Answer:
<u>Martha’s Quilt Shop’s gross margin for March is = $50000.
</u>
Explanation:
Gross margin = Sales revenues- Cost of goods sold
= ($500 per unit*250 units)- ($300 per unit*250 units)
= $125000-$75000
= $50000
Answer: An apprenticeship
Explanation: Pretty sure that other person had a stroke
The answer is $52,000 my friend.
Answer:
a. To increase Land - Debit
b. To decrease Cash - Credit
c. To increase Fees Earned (Revenues) - Credit
d. To increase Office Expense - Debit
e. To decrease Unearned Revenue - Debit
f. To decrease Prepaid Rent - Credit
g. To increase Notes Payable - Credit
h. To decrease Accounts Receivable - Credit
i. To increase Common Stock - Credit
j. To increase Store Equipment - Debit
Explanation:
Debit gives details of spending, sum owed , amount to balance which is usually recorded to the left side of an account entry book while credit gives the details of income, amount earned or made on sale, spending cut and revenue and is usually placed to the right hand column of an account entry.
Due to scarcity. There exist unlimited wants but only scarce amount of resources to meet those wants so items must be allocated through a system of prices or through exchange.
