Answer:
I have 3 statements
Explanation:
The characteristics of oral narrations are as follows.
1) They can be real or imaginary.
2) They are structured in dialogue, monolog and paragraph.
3) It is written in past tense
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Answer:
The answer is D. owner's equity, debit balance
Explanation:
Drawing is the money or goods taken out from business by its owner. This act is usually common in partnership or sole proprietorship.
A drawing is not an expense, rather it is a reduction in owner's equity.
To credit owner's equity means to increase its equity and to debit owner's equity means to decrease or reduce its equity.
Since, drawing is a reduction in owner's equity, we debit owner's equity making option D. the correct answer.
Option A and B are wrong because drawings are not classified as an expense.
Option C is also wrong because a drawing is never a liability.
Just like the casual phone with memory strip and a crop base and all other parts
Answer:
$240 Favorable
Explanation:
Cost as per standard
Fixed per month = $3,320
Per frame = $16
Cost for 1049 frames = $3,320 + ($16
1049)
= $3,320 + $16,784 = $20,104
Actual Supplies cost = $19,864
Spending Variance = Standard Cost - Actual Cost
Spending Variance = $20,104 - $19,864 = $240 Favorable
As we see actual cost is less than standard the variance is favorable.
$240 Favorable
Answer:
False
Explanation:
Forward Vertical Integration occurs when a company acquires one of its suppliers.
In this case, we do not have an example of forward vertical integration because the owner of the jewerly store did not purchase the supplier: the diamond brokerage firm. He instead opted to start his own brokerage firm.
The case in the question is an example of forward vertical integration, that occurs when a company moves along the supply chain by starting its own subsidiares instead of buying existing ones.