Answer:
c. Credit to Finished Goods Inventory
e. Debit to Raw Materials Inventory
Please remind me if one of them is correct or wrong or if both are wrong/correct
Explanation:
Answer:
D. ceteris paribus condition
Explanation:
The Latin words “Ceteris paribus”, means “all other things remain the same”. It is an assumption usually included when by economists when stating laws or concepts such as demand and supply. Because, actually in the real word, it is feasible to eliminate other variables that might influence an outcome, aside the variables under study. So therefore, we assume all other variables remain constant, when stating the relationship between two variables. For example, when constructing a demand curve showing the relationship between price and quantity demanded, we assume that all other variables that can influence demand other than price, remain the same, which in reality might be difficult to isolate.
Answer:
It is form W-2. It is a form ofthe Internal Revenue Service (IRS) tax document utilized as a part of the United States to report compensation paid to workers and the assessments withheld from them. Managers must finish a Form W-2 for every representative to whom they pay a pay, wage, or other remuneration as a component of the business relationship.
Explanation:
brainliest plzzzzz
Answer:
$2,380,500 and $357,500
Explanation:
The movement in the balance of inventory at the start and end of a period is as a result of sales and purchases. While sales reduces the balance in inventory, purchases increases the balance. This may be expressed mathematically as
Opening balance + purchases - cost of goods sold = closing balance
As such, when inventory is overstated at the start of the year, the ending inventory would also be overstated by the same amount, the cost of goods sold would be overstated and net income understated.
Correct amount of asset
= $2406000 - $25500
= $2,380,500
net income for the year
= $332000 + $25500
= $357,500
