Marketing strategy, executive summary, situation analysis, controls,financials hope this helps
Answer:
The journal entry should be:
Dr Merchandise Inventory account 50,000
Cr Retained Earnings account 50,000
Explanation:
Since Oscar's merchandise inventory was understated by $50,000 because of the previous inventory method (LIFO), when the new method, FIFO, starts to be used then the merchandise inventory must increase by $50,000 as well as retained earnings.
Merchandise inventory is an asset account and it increases, therefore it should be debited.
Retained earnings is an equity account and it increases, therefore it should be credited.
Answer:
$3000
Explanation:
If a tenant pays an expense usually paid by the taxpayer in place of rent, that expense is considered as part of rental income to the taxpayer.
The income to be included will be: $ 2200 paid as deposit, Plus $ 800 paid for plumbing repairs.
= $2200+$800
=$3000
The new manufacturing plant of BMW vehicles will be engaged in the process of mass production.
<h3>What is mass production?</h3>
The process of production, wherein a large proportion of goods or inventories are produced by a business organization to reduce the costs of production, is known as mass production.
Hence, option B states about mass production. Complete question has been added in the image for reference.
Learn more about mass production here:
brainly.com/question/17725162
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