When a company obtains a utility bill but will not pay it right away, it should debit utilities expense and credit accounts payable.
The accounting equation, Assets = Liabilities + Owners Equity means that the total assets of the business are all the time equal to the total liabilities plus the total equity of the business. This is true at any time and applies to each matter.
In this case the balance sheet or accounts payable have an increased of $500, and the income statement has a utilities expense of $500. The expense decreases the net income, retained earnings, and therefore owners’ equity in the business.
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Answer:
Forecast sales = 115% x $700 million = $805 million
Inventory = $30.2 million + .25($805 million) = $231.45 million
Inventory turnover = Forecast sales/Inventory
= $805 million/$231.45
= 3,48 times
Explanation:
Inventory turnover is the ratio of sales to inventory. Inventory is $231.45 million while forecast sales is $805 million. The division of sales by inventory gives inventory turnover.
Holding a meeting late on Friday<span> afternoon just before closing an office may create internal noise </span><span>that will interfere with your message. Internal noise </span>are<span> thoughts or emotions that may distract a person to do a task. In this situation, the attendees of the meeting would probably be thinking already of their plan for Friday night; </span>therefore<span> distracting them and creating internal noise.</span>
In the context of european colonization, portugal controlled mozambique and Angola.