Answer: Credit
When a person who will give out a loan such as an auto loan sees a bankruptcy on a person’s record, it makes them think that the person is irresponsible or at least not competent in their financial abilities.
Answer:
Dr Retained earnings $14,000
Cr Inventory $14,000
Explanation:
There is a need to make adjustment to the inventory . Therefore,
Adjusted inventory
= New method of $171,000 - Old method of $185,000
= $14,000 decrease
It is to be noted that a lower inventory will have high costs associated with goods sold hence reduces profit/net income for the previous year by $14,000.
Also, the net income reports to retained earnings account hence decreases retained earnings.
Having made the above adjustment, we can assume that the average cost method was used for 2020 books.
Answer:
D, product-communication adaptation
Explanation:
Product adaptation can be defined as the process of modifying a product to make it useful for a variety of users.
Communication adaptation can also be defined as the change in a product's communication as a result of a change in product strategy.
Product-communication adaptation can be defined as the modification of a product for a variety of users but ensuring that the marketing of the product is through standard communication channels.
In the case of Campbell adapted his product to look like M'm M'm Good product but ensured that he used a standard communication channel (ads) to market his product.
Cheers.
Answer:
D. A smaller chance to pursue other interest.
Explanation:
Opprotunity cost is when you give up something to gain something else. So by joining the school choir you are giving up the opprotunity to pursue another elective such as Art or Science club.
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