I don’t really know I just need points
Answer:
a. glass coffee mugs
Explanation:
As we know that the glass coffee mugs and the pottery mugs are the subsitutes goods. In the case when the price of glass coffee mugs would decline so it would more consume due to which the demand of the pottery mugs would reduced
Therefore as per the given situation, the product that impact the profit margin is option a
hence, the correct option is a.
Answer:
Debit Merchandise Inventory $300; credit Cash $300
Explanation:
The journal entry to record the given transaction is shown below:
Merchandise inventory Dr $300
To Cash $300
(being cash paid is recorded)
Here the merchandise inventory is debited as it increased the assets and credited the cash as it decreased the assets
Answer:
Industrial Market
Explanation:
Market owned called Market and the consumer markets are paying for the food
Answer:
Dr. Depreciation Expense 40,000
Cr. Accumulated Depreciation 40,000
Explanation:
Annual depreciation charge=cost-salvage value/useful life
cost is $1,000,000
salvage value is $200,000
useful life is 20 years
annual depreciation charge=($1,000,000-$200,000)/20=$40,000
every year end the depreciation expense account would debited with $40,000 while the accumulated depreciation would be credited with same amount.
The correct option is the last option,Dr depreciation expense $40,000 and Cr accumulated depreciation $40,000.
At the point there is no point posting directly into the asset account since the accumulated depreciation account is an offsetting account against the asset account in the balance sheet
