Answer:
$1,200
Explanation:
Calculation to determine what the amount of ending inventory appearing on the balance sheet will be:
First step is to determine the units in ending inventory
Units in ending inventory=500 units + 600 units – 800 units sold
Units in ending inventory= 300
Now let determine the Ending inventory
Ending inventory=300 units x $4.00
Ending inventory = $1,200
Therefore the amount of ending inventory appearing on the balance sheet will be:$1,200
Answer:
B) liabilities.
Explanation:
When the payment is received from the customer before performing the services is known as unearned service revenue
The journal entry is
Cash A/c Dr XXXXX
To Unearned Service revenue A/c XXXXX
(Being advance payment is received)
We simply debited the cash account as cash is received and credited the respective account i.e unearned service revenue
Answer:
it is representative of the characteristic of
D) reliability.
Explanation:
One of the key issues is the reliability of the decisions made. This is a problem that is often overlooked due to the large increase in the amount of data processed by those systems, forcing designers to focus on the efficiency of the systems.
Answer: $610 million
Explanation:
M1 includes currency in circulation, checkable bank deposits and traveler's checks.
M1 = $100 million + $500 million + $10 million = $610 million
Savings deposits is part of M2
