Answer:
The options are not correct:
Dr costs of good sold $15,800
Cr inventory $15,800
Explanation:
The 4,400 units sold consist of the 2,400 units purchased on 1 January at $4.00 per unit and the balance of 2,000 units from the purchase made on January 12 at $3.10 per unit
cost of goods sold=(2,400*$4)+(2,000*$3.10)=$15,800
The cost of goods sold is $15,800 ,neither is it $11,900 nor $11,800
The appropriate entries is to debit costs of good sold with $15,800 while merchandise inventory is credited with $15,800
Answer:
The correct answer would be D, Sheila's parents will qualify for a Plus loan because of their low income.
Explanation:
PLUS loan stands for Parents Loan for Undergraduate Students. It is the loan given to the parents of the students who are graduating with the college. It can be a post secondary loan. This loan is given to the students who cannot afford to meet the expenses of their studies as well as of other activities like books, notes, handouts etc. This loan is given to the parents of the students who have low incomes and can't afford to finance their child's education.
Answer:
The Guidelines for how votes are counted and who can vote is a rule, it is backed up by the constitution as a way of directing the masses.
Choosing to campaign in states with a large number of electoral votes or so called swing states is a strategy, this involves coming up with the best approach or means to win in an election. Going to such states is a big strategy towards securing victory.
Emphasizing different messages to different voter groups is another strategy, this entails telling each of the people things that are their most needs in a bid to convince them to vote for you. It is a strategy that has always worked.
Securing endorsements and large campaign contributions is a payoff, it is an aftermath of popular acceptance by the people.
Limits on sources of fundraising and campaign contributions is a rule established by the states to encourage fair play in the electoral system or process.
Explanation:
see Answer
Answer:
Merchant wholesaler
Explanation:
A merchant wholesaler is a business owner that specializes in purchasing goods in large quantities and then sell to other retailers and wholesalers.
Since they purchase their products in large quantities, they have different warehouses in their acquisition. These warehouses are used to store the products.
Merchant wholesalers are very vital in the chain of distribution as they facilitate the smooth movement of goods which takes places between the producers and the retailers.
In the scenario described above, W.W. Grainger is an example of a merchant wholesaler.
Answer:
c. will earn zero economic profits but positive accounting profits
Explanation:
A competitive industry is characterised by many buyers and sellers of homogenous goods and services.
There are no barriers to entry and exit of firms. If firms in a competitive industry earn economic profit in the short run, firms enter into the industry in the long run and economic profit falls to zero.
A competitive firm earns accounting profit but doesn't earn economic profit.
Accounting profit = Revenue - Cost
Economic profit = Accounting profit - Opportunity cost
I hope my answer helps you.
