Answer:
Cost of goods sold = 1,116
Ending inventory = 468
Explanation:
In LIFO (last in first out) method, the goods come in most recently will come out first when it comes to sales transaction. So, 21 units of sales during 2021 includes 12 units purchased at Sep.8 and 9 units of beginning balance:
Cost of goods sold during 2021 = 12 x 54 + 9 x 52 = 1,116.
Ending inventory value for 2021 = 1,584 - 1,116 = 468.
Explanation:
The Journal Entry is given below:-
a. Cash Dr, 8400
Accounts receivable 8400
(Being the Cash received)
b. Supplies Dr, 2500
Office equipment 2500
(Being the reserve entry is recorded)
Supplies Dr, 2500
Accounts payable 2500
(Being the supply is purchased)
For a monopolist b. price is above marginal revenue.
<h3>What Is Marginal Revenue? </h3>
Marginal revenue can be regarded as increase in revenue which is been gotten from the sale of one additional unit of output.
As a monopolist that is the the only seller in the market, then their marginal revenue is usually above price because they don't have a competitor that is close enough.
Read more on Marginal Revenue here:
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Answer:
Vendor analysis
Explanation:
Organizational Buying Process
This is simply refered to as the decision making process where organizations state the need for purchased products and services and thereafter identify or evaluate to choose among them. There are 3 influences purchase type. They includes: structural and behavioral.
Vendor analysis in organizations buying influence is simply known as the behavioral needs of the buyer.
ethical conflicts may sometimes arise in buyer-supplier relationships. This can help the buying organization to manage spending
Vendor Analysis
This is simply refered to as a formal rating of suppliers on all important areas of performance.
The usual goal of a vendor analysis is to lower the total costs of a purchase.
The steps in Organizational buying process. They includes:
1. Recognize the product needed
2. Vendor analysis
3. Purchase decision
4. Post purchase evaluation.
Answer:
par value of the shares issued.
Explanation:
In the case when the corporation issued the capital stock with regard to the service payment so the least & appropriate basis for recording the above transaction would be the par value of the shares issued as it would leads to the excess payment
Therefore according to the given situation the last option is right
