Answer:
The answer would be D) The market clearing price is where quantity demanded is equal to quantity supplied.
Explanation:
Answer:
a. Account receivable and sales are understated.
Adjusting entry :
Accounts Receivable (Dr.) $21,000
Sales Revenue (Cr.) $21,000
b. Interest receivable is understated.
Adjusting Entry :
Interest Receivable (Dr.) $470
Interest Earned (Cr.) $470
c. Account receivable and sales are understated.
Adjusting entry :
Accounts Receivable (Dr.) $1,460
Sales Revenue (Cr.) $1,460
Explanation:
Adjusting entries will be created for the transactions that are not properly recorded or either completely not recorded. In the given case the customer is not billed for the services rendered. This has an impact on the asset account of the company because account receivable are understated.
Answer:
sharing information across the organization.
Explanation:
ERP software systems allow employees accurate and timely access to real time information about the company's areas that they work with. This can optimize how the company operates and increase cooperation between different areas. Also unnecessary operations and delays are eliminated.
Before, salespeople had to continuously check with inventory department about what products were available and ready to be sold, which caused delays and time is money.
Answer:
The world has limited productive resources
More output satisfies More wants
Answer:
correct option is 2) $600 gain
Explanation:
given data
common stock = 500 shares
par value = $25
sold = 100 share
per share = $49.50
solution
we get here first sale proceed of share that is
sale proceed of share = 100 share × $49.50 per share
sale proceed of share amount = $4950
and cost of share will be
cost of share = 100 share × $43.50 per share
cost of share = $4350
so here we get gain on sale of share that is
gain = $4950 - $4350
gain on sale = $600
so correct option is 2) $600 gain
