Answer:
D. Explaining a billing error.
The economy of the United States is in many ways influenced by the principles that are found in the Bill of Rights, the Declaration of Independence and the Constitution. If this was not the case, many aspects of daily life would be different.
For example, the economy of the country rests on the idea that all people are equal. Because of this, all people are allowed to participate in the economy, establishing businesses and buying and selling things. This is an idea that is found in the Declaration of Independence. Another idea found in this document is that people have the right to the pursuit of happiness. Because of this, people are allowed to chase their dreams and to try to obtain money to fund these. Finally, the Constitution establishes that government has limits, and because of this, it cannot interfere in the economy or in markets in any way it wants. All of these characteristics ensure that the economy functions in a way that allows you and others to benefit from it and use it to build your future.
Answer:
Sell before assembly, the company will be better off by $3 per unit
Explanation:
the aim of a firm is to maximise profit. The decision the firm would make would be based on the decision that yields the higher profit
Profit = revenue - cost
Profit that would be earned from selling the unassembled unit = $52 - $24 = $28
Profit that would be earned from selling the assembled unit = $64 - ($15 + $24) = 25
The profit from selling the unassembled product is greater than the profit from selling the assembled product by $3. The firm would prefer to sell the unassembled unit
Answer:
The discount will not affect the net income as no gain is recognize nor expense.
the cash flow statemetn will decrease by 3,960 which is the cash used.
the balance sheet after the series of trasnactions, will show inventory for 3,960
Cash would have decrease by 3,960
No change on equity.
Explanation:
inventory 5,000 debit
accounts payable 5,000 credit
account payable 1,000 debit
inventory 1,000 credit
Account payable 4,000 debit
Inventory 40 credit
Cash 3,960 credit
