At Walmart, the top 200 CDs account for more than 90 percent of the music sold: (A) TRUE
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What do we mean by Walmart?</h3>
- According to the Fortune Global 500 list in May 2022, Walmart is the world's largest company by revenue, with approximately US$570 billion in annual revenue.
- It is also the world's largest private employer, with 2.2 million employees.
- The Walton family controls the company, so it is a publicly traded family-owned business.
- In 1972, Walmart was listed on the New York Stock Exchange.
- By 1988, it had become the most profitable retailer in the United States, and by October 1989, it had become the biggest in terms of revenue.
- It is headquartered in Bentonville, Arkansas, and operates a chain of hypermarkets (also known as supercenters), discount department stores, and grocery stores throughout the United States.
- The top 200 CDs account for more than 90% of music sold at Walmart.
Therefore, the statement" at Walmart, the top 200 CDs account for more than 90 percent of the music sold" is (A) TRUE.
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Answer:
Explanation:
First of all, to make it easy, "Debit" will be written as "Dr" and "Credit" as "Cr"
General journal
April 2
Dr Cash $27 070
Dr Equipment $12 900
Cr Owner's Capital $39 970
April 2 No transaction has occurred
April 3
Dr Supplies $833
Cr Accounts Payable $833
April 7
Dr Rent Expense $546
Cr Cash $546
April 11
Dr Accounts Receivable $1160
Cr Revenue $1160
April 12
Dr Cash $2,589
Cr Unearned Revenue $2,589
April 17
Dr Cash $2,201
Cr Revenue $2,201
April 21
Dr Insurance Expense $100.30
Cr Cash $100.30
April 30
Dr Salaries Expense $1,020
Cr Cash $1,020
April 30
Dr Supplies Expense $122
Cr Supplies $122
April 30
Dr Equipment $5,266
Cr Capital $5,266
Answer:
see below
Explanation:
An intangible asset is an asset with no physical presence with a useful life of more than one year. Intangible assets cannot be touched or seen. Like other assets, they create wealth for a business. Their value is recorded in the financial books and spread throughout their useful life through amortization.
Examples of intangible assets include a brand name, goodwill, and intellectual properties such as copyright and patents. These assets do not have any physical substances. Intangible assets contrast tangible assets such as land, buildings, and motor vehicles. Intangible assets can be acquired or be created just like tangible assets.
The second answer is the correct answer in this case. I hope this helps!!