Answer:
$140,000
Explanation:
$150,000-$10,000= $140,000
Answer:
The correct option is A,debit salaries expense $9,900.00 and credit salaries payable $9,900.00
Explanation:
As at 31st December, which was a Wednesday, the company would have incurred salaries for three days i.e Monday-Wednesday.
If each day costs $3,300.00 in salaries ,hence three days would cost $9.900.00(3*$3,300.00) in total.
Since amount of salaries owed is $9,900.00, an entry has to passed in salaries payable account to show that the business has an obligation of $9,900.00 to settle by crediting salaries payable account and the corresponding debit entry would be in salaries expense account in order to recognize costs.
The answer is C) Both A and B
When a town issues bonds, it is issuing an IOU with interest, usually to help fund projects (such as roads or bridges) or to provide a public service.
Keep in mind that the town is saving money for residents only if it is the residents of the town who purchase the bonds. These bonds enable the residents to earn a return on their savings, since they are entitled to be paid back by the town with interest at a predetermined date.
Answer:
Physical volume; current dollar value
Explanation:
Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.
Real GDP is GDP adjusted for inflation. It calculates physical volume. It is calculated using base year prices.
Nominal GDP is GDP calculated using current year prices.
I hope my answer helps you
Answer:
e. $22,000
Explanation:
The computation of the beginning inventory is shown below:
We know that,
Opening inventory + Purchase - Purchase Discounts - Purchase Returns and Allowances + freight in + Gross profit = Sales - sales return - sales discount + ending inventory
Opening inventory + $245,000 - $4,000 - $8,000 + $7,000 + $75,000 = $317,000 - $9,000 - $1,000 + $30,000
Opening inventory + $315,000 = $337,000
So, the opening inventory equals to
= $22,000
