Answer:
A) The balance in ending inventory would be $7.00.
Explanation:
FIFO Perpetual chart is attached.
FIFO Perpetual chart shows purchases , sales and balance of each period. We must see final situation to know which is the final inventory balance.
The balance at the end of March is
Units Unit Cost Total
1 7 $7,00
Total=$7.00
Answer:
B. has no effect on total assets.
Explanation:
Both cash and accounts receivable are assets. When a sale is made on credit, the entries required are debit accounts receivable and credit revenue.
On receipt of cash, debit cash and credit accounts receivable.
Hence the collection of a $1,000 Accounts Receivable will have no effect on total assets as one asset was credited ( a reduction) while the other was debited(an increase) by the same amount.
Answer:
The correct answer is option C.
Explanation:
Dollar bills in the modern economy will be used as money because they serve as a medium of exchange, store of value, and unit of account. They have no independent value as a commodity apart from these uses.
This makes the exchange function of money easier. People will not hoard dollar bills for other purposes as it has no intrinsic value on its own. It is just a piece of paper.
Unethical behavior is behavior that is not considered normal, respectful, and ethical. Behavior such as cursing in public, performing inappropriate actions in public, or disturbing the peace is considered unethical. There are set norms in our society that you must follow like not shouting “d*mn in front of your mother of something similar.
The correct answer is B; Specialty store.
Further Explanation:
Since the client hired a pet industry consultant you can guess that the store is about pets. The market analysis and trend report will show how much stores with pet supplies makes per month/year.
The client is opening their first store and will not want to open a superstore right out of the gate. Since they will not be known to many and it is worded like it an individual opening the store by themselves.
A category killer store is a like a franchise or chain store. For example, a Home Depot or PetSmart. The client will not want to do this either since it takes a lot of capital and lengthy process to achieve.
The client will want to go with a specialty store to build up a customer base and focus on the items they want to bring to new customers. A specialty store will bring in the clientele that they are targeting. The specialty store will have items that larger stores do not have and can carry homemade items also.
Learn more about specialty stores at brainly.com/question/11950122
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