Answer:
Decrease in Bank balance and increase in fixed assets
Explanation:
When a new depreciable asset is purchased, the money leaves the bank account hence reducing the bank balance in the statement of financial position, and on the other hand the 'Fixed asset' balance will rise by the same amount; recognizing the addition to the assets of the company. In this scenario the balance sheet totals remain unchanged as the same amount has been subtracted from 'bank' and added to 'fixed assets' all within the asset side.
However, if the asset is debt financed, it will increase the long term liability figure because 'bank loan' will be recognized. Hence the totals of the balance sheet will rise by the amount of the loan on the 'Capital and liabilities' side and the amount of the asset on the 'Asset' side.
Another impact is that the amount of depreciation charged to the Income Statement will be higher than $2,946,667 which was charged in the previous year because the new asset's depreciation will have to be added.
Answer:
Sold first - June 1 at $10
Sold first - June 2 at $15
Ending inventory - July 4 at $20
Explanation:
In the FIFO Method, when the first product is acquired it is sold first or dispose of.
In the given question, one identical unit is purchased on three dates, and the company sold two units
So, the selling units would be
June 1 at $10
June 2 at $15
And, the remaining stock would be considered as an ending inventory i.e July 4 at $20
The correct answer that would best complete the given statement above would be the first option: FORCE. <span>Phil</span><span> wanted the computer that Amy had, so he just took it. This is an example of distribution by force. Distribution by force often happens when someone is getting more if they have more power. This kind of distribution often leads to conflict. </span>
An example of a run on sentence is: I love to do gymnastics I would do it every single day if I could.
Firm I should begin distribution on its own in order to prevent loss and
liquidation of the company.
It is best for the company to become vertically integrated in instances such
as this. Vertical integration involves companies controlling more than one
stage of production.
By so doing, the company can restrategize and ensure its products satisfy
the customers through the adoption of the technology they are complaining
about. This helps to ensure increased profit made from the goods.
Read more about Vertical integration on brainly.com/question/19815172
