1. Using a perpetual inventory system, the entry to record the sale for Walmart includes a debit to the <u>Cash account</u><u> </u>and a credit to the <u>Sales Revenue account</u> for $250.
2. The entry to record the cost of the sale under the perpetual inventory system includes a debit to the <u>cost of goods sold</u> and a credit to <u>Inventory</u> for $100.
<h3>What is the perpetual inventory system?</h3>
The perpetual inventory system can be differentiated from the periodic inventory system by the fact that perpetual inventory continuously updates the inventory value without relying on the physical inventory count.
Under this system, the cost of goods sold is <u>debited</u> and the inventory account is <u>credited</u>.
Learn more about the perpetual inventory system at brainly.com/question/25014592
Answer:
C) 9.00; 8.92
Explanation:
The arithmetic rate of return is given by:

The geometric rate of return is given by:
![R_{G} = (\sqrt[4]{(1.11*1.03*1.08*1.14)} -1) *100 \%\\R_{G} = (1.0892-1) *100 \%\\R_{G} = 8.92](https://tex.z-dn.net/?f=R_%7BG%7D%20%3D%20%20%28%5Csqrt%5B4%5D%7B%281.11%2A1.03%2A1.08%2A1.14%29%7D%20-1%29%20%2A100%20%5C%25%5C%5CR_%7BG%7D%20%3D%20%20%281.0892-1%29%20%2A100%20%5C%25%5C%5CR_%7BG%7D%20%3D%20%208.92)
Therefore, the arithmetic rate of return is 9.00 percent and the geometric rate of return is 8.92 percent
The answer is C) 9.00; 8.92.
Answer:
$ $
Net Income (137000*30%) (a) 41,100
Add:
Unrealized gains in the beginning inventory 40,000
Unrealized gains at the end of the year 25,000
Difference 15,000
(NCI in Unrealized gain (15,000*30%) (b) 4,500
Non-controlling interest's share of Devin's net income for 2012 ($41,100+$4,500) 45,600
Non-controlling interest's share of Devin's net income for 2012= $45,600
Explanation:
Answer:
The correct answer is A. The time value of money.
Explanation:
In economic theory, the temporary value of money is intended to represent the idea that a dollar of today is worth more than a dollar of the future, even after adjusting for inflation, because a dollar can now generate interest or other returns up to moment in which the dollar of the future is received. This theory is based on the calculation of present or current value.