It provides additional information that helps reader to identify what your writing about. Usually in the header or footer the name of the author, the name of the book, page number, document name, date and time are usually pt in the header or footer.
Hope this helps
Answer:
$222,450
Explanation:
Computation of annual income statement for Kvass Inc. is shown below
Sales revenue
$4,887,000
Less:
Selling and admn expenses
($1,052,000)
Other expenses
($249,300)
Advertising and promotion expenses
($553,350)
Salaries and wages expenses
($2,527,800)
Income tax expenses
($167,350)
Interest expense
($114,750)
Net income
$222,450
Answer:
Evidence based.
Explanation:
Evidence: It is something that furnishes proof or testimony or something legally submitted to ascertain in the truth of matter.
Evidence basedis the conscientious (effort), explicit (clarity) and judicious (critical of quality) use of the best available evidence from multiple sources to increase the likelihood of a favourable outcome.
Characteristics:
- It’s about the process
- It’s not about certainties (this will work)
- It’s is about probabilities and likelihoods
- It is about reducing uncertainty (given our context this is more likely to lead to the outcome we want than doing something else or doing nothing)
Answer:
$2.4074/pound
Explanation:
The law of one price states that the same good in two different countries must be sold for the same amount of money, which means that the $/pound spot rate must ensure that wheat costs the same on both countries.
Therefore, the spot rate 'r' is:
The spot rate should be $2.4074/pound.
Answer:
e. Merchandise Inventory Debit 19,982
Accounts Payable Credit 19,982
Explanation:
In a perpetual inventory system, the inventory account is used to record purchases and cost of goods sold. Inventory counts are conducted on periodic basis and the inventory quantities are matched with inventory records and any differences are adjusted.
Since Morgan Inc. also uses the net method to record purchases, any discounts allowed are considered to have been received.
In this question, the terms are 3/10, n/30 which means that a 3 % discount is allowed on payment within 10 days and if not then the payment has to be done within 30 days.
Considering a 3 % discount on the purchase value of $ 20,600, the entry to be recorded shall be at a value of $ 19,608 (20,600-618)
