Answer: The best response is to say something like " I understand that you have had a very frustrating experience with us today. I am very sorry this has happened." and then promptly answer the customer's question.
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Explanation:
Answer:
$5,000
Explanation:
units price total
beginning inventory 600 $4 $2,400
purchase May 900 $5 $4,500
purchase July 500 $6 $3,000
total 2,000 $9,900
ending inventory 900
The first in, first out (FIFO) method considers that the oldest inventory is sold first.
Ending inventory = (500 x $6) + (400 x $5) = $3,000 + $2,000 = $5,000
Answer:
Debt Entries
Cash = 4800
Account Receivable = 2750
Prepaid Insurance = 800
Equipment = 8000
Owner's drawings = 1500
Salaries and wage expenses = 4200
Advertising Expense = 1400
Property tax Revenue = 900
Total Debt = 24350
Credit Entries
Account Payable = 4400
Property tax payable = 560
Owner's Capital = 12700
Service Revenue = 6690
Total Credit = 24350
Answer: The answer is c $1,080 $560
Explanation:
The journal entry will be
Dr: common stock $200 million
Dr: paid in capital $180 million
In the stockholders equity section , the treasury stock is seen as a separate line item in the stockholders equity. The treasury stock will be deducted from the total stockholders equity. The treasury stock is not a part of paid in capital nor part of the retained earning.
Therefore the balance in the paid in capital excess of par Retained Earnings is 1,080 $560
The correct answer would be option C, Socialist System.
Socialist system is another term for a planned economy.
Explanation:
An economic system, in which the economy(including investment, capital and allocation of capital goods) is governed by a predefined economic and production plans, is called as the Planned Economy, socialist economy, or the command economy.
The system of planning in this economic system can either be centralized, decentralized or participatory.
This economic system is regulated by the Government. All decisions about the capital, lands, buildings, machinery, or other resources are taken by the government.
The production, prices, distribution, etc of the products or services are regulated centrally by the government.
Learn more about Planned Economy at:
brainly.com/question/14703586
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