Answer and Explanation:
The journal entries that are required to adjust merchandise inventory is given below:
Income Summary $121,000
To Inventory $121,000
(Being eliminate Beginning inventory balance is recorded)
Inventory $116,500
To Income Summary $116,500
(Being the cost of ending inventory is recorded)
These two entries should be recorded for adjusting merchandise inventory
Effective management theories can be the basis of a success in a business. ... It is thus the duty of managers to plan, organize, lead and control the various functional areas with the aim of ensuring that the entire organization moves towards the same organization
Mark me as brainliest
Answer:
D. bundling the goods
Explanation:
The company in this case is being discreet to the needs of its consumers.
Inorder to kill two birds with one stone; meaning to meet their consumers value for good X and Y they could make more profits by selling them together as a package.
By doing so both Catherine and Ben would purchase same package, reducing the costs of producing separate products for the company.
Answer:
B) risen 25 percent.
Explanation:
The inflation rate is the rate at which overall prices are increasing in the economy in a period. It is expressed as a CPI value.
Given CPI for different periods, inflation can be calculated using the formula below.
Inflation =<u> new CPI - old CPI</u> x 100
old CPI
In the case
The inflation rate will be <u>150- 120</u> x 100
120
=30/120 x 100
=25%
Question : What is sustainable growth Rate
Answer:
Sustainable growth Rate = 1.69 %
Explanation:
Sustainable growth Rate = Return on Equity x Retention Rate
Where Return on Equity = Asset Utilization Rate x Profitability Rate x Financial Utilization Rate
Asset Utilization Rate= Total Sales/Total Assets
= 20,700/46,260 = 0.45
Profitability Rate = Net Income/ Total Assets
= 4,940/46,260 = 0.11
Financial Utilization Rate = total debt/ Total equity
= 16,780/ 29,480 = 0.57
Return on Equity = 0.45 x 0.11 x 0.57
=0.028
Retention Rate = 1- dividend pay out ratio
= 1-0.40
= 0.60
Sustainable growth Rate = 0.028 x 0.60
= 1.69 %