Payable=outcome
receive=Income
Answer:
$65,000
Explanation:
Calculation to determine what The estimated inventory loss due to Hurricane Fred would be
Beginning inventory$170,000
Add Net purchases195,000
Goods available for sale365,000
($170,000+$195,000)
Less: Cost of goods sold (300,000)
($480,000/160%)
Estimated ending inventory$65,000
($365,000-$300,000)
Therefore The estimated inventory loss due to Hurricane Fred would be $65,000
Construction expenditures should be debited when <u>D. The bill is approved for payment.</u>
<u>Explanation:</u>
In the above scenario, Acme Construction Co. submitted bill amount of $1,200,000 on a construction contract. The payment of the bill was approved on May 2. According to the contract, 10% was subject to retention.
This construction expenditure is debited when the bill is approved for payment. Contract includes all the details regarding payment and terms and conditions between the companies or parties.
Once the bill submitted by company is approved, then the retention amount will be automatically debited.
Answer: The secondary source on a topic may be biased because the information is translated and the text and information could be altered
Explanation:
Answer:
The subject line often determines whether an email is opened and how the recipient responds. An email with a blank subject line will likely get deleted, lost, or immediately irritate the recipient, who is forced to open the email to figure out what it's about.
