Answer:
Explanation:
1. Posting Transferring amounts from the journal to the ledger
2. Account A detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period
3. Debit Left side of a T-account
4. Journal A record of transactions in date order
5. Charts of accounts A list of all accounts with their account number
6. Trial balance A list of all accounts with their balances at a point in time
7. Normal balance Side of an account where increases are recorded
8. Ledger A journal entry that is characterized by having multiple debits and/or multiple credits
9. Credit Right side of a T-account
10. Compound journal entry The record-holding all the accounts of a business, the changes in those accounts, and their balances
Answer:
40%
Explanation:
Calculation to determine what percentage is assigned to Cost of Goods Sold
Using this formula
Cost of Goods Sold percentage=
Cost of Goods Sold /Net Sales
Let plug in the formula
Cost of Goods Sold percentage=$120/$300*100
Cost of Goods Sold percentage=0.40*100
Cost of Goods Sold percentage=40%
Therefore the percentage assigned to Cost of Goods Sold is 40%
BANKS HAVE REDUCED INTRESTS RATES IS THE AWNSER
Answer: d. Liza faces economies of scale; Sam faces diseconomies of scale; Tina faces constant returns to scale
Explanation:
Economies of scale occurs when the increase in production by companies brings about a reduction in cost. Diseconomies of scale is when a rise in production leads to an increase in cost as well. For a constant return to scale, the cost remains the same.
Therefore, the answer will be option D "Liza faces economies of scale; Sam faces diseconomies of scale; Tina faces constant returns to scale".
