Answer: (B) Credit to Merchandise Inventory for $50
(C) Debit to Cost of Goods Sold for $50
We will make these 2 adjusting entries and the reason for that is because the inventory is decreasing by 50 and it is an asset and when asset decreases we credit it. Now that we know that inventory is 15,000 the other 50 must have been cost of goods sold, so cost of goods sold need to be increased by 50 and we will debit cost of good sold by 50 because it is an expense and whenever an expense increases we debit it.
Explanation:
Answer:
A strategy at the business unit or product line level that focuses on improving a firm's competitive position.
Explanation:
Business strategy can be defined as a tool used by organisations to achieve their objectives and goals. A business strategy outlines the various actions that should be carried out by an organisation inorder to attract more customers and gain a high rank among competitors in the market.
A good business strategy helps the employees to identify their various weakpoints, the areas that they are not putting enough efforts. This helps to increase productivity which would lead to the growth of the company.
Answer: 77 months
Explanation:
Use the NPER function on Excel to find the answer.
Rate is compounded monthly so:
= 8% / 12
= 0.66667%
Payment = 5,000 per month
Present value = $0
Future value = 500,000
Value should be = 76.87 months
= 77 months
Answer:
5000
Explanation:
Oakwood Primary Care Clinic is considering a capitation arrangement with a managed care organization in which the clinic would provide services to 1,500 members at $100 per member per month. Variable costs are projected at $200 per clinic visit, and fixed costs for the agreement are $800,000. Breakeven point in volume of clinic visits is 5000.
