The financial statement effects template records Lowe's purchases for the fiscal year ended February 28, 2019 as follows:
Transaction Assets = Liabilities + Equity
Purchases $0 + $49,569 = $49,569 + $0
Inventory Accounts Payable
The accounts equally affected by the purchases on account are the Inventory and the Accounts Payable.
Data Analysis:
Merchandise Inventory $49,569 Accounts Payable $49,569
Thus, with the purchases of merchandise during the fiscal year at a cost of $49,569, the Assets (inventory) and Liabilities (accounts payable) are increased by the same amount.
Related question on the financial statement effects at brainly.com/question/16362041
Answer:
A. 300
Explanation:
The computation of the economic order quantity is shown below:
= 
where,
Annual demand = 600 bottles × 50 weeks = 30,000 bottles
Carrying cost per bottle = $50 × 40% = $20
And, the ordering cost per order is $30
Now put these values to the above formula
So, the value would equal to
= 
= 300 bottles
Hence, option A is correct
Answer:
The correct answer is letter "E": Derived demand.
Explanation:
Derived demand implies the quantity requested to manufacture a good is directly related to the supply requested from the market. If the demand for the good increases, it means the quantity of the materials needed to manufacture that good will increase as well.
Sole proprietorship
Partnership
Incorporation
