Answer:
$500000
Explanation:
*Company's inventory records at the begining of the period.
$629000
*Must be substracted the inventory purchases made by Pharoah shipped from the seller 12/27/17 terms FOB destination, but not due to be received until January 2nd, because it is not yet in power of the company.
- $122000
*Must be substracted the goods received on consignment from Concord Company, because they are not inventory for Pharoah Company.
- $7000
$629000 - $122000 - $7000 = $500000
Answer:
<u>$289,000</u>
Explanation:
The journal entry for sale of investment for profit is:
Bank A/C Dr.
To Investments A/C
To Gain on sale of investments
(Being investments sold and profit realized being recorded)
Purchase of Investments during the year = Investments closing balance + Amount of investments sold - Investments opening balance - Gain on sale of investments
Investments purchased during the year = $1,200,000 + 80,000 - 965,000 - 26000
Investments purchased during the year = $289,000
Investments account is an asset account. A debit to such an account increases it's balance and a credit reduces it's balance.
Answer:
The correct answer is A
Explanation:
Involuntary switching is the term which is defined as the unwillingness of consumers for switching yet the customers may be prompted for switching because it is inevitable reasons like changing residence or does not involve the person.
So, in this case, the employer changed the insurance plan in which she is not involved, had to switch to another dentist. Therefore, it is an involuntary switching.
They include: planning, organizing, leading, and controlling.