Answer:
It is very difficult to record T accounts since there is not a lot of room here and things get complicated very easily. So I used an excel spreadsheet to post the accounts on an accounting equation format.
Assets increase when they are debited and they decrease when they are credited. The opposite happens to liabilities and equity, they increase when they are credited and decrease when they are debited. Service revenue is credited, while all expenses are debited.
The reason why the drawings account has a negative balance is that even though it is an equity account, it has a debit balance since it decreases capital.
In order for the equation to balance, you have to close the accounts, but that was not a requirement of the question.
What liabilities does the business have after all transactions have been recorded?
the only liability account is accounts payable with a credit balance of $24,700
Answer:
An entrepreneur wants to start a new business. Her most important priorities are having full control over her company and keeping all the profits for herself. Which type of business would best suit her needs?
---> Sole proprietorship
Explanation:
for who has this different question
The answer you are looking for is going to the benefit period. hope that helped
Answer:
A. 4500kgs
B. 15.4orders
(c)
The order size should be the economic order quantity which is computed as:
Q = (2.d.K / h)1/2 = sqrt(2*9000*20 / 0.03) = 3464.1 kg
(d)
If Q = 3000 kg,
Total cost of ordering + carrying = (12d/Q) * K + (Q/2) *12h = (12*9000/3000)*20 + (3000/2)*0.03*12 = $1,260
(e)
If Q = EOQ = 3464.1 kg
Total cost of ordering + carrying = (12d/Q) * K + (Q/2) *12h = (12*9000/3464.1)*20 + (3464.1/2)*0.03*12 = $1,247.1
(f)
If Q = 6,500 kg,
Total cost of ordering + carrying = (12d/Q) * K + (Q/2) *12h = (12*9000/6500)*20 + (6500/2)*0.03*12 = $1,502.3
(g)
If Q = 20,000 kg,
Total cost of ordering + carrying = (12d/Q) * K + (Q/2) *12h = (12*9000/20,000)*20 + (20,000/2)*0.03*12 = $3,708
So, per kg cost = 3708 / (9000*12) = $0.034
Explanation:
Answer:
Sales presentation
Explanation:
The sales person of Jel Sert company is conducting a sales presentation to the customers.
Sales presentation is a method of persuading customers to purchase a product. It can also be called "sales pitch".
It is a marketing technique in which a salesperson make attempt to ensure that Customers buy a goods or services.
Sales presentation can be used to introduce new product in the market to the customers. It enhances the awareness of the customers about a product.
The salesperson gives the details about a product, how the product works, what the product is used for and the uniqueness of the product.
Sales pitch or presentation could either be formal or non-formal.
