Answer: c. Cost of Goods Sold $9,500 $9,500 Inventory.
Explanation:
The journal entries that is required on December 31 to adjust the ending balance of inventory if the direct method is used to record the lower of cost or market write down will be gotten as the difference between the historical cost of the ending inventory and the current replacement cos of inventory. This will be:
= $316000 - $306500
= $9500
Therefore, the journal entry will be:
Debit: Cost of Goods Sold $9,500
Credit: Inventory $9,500.
Based on the perpetual inventory system, the payment for inventory, and the freight costs, the net cash flow from operating activities is $28,346
<h3>How to find the net cash flow?</h3>
The net cash flow for Green Company from its various transactions and using the perpetual inventory system can be found by the formula:
= Cash inflow from sales to customers - Cash outflow for freight cost - Cash outflow for freight cost to customers - Cash outflow for payment to supplier in ten days
The net cash flow from operating activities is therefore:
= 96,600 - 2,530 - 1,730 - (65,300 x (100% - 2%))
= 96,600 - 2,530 - 1,730 - 63,994
= $28,346
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A free economy has a 100% open economy with very little government interaction however a mixed economy is open to the public but is semi-closely regulated by the government.
Answer:
D
Explanation:
A estratégia de colheita, mais comumente chamada de estratégia de saída, é a forma como um empreendedor ou investidor tenta extrair o seu dinheiro de um negócio depois de ter se tornado bem sucedido.
