Answer:
Its always a competition
Explanation:
People use to complete on how the world gets and receives items same in business, companies compeate all the time trying to get the most money, visitors, and promotions.
The answer is "The Texas Safety
Responsibility Act". <span>
<span>According to the Texas Motor Vehicle Safety Responsibility Act anyone who
is driving a motor vehicle cannot operate the vehicle unless for that vehicle
the financial responsibility is established and it is considered illegal in the
state to drive without being financially responsible.</span></span>
They are known as angel investors
Answer:
Product category units cost NRV year-end inventory
Tools:
-
Hammers 120 <u>$5.50</u> $6.00 $660
- Saws 250 $10.50 <u>$9.50</u> $2,375
- Screwdrivers 350 <u>$2.50</u> $3.10 $875
Paint products:
-
1-gallon cans 550 $6.50 <u>$5.50</u> $3,025
- Paint brushes 120 <u>$4.50</u> $5.00 $540
1) carrying value of year-end inventory:
Tools:
-
Hammers $660
- Saws $2,375
- Screwdrivers $875
- sub-total $3,910
Paint products:
-
1-gallon cans $3,025
- Paint brushes $540
- sub-total $3,565
Total $7,475
2) adjustment to tools:
Dr Cost of goods sold 250
Cr Inventory: tools 250
adjustment to paint products:
Dr Cost of goods sold 550
Cr Inventory: paint products 550
or total adjustment to inventory account:
Dr Cost of goods sold 800
Cr Inventory 800
Answer:
$8,318,333
Explanation:
The computation of the weighted average accumulated expenditure is shown below:
Date Amount Capitalization period Weighted Average Accumulated Expenditures
Mar 1 $6,300,000 10 months $5,250,000 ($6,300,000 × 10 months ÷ 12 months)
Jun 1 $5,260,000 7 months $3,068,333.33 ($5,260,000 × 7 months ÷ 12 months)
Dec 31 $8,450,000 0 months $0
Total $8,318,333
We simply multiplied the amount with the capitalization period so that the weighted average accumulated expenditure could come
