Answer:
Option D Are obligations that the company is to pay within the forthcoming year.
Explanation:
The liabilities are the obligation of the company that has arisen due to the occurence of past event and the organization is liable to pay the consideration (something that is valuable in monetary terms) to party. Their are many obligations that are not written in the financial statement which IAS 37 Provisions, Contingent Liabilities and Contingent Assets, does not permit to include in financial statement depending upon the chances of liability arising is remote or reasonably possible but not certain or probable. So the right answer is option D.
The
necessary adjusting entry to record inventory shortage would be:
“Cost of
Merchandise Sold debit $5,000; Merchandise Inventory credit $5,000.”
Cost of Merchandise
Sold is the cost of goods and services that correspond to sales made to
customers. In this case, we need to decrease ending inventory by the quantity
of these goods ($5,000) that either were shipped to customers or assigned as
being customer-owned under a certain agreement. Meanwhile, the merchandise inventory is the cost of goods on hand and is available for sale ($5,000).
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Answer:
Optimal package size = 4 units
Optimal package price = $20
Explanation:
P = 8 - 1.5Q and C(Q) = 2.0Q, MC = 2
To obtain optimal package size, we put
Price is equal to the marginal cost, P = MC
8 - 1.5Q = 2
1.5Q = 6
Q = 6 ÷ 1.5
= 4
Therefore,
Optimal package size = 4 units
Hence,
Optimal package price:
= 0.5[8 - 2] × 4 + 2 × 4
= 12 + 8
= $20
The correct answer is "Add the decrease to the net income in operating activities."
Answer:
Social responsibility
Explanation:
Social responsibility is the way a company's managers and employees view their duty or obligation to make decisions that protect, enhance, and promote the welfare and well-being of stakeholders and society as a whole.