Answer:
no impact
Explanation:
The journal entry to purchase the supplies for cash
Supplies Dr $ 1,300
To Cash A/c $ 1,300
(Being the purchase of supplies is recorded)
For recording this we debited the supplies as it increased the assets and credited the cash as it decreased the assets
Therefore there is no impact on the accounting equation
C. Limited
If you have a small amount of product/resources that means that it is rare, and therefore more valuable.
For example, in the U.S. economy, there is a limited amount of currency, and that is what makes the currency valuable.
Or the better example, in a game like Minecraft, the resource "diamond ore," is only worth value to the player because it is a Limited resource, and it does not spawn often.
Hope this helps!
Answer:
The US dollar is worth more value than INR.
Explanation:
The US dollar is worth more value than INR under flexible exchange rate system, quantity of dollar supplied exeed the quantity of dollar demanded. There are multiple factors which affect the valuation of currency. One of the factor is purchasing power parity, as it show the strength of domestic economy. Inflation is another factor affecting the currency of the nation, higher inflation rate lead the value of currency go down.
Answer: I believe it is Corporate Culture, B.
Explanation:
Answer: Cost of goods sold = $62500
Explanation:
Given that,
Sales revenue = $183,000
Ending inventory = $12,600
Beginning inventory = $15,600
purchases = $64,000
purchases discounts = $4,000
purchase returns and allowances = $1,500
freight-in = $1,000
freight-out = $500
Cost of goods sold = Beginning inventory + purchases - purchases discounts - purchase returns and allowances + freight-in - Ending inventory
= $15,600 + $64,000 - $4,000 - $1,500 + $1,000 - $12,600
= $62500
