Answer:
The ending balance in the inventory account is $37,960
Explanation:
For computing the ending balance, first we have to compute the cost of inventory which is available for sale
So, the cost of inventory which is available for sale equals to
= Beginning balance of inventory + purchased - purchase return - purchase discount + in transportation cost
= $45,500 + $91,500 - $6,100 - $860 + $1,220
= $131,260
Now the ending inventory would be
= Cost of inventory which is available for sale - Cost of goods sold
= $131,260 - $93,300
= $37,960
Answer: D
Explanation: it is advisable to use government benefits as an important source of income prior to retirement. Since income will no longer flow like before during the retirement period, government benefit and other allowance remain as the source of income for especially in a situation where there is no other private source of income.
Answer
<u>Market surplus will lower the prices for goods and increase the consumer quantity demand for the products.</u>
Explanation
A market surplus is when there is excess supply. The quantity supply in this case is greater than the quantity demanded. Producers will be faced with a hard time to sell all their goods. This will make them lower their prices to make their products more appealing to consumers. Firms will also have to lower market prices in order to stay competitive. In response to the reduced prices, consumers will increase the quantity demanded thus moving the market to an equilibrium price and quantity. This is a case where excess supply has exerted a downward pressure on the prices of the products.
Answer:
A. when the owner defaults on the loan payment
Answer:
A. ceases to exist unless sold or taken over by Yoshi's heirs.
Explanation:
A sole proprietorship is a from of business which is owned by one person. The owner is usually the decision maker.
One of the disadvantages of sole proprietorship is lack of continuity. The business usually ends when the owner dies. Although , family members can take over running the business.
I hope my answer helps you.
