Answer:
$59.00.
Explanation:
Because it is perpetual method we will check the inventory available at the moment of each sale.
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<u>First sale:</u>
Inventory Available Jan 1st 10 units at $4
sales 6 units COGS $4 = 24
<u>Second Sale:</u>
Inventory Available Jan 1st 4 units at $4 $16
Jan 17th 8 units at $5.5 $44
Total 12 untis at $60 = 60/12 = $5 per unit
sales 7 units COGS $5 = 35
Total COGS 35 + 24 = 59
Answer:
1. quick ratio
Explanation:
Common liquidity ratios include the quick ratio, current ratio, and days sales outstanding. Liquidity ratios determine a company's ability to cover short-term obligations and cash flows, while solvency ratios are concerned with a longer-term ability to pay ongoing debts.
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Answer:
The Jesuits.
Explanation:
The Jesuits are a member of the Society of Jesus, a Roman Catholic order of priests founded by St. Ignatius Loyola, St. Francis Xavier, among others in 1534, to do missionary work. The order was opposed the Reformation. It has retained an important influence in Catholic thought and education, even though it has suffered periodic persecution.
The basic continuity in any human endeavor is found in the goals that it pursues, and in how we cope with the intentions of pursuing them. A society or a profession is recognizably one and the same throughout a long history because its pursuit of a goal is always the same. These goals may be looked at from two points of view, abstract values or as concrete embodiments of those values. The kind of change that we are experiencing today and the sort of adaptation that we are making seem to fall largely into the most profound kind of adaptation, both in the Church and in the Society of Jesus.
to make sure business is conducted safely and fairly
The government creates regulations in order to make sure business is conducted safely and fairly. Without regulation the market would have to auto regolate itself, which is a thing that it does, but the cost of this autoregulations are often too much. The government can help create basic directories to ensure that the trade is safe done.
Answer:
Explanation:
1. The journal entries are shown below:
On December 1
Cash A/c Dr $1,260
To Deferred Service Revenue $1,260
(Being cash is received)
On December 31, 2016
Deferred Service Revenue $420 ($1,260 ÷ 3 months)
To Service revenue $420
(Being service revenue is recorded)
2. Income statement
Earned income from car washing services $420
Balance sheet
Assets
Cash $1,260
Liabilities
Deferred Service Revenue $840 ($1,260 - $420)
