Answer:
c. $6,076
Explanation:
Calculation for what Alison should record the purchase
Purchase=$6,200 ×(100%-2%)
Purchase=$6,200 ×98%
Purchase=$6,076
Therefore if Alison uses the net method to record purchases she should record the purchase at:$6,076
Answer:
$133,000
Explanation:
We can find Pete's total contribution to GDP by adding up the following numbers:
$87,000 worth of pizzas - because finished goods are part of GDP
$39,000 paid to employees - because wages are part of GDP
$5,000 paid in taxes - taxes are part of GDP because they are government revenue
$2,000 of inventories at the end of year - end-of-year inventories are included in GDP
Therefore: $87,000 + $39,000 + $5,000 + $2,000 = $133,000
the $11,000 worth of ingredients are not included in GDP because GDP only accounts for finished goods and services.
Answer:
The correct answer is letter "C": Work in Process Inventory.
Explanation:
Work in Process Inventory is an asset in the company's Balance Sheet. It represents the accumulated cost of unfinished goods that are currently in the manufacturing process. Companies that manufacture large or customer-made items typically use a work in progress inventory system to record labor, raw material, and overhead.
Answer:
(a) What factors determine a company's total revenue?
Sales.
(b) Do higher lead to increased revenues for a company?
Yes, a <u><em>Lead</em></u> is a person or company that might finally become a client, and drive the sales up.
Answer: No
Explanation: D/E is a solvency ratio. Liquidity ratios are quick and current ratios.
