Answer:
The correct answer is D. the ending merchandise inventory balance must be recorded as a debit via the Income Summary account
Explanation:
In the permanent inventory system, all purchases, sales, discounts and returns on purchases and sales are recorded at cost, in the account Goods not Manufactured by the Company. Thus: Purchases: the acquisition of merchandise is accounted for with a debit in the Merchandise not Manufactured by the Company account and a credit in Banks or Suppliers, as the case may be.
The initial inventory represents the value of the stock of merchandise on the date the accounting period began. This account is opened when the control of the inventories, in the Major General, is carried out based on the speculative method, and does not return to movement until the end of the accounting period when it will be closed with charge at cost of sales or by Profit and Loss directly. And it is the detailed and detailed relationship of the stock of merchandise that a company has when starting its activities, after making a physical count.
The final inventory is made at the end of the accounting period and corresponds to the physical inventory of the merchandise of the company and its corresponding valuation. By relating this inventory to the initial one, with the net purchases and sales of the period, you will obtain the Gross Profits or Losses in Sales of that period. is the list of stocks at the end of an accounting period.
Answer:
Halonia
Explanation:
Sounds very unique and different. Very eye catching. Sounds girly but not too girly.
Relative link can be inserted.
A relative link thinks that the page to which you're connected is the website and folder to which you've posted the web page. This link is under the same website URL and folder (Articles) as this page, thus we only refer to it by this link. There are two advantages of using relative references versus absolute references.
A Relative Reference is a partial http address that is a portion of a whole directory path. Remember that if no server name or path is supplied in html, the file reference will default to the current directory.
Therefore the answer is relative link.
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The options that are included in comprehensive income are: Unrealized gains on available-for-sale securities.
<h3>What is Comprehensive Income?</h3>
Comprehensive income is a term that refers to the gains and losses that a company is yet to realize during its accounting period.
The gains, losses, revenue, that are yet to be classified can be classified as comprehensive income.
Learn more about comprehensive income here:
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Answer:
Net Revenue = $4,500
Explanation:
Break Even point in units = 
Here, provided
Break even point = 1,000 units
Contribution = Selling price - Variable Cost = $10 - $7 = $3
Putting these values in above,
We have,
= Fixed cost = $3,000
now when we sell 2,500 units we have
Revenue = 2,500 
$10 = $25,000
Variable Cost = $7 2,500 = $17,500
Fixed cost = $3,000
Net Revenue = $25,000 - $17,500 - $3,000 = $4,500
