expense is debited as it increased the expense and credit the allowance as it decreased the assets
The level of social ecology model that the health behavior
is operating is in the societal level in which this is responsible of affecting
or influencing people in the economy, the social policies of which the
companies is considered to be a part of.
Answer:
Return on investment = 50%
Explanation:
Return on Investment is the proportion of investment cost that an investor earns as as return in dollar
For a mutual fund= total return in dollar/investment cost
= (48-32)× 500/(500× 32) × 100
=50%
<em>Note that the gains in dollar is the difference between the selling price at the end and the selling price at the beginnin</em>g.
