Clinton is probably asking himself which information he wishes he knew earlier, and if he made the right decision when weighing opportunity costs.
Answer:
1. Yes; Journal entry
2. Debit- Printing & Stationery Expense $160 (value for 8 boxes)
Credit- Cost of goods sold or Trading account A/c $160
3. Leaves to the cost of goods sold account
Explanation to:
1. Mackalaya used inventory. Remember, inventory is a term used to refer to all the merchandise (goods or products) a company has at the moment in stock.
2. The Journal entry to be made would be
Debit- Printing & Stationery Expense $160 and Credit this value to Cost of goods sold or Trading account A/c section of the Journal entry.
3. Remember, the cost of goods sold cares for all inventory sales, therefore it would be credited with value of the inventory item sold by the company.
Answer:
41.73%
Explanation:
The solution of the capital structure weight of the common stock is provided below:-
To reach the capital structure weight of the common stock we need to find out the total of capital base and issue value of common stock is here below:-
Total of Capital Base = Value of Common stock on issue + Value of preferred stock on issue + Value of Bond on issue (after discount)
= (3,067 × $17) + (510 × $21) + 64 × ($1,000 × 97%)
= $52,139 + $10,710 + 64 × $970
= $52,139 + $10,710 + $62,080
= $124,929
Issue on Value of Common Stock = 3,067 × $17
= $52,139
Capital structure weight of the common stock = Issue on Value of Common Stock ÷ Total of Capital Base
= $52,139 ÷ $124,929
= 41.73%
Therefore, we put the values to find out the Capital structure weight of the common stock.
Answer:
c.appear on both the income statement and balance sheet
Explanation:
The cost of the product is the cost that is incurred in producing the cost. This consists of direct products used, direct labor costs and the overhead expense of production i.e manufacturing overhead. This includes all expense types i.e. indirect and direct costs.
It is to be shown on the asset side of the balance sheet and on the income statement as a cost of goods sold.