Answer:
The answer is $5000
Explanation:
total change in MS =change in MB×MM
Money multiplier = 1/0.2= 5
Therefore total change = 1000* 5= $5000
Answer:
C. Finished Goods Inventory account is credited.
Explanation:
In a perpetual system of inventory; which can be defined as a method of financial accounting, that involves the updating informations about an inventory on a continuous basis (in real-time) as the sales or purchases are being made by the customers, through the use of enterprise management software applications and a digitized point-of-sale equipment.
Under a perpetual system of inventory, updates of the journal entry for cost of goods sold or received would include debiting accounts receivable and crediting sales immediately as it is being made and Finished Goods Inventory account is also credited. The advantage of the perpetual system of inventory over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, theft etc.
Hence, when completed units are sold, Finished Goods Inventory account is credited.
Answer:
Part 1:
Account Debit Credit
Salary Expense $9,000
Salary Payable $9,000
Part 2:
Account Debit Credit
Salary Expense $12,000
Salary Payable $12,000
Explanation:
Part 1:
Wednesday (3rd day of the week)
Salary of week =$15,000
Salary of each day=$15,000/5
Salary of each day=$3,000
Salary on Wednesday=$3,000*3
Salary on Wednesday=$9,000
Journal Entry:
Account Debit Credit
Salary Expense $9,000
Salary Payable $9,000
Part 2:
Salary of week =$15,000
Salary of each day=$15,000/5
Salary of each day=$3,000
Salary on Wednesday=$3,000*4
Salary on Wednesday=$12,000
Journal Entry:
Account Debit Credit
Salary Expense $12,000
Salary Payable $12,000
In a split offering, we see that a) shares are issued from the corporation and sold by existing shareholders.
<h3>What is a split offering?</h3>
A split offering is a type of stock issuance that involves the issuing of new stock and existing stock that it is in the market already. This is why it is called a split offering - one side of the offering comes from the corporation, and the other comes from the existing shareholders.
With a split offering, the seller will be existing shareholders and not the company. This means that the corporation that issues the shares, will then cooperate with existing shareholders who will then be the ones to sell the shares.
Find out more on stock offerings at brainly.com/question/13049425.
#SPJ1
