Answer:
"On the end of the year balance sheet" is the right response.
Explanation:
- If a company is buying goods to sell and even certain merchandise remains unsold might become a component of storage again for the corporation.
- That balance of supply remains displayed on either the reserves side underneath current assets on what's on the ending accounting records and then this amount will be carried forward to that day.
Answer: See explanation
Explanation:
Triton Consulting Income Statement For the Year Ended April 30, 20Y3:
Fees earned 279000
Less: Expenses:
Salary expenses = 242000
Supplies expenses 1650
Depreciation expense. 900
Miscellaneous expenses 2000
Total expense = 246550
Net income 32450
Triton Consulting Balance Sheet April 30, 20Y3
Assets
Current assets
Cash 21500
Account receivable 51150
Supplies 750
Total current asset = 73400
Property, plant and equipments
Office equipment 32000
Accumulated Depreciation 5400
Total property,plant and equipment = 26600
Total asset = 100,000
Liabilities
Current liabilities:
Account payable: 3350
Salary payable: 2000
Total liabilities = 5350
Stockholders equity
Common stock 20000
Retained earnings 74650
Total stockholders equity = 94650
Total liability and stockholders equity = 100,000
When businesses raise the price of a needed product or service after a natural disaster, this is known as price gouging. Price gouging is something that businesses do after a natural disaster when they know consumers are going to need a specific product or service so they raise the price because they know people are going to buy it anyways. An example of this is when they raise gas prices after a natural disaster, knowing people still need gas.
The transaction was not completed,the boat title be returned to Jim
<h3>What is
transaction ?</h3>
A financial transaction is a contract or communication between a buyer and seller to exchange goods, services, or assets in exchange for money. Any transaction involves a shift in the financial status of two or more businesses or individuals.
The total value of all transactions is divided by the number of transactions or sales to calculate the average transaction value. This can be calculated daily, monthly, or annually. As an example, sales of $200,000 for the year could be generated by ten sales or transactions.
The transaction date is the date on which any financial transaction takes place. The date when ownership changes in any financial transaction occurs on the transaction date.
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Answer:
Prices increases due to high demand of goods and services
Explanation:
It has always being a common occurrence in business, when there is increase in demand than the available suppliers, seller tends to increase the price of the limited resources.
these is against the law of demand which state that the higher the price the lower the quantity demanded.
But, when sellers or companies notice that people are willing to get an items or services at any cost, the price tend to increase so that there profit will increase.
it is seen that there is an increase in the number of business travelers whom will travel with flights at any cost.