Answer:
August 6
Debit: Inventory: (54 * $120) = $6480.00
Credit: Accounts Payable: $6,480.00
August 7 - shipping
Debit: Inventory $320.00
Credit: Cash $320.00
August 10
Debit: Accounts Payable :(4 * $120) = $480.00
Credit: Inventory $480.00
August 14
Debit: Accounts Payable : $(6480 - 480) = $6000.00
Credit: Inventory $60.00
Cash : $(6000 - 60) = $5940.00
(August 14th Inventory: $6000 × 1% = $60)
August 23
Debit: Accounts Receivable ($140*34) = $4760
Credit: sales Revenue $4760
August 23
Debit: Cost of Goods Sold $4,257.00
Credit: Inventory $4,257.00
Explanation:
INVENTORY:
Answer:
The answer is "Option E".
Explanation:
Please find the complete question in the attached file.
Varied portfolios and mixes of diversified assets get a different relationship, eliminating uncontrolled danger and only risk premium. Its total risk is a combination of non - systematic and systematic risks. Therefore, the diversification principle reduces some portion of the risk profile, and that is why distributing an investment across a range of varied assets reduces some of the risk profile.
The best answer is A) <span>As the price of calculators rose, fewer students decided to buy them, opting instead to use the free calculators in their cell phones or on their computers.
If calculators are included in the basket of goods used to calculate the CSPI, an increase in calculator prices may overstate the effect on the CSPI, since students aren't purchasing this item as frequently as they used to. </span>
Answer:
b. the principal's acceptance of responsibility for an agent's activities.
Explanation:
A principal may ratify or disown the activities of a person or an agent who acts above his/her mandate. Where a principal ratify the activity of the agent, it is called agency by ratification.
Sometimes, an agent may perform or carry out activities beyond his/her mandate eventhough this is stated in the law, the principal is also empowered to ratify or disapprove such activities as there are rules governing such approval or disapproval.
Rules governing agency by ratification are ;
-There must be contractual capacity on the part of the person who is ratifying
- The person acting as agent must be intended to be seen as such
-The principal must exist at the point activity is being carried out
-The principal must have full knowledge of the material fact.
-The ratification may be implied or express.
Answer:
b. the unemployment rate in that area
Explanation:
One of the following indicators that may be an important factor in whether they are able to successfully put in a low bid a small, three-bedroom bungalow near a major college town is the unemployment rate in that area.
<u>When the rate of unemployment is high, inflation is low and prices are low because consumers are not rich enough to afford certain goods.</u>
<u>Hence, a high level of unemployment could drag down rent additionally because apart from inflation being low, a 3 room flat might seem like a luxury good that people will stay away from when income levels are low.</u>
