The existence of inventory distinguishes a merchandising firm from a service-based one as their main distinction. Unlike service-based firms, which do not sell things to customers, retail enterprises do. This distinction must be reflected in the financial statements of the companies, including the income statements.
A company that buys products and then exchanges them, typically at a higher cost than they were bought, is known as a merchant.
A service enterprise is an organization that uses volunteers and their skills to further its social mission in a broad sense. It doesn't just recruit volunteers; it works with a volunteerism culture.
A company that buys products and then exchanges them, typically at a higher cost than they were bought, is known as a merchant.
A service enterprise is an organization that uses volunteers and their skills to further its social mission in a broad sense. It doesn't just recruit volunteers; it works with a volunteerism culture.
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Answer:
A debit to Depreciation Expense
A credit to Accumulated Depreciation
Depreciation Expense $2000
Accumulated Depreciation $2000
Explanation:
The purpose of depreciation is to achieve the matching principle of accounting. That is, a company is attempting to match the historical cost of a productive asset to the revenues earned from using the asset. It is difficult to precisely match the contribution of the asset to a company's revenues, so the asset cost is designated to the years in which the asset is used.
The accounting entry is:
A debit to Depreciation Expense
A credit to Accumulated Depreciation
Depreciation Expense $2000
Accumulated Depreciation $2000
This would be an example of an negative.
I'm not 100% sure if that's what you're looking for?
But the waste from the steel factor is killing the fish, so it's definitely a negative impact.
Answer: 16.5%
Explanation:
Following the information given in the question, the simple rate of return on the proposed investment will be calculated thus:
= Annual cash flow / Initial investment
= $54,450 / $330,000
= 0.165
= 16.5%
Therefore, the simple rate of return on the proposed investment is 16.5%.
Answer:
$1.56, $1.56
Explanation:
Break-even point on a Put option is the Net of premium cost. Your exercise price is $1.60, it includes the premium price paid to the seller. The break-even point for the will be $1.56 ( $1.60 - $0.04 ) and for the seller it will also be $1.56 because there is no transaction cost is involved and the premium received is an income for him.