An action which this company needs to take is debit Inventory and credit Cost of Goods Sold for $1,500.
<h3>What is journal entry?</h3>
A journal entry can be defined as a process which involves keeping the records of the financial transactions of a business such as sales, salaries, inventory, etc, that are made by a business organization.
In Financial accounting, the journal entry is generally used by both bookkeepers and accountants for effective and efficient record purposes. This ultimately implies that, it is very important that a journal comprises the following information;
- Date
- Reference number.
- Credit balance.
- Transaction description.
- Debit balance.
In this scenario, the proper journal entry to record this financial transaction consists of a debit Inventory and credit to Cost of Goods Sold for $1,500.
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Answer:
A)Choose A B) Choose B C) 0.45
Explanation:
We will use the NPV formula to calculate the IRR and them choose investment opportunity with a high IRR
NPV (A)=CF/R -II
0 =2.4/r -10 m
r=0.24/24%
NPV(B)=1.8/r-0.045-10
0=1.8/r-0.045-10
r=0.135/13.5%
Therefore choose A
B)NPV (A)
=2.4/0.064-10
=$27.5 MIL
NPV (B)
=1.8/0.064-0.045 -10
=1.8/0.019-10
=$84.74 MIL
Therefore choose B as it has higher NPV
C) Equate the NPV to in order to calculate the cost of capital
2.4/r -10 =1.8/r-0.045 -10
2.4/r=1.8/r-0.045
1.8r=2.4r-0.108
0.6r=0.108
r=0.556/5.56%
=
Answer:
D) Biased interpretation
Explanation:
The risk that is most likely the cause of this would be Biased Interpretation. This is basically when an individual takes a very random or common and takes it as being either negative or positive. This is most likely causing the sales associates to greet the customers at different intervals as they see opportunities differently. Some sales associates may see an opportunity of greeting a customer as negative while another may see it as positive. Therefore, only the one that sees it as positive will greet the customer, while the other will wait for another opportunity.
Answer: a. joint venture.
Explanation:
A Joint Venture refers to when 2 or more entities come together and put up resources necessary to accomplish a certain task or venture that will be beneficial to all of them.
For example, BMW and Toyota jointly started research into utilizing hydrogen fuels and Google cooperated with NASA to create Google Earth.
Firm C is a Joint venture between Firms A and B.
Answer:
true; unemployment compensation is generally unavailable for people who quite a job without good cause
Explanation:
