<u>Given:</u>
Total assets before journalizing and posting the adjusting = $128,800
Expired insurance = $800
Expired rent = $2,400
Depreciation = $900
<u>To find:</u>
Total assets after journalizing and posting the adjusting
<u>Solution:</u>
To determine the value of the total assets after journalizing and posting the adjustment, we have to subtract all the given values i.e, the expired rent, expired insurance and the depreciation values from the total assets before journalizing and posting the adjusting.
The calculation is as follows,
Total assets after journalizing and posting the adjusting
Therefore, the required value of the total assets after journalizing and posting the adjusting is $124,700.
Answer:
B. The lessor does not have the right to stop delivery in transit due to the lessee's breach of the lease agreement; instead, the lessor must deliver the goods to the lessee in spite of the breach, and then sue the lessee for damages.
Explanation:
During the transit of goods, if the lessor learns of a breach of the lease agreement, he has every right to stop the delivery of the goods in transit by notifying the goods carrier or bailee. Since the carrier of the goods reports directly to the lessor, once he receives instructions from the lessor to stop delivery of goods, and he still has sufficient time, the delivery should be stopped.
Once the goods are reclaimed, the lessor can then decide to sue to recover damages. He can also, decide to cancel the contract at that point
Answer:
the cost of the merchandise sold for November if the company uses LIFO is c. $590
Explanation:
LIFO Inventory System sells the Inventory recently acquired first followed by the Older Inventory Acquired.
<u>Cost of the merchandise sold for November - Calculation</u>
November 4 : 10 units × $19 =$190
November 17 : 20 units × $20 =$400
Total =$590
General technological advance is most likely to cause the production possibilities frontier to shift outward from a to b.
Technology has always been vital for organisations, but in recent years, that importance has increased significantly. By definition, technology is the practical application of scientific knowledge, and it is obvious that in order for businesses to remain competitive, they must adopt new technologies. The importance of new technology for organisations can be attributed to a number of factors. First, firms can improve their production and efficiency by utilising modern technologies. This is so that workers may concentrate on other duties because new technologies sometimes automate operations that were previously performed manually. Additionally, by lowering their dependency on costly manual labour, new technology can assist firms in saving money. Finally, firms can frequently access new markets and clients thanks to new technologies.
Learn more about technological advance here:
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Answer:
fixed position layout
Explanation:
According to my research on different manufacturing techniques, I can say that based on the information provided within the question the best type of layout for this scenario would be a fixed position layout. This is a layout in which all the personnel, supplies, and equipment are transported to the location of where the product will be created or assembled. This is done in many situations where the product is too big and will cause more trouble by transporting it to it's destination intact, as is the case in this scenario.
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