Answer:
D. $4,000 increase
Explanation:
Net Income = Sales revenue - Variable costs - Special costs (for executing this order)
15 X 3,000 - 12 X 3,000 - 1 X 3,000
Or, Net Income = 30,000 - 24,000 - 2,000
Or, Net Income = 4,000
Thus, option D is the correct answer.
Answer:
Db Accounts Payable or Cash____900
Cr Inventory account__________________900
Explanation:
The journal entry would be: If merchandise is returned to a supplier, a debit is made to Accounts Payable or Cash, and a credit is made to the Inventory account.
Answer:
Dr Cash 11,000
Dr Accumulated Depreciation-Equipment 20,000
Equipment 31,000
Explanation:
Preparation of the Journal entry to record the disposition of the equipment
Since we were told that Lewis Company sold
the equipment for the amount of $11,000 in which the Accumulated Depreciation on the equipment to the date of disposal was the amount of $20,000 this means the journal entry to record the disposition of the equipment will be :
Dr Cash 11,000
Dr Accumulated Depreciation-Equipment 20,000
Equipment 31,000
(20,000+11,000)
Answer:
The blanks anwers are below
Explanation:
Kindly consider blanks in order:
Payout policy
Repurchasing
Maximize
Payout
Rise/Increase
Decline
Decrease
Sustainaible
maximizes
Some blanks may not match. The answers are correct although.
Bride wealth or bride price
