Answer:
The answer is D. Inventory account.
Explanation:
Perpetual inventory method is very useful as it is updated daily and gives a real-time insight into the stocks unlike in the periodic inventory system where you calculate the stock at the end of a certain period.
Answer:
0.1875; 0.375; 0.4375
Explanation:
Given that,
Adobe Systems stock = $3,000
Dow Chemical = $6,000
Office Depot = $7,000
Total Value of stock:
= Adobe Systems stock + Dow Chemical + Office Depot
= $3,000 + $6,000 + $7,000
= $16,000
Portfolio weights of Adobe Systems stock:
= Value of Adobe Systems stock ÷ Total Value of stock
= $3,000 ÷ $16,000
= 0.1875
Portfolio weights of Dow Chemical stock:
= Value of Dow Chemical stock ÷ Total Value of stock
= $6,000 ÷ $16,000
= 0.375
Portfolio weights of Office Depot stock:
= Value of Dow Chemical stock ÷ Total Value of stock
= $7,000 ÷ $16,000
= 0.4375
<h3>
Answer:</h3>
Debiting salaries Expense $400 and Crediting Salaries payable $400.
<h3>
Explanation:</h3>
We are given;
1 employees earns $ 100 a day
Therefore;
2 employees will earn $ 200 a day
The month ends on Tuesday, but the two employees works on Monday and Tuesday.
- Therefore, the month-end adjusting entry to record will be the amount earned by the two employees on the two days.
Two employees for 2 days = $200/day × 2 days
= $400
- But, salary is an expense, and in the accounts an increase in expense account is debited.
- According to the rule of double entry, an increase in salaries expense decreases the salaries payable. Therefore, we debit salaries expense account and credit salaries payable account.
- Therefore, the month-end adjusting entry to record the salaries earned but unpaid would be;
Debiting salaries Expense $400 and Crediting Salaries payable $400.
Answer:
Audit
<h3>What is an audit defined as?</h3>
- Auditing is defined as the on-site verification activity, such as inspection or examination, of a process or quality system, to ensure compliance with requirements.
- An audit can apply to an entire organization or might be specific to a function, process, or production step.
To learn more about it, refer
to brainly.com/question/28168942
#SPJ4
