Answer:
$5,000= ending inventory
Explanation:
Giving the following information:
Gross margin is normally 40% of sales.
Sales= $25,000
beginning inventory= $2,500
purchases= $17,500
First, we need to determine the cost of goods sold:
COGS= 25,000*0.6= 15,000
Now, using the following formula, we can calculate the ending inventory:
COGS= beginning inventory + cost of goods purchased - ending inventory
15,000= 2,500 + 17,500 - ending inventory
5,000= ending inventory
The answer is when global demand for exclusive and private-label footwear is so far under global plant volume that it will be intolerable for most all companies to cost-effectively operate their plants at full volume for many years to come. If the prediction shows that global demand is far under global volume, then it isn't conceivable for everyone to sell everything. In this circumstance the most liquid and solvent company will appear ahead, maybe a company could hold onto volume and ferociously hold onto market share.
<span>The answer is changes in the money supply</span>
Answer: (A) Corporation
Explanation:
According to the given question, school is collaborating with one of the publishing firm and the we considered the publishing company as s school's corporation partner.
Corporation is the term which is refers to the legal type of entity where the shareholders manage all the operation and function of the company.
The importance of the corporation partnership is that it is basically providing the various types of benefits and also the common values and the goals in an organization.
Therefore, Option (A) is correct answer.
Answer:
D
Explanation:
Repairs shouldn’t be recorded to the equipment (asset) account but should be recorded as an expense instead.