The account will decrease by $130
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Explanation:</u></h3>
Using the computerized point-of-sale systems and enterprise asset management software the inventories that are sold or purchased are recorded under the Perpetual inventory method. This method will provide the details about the running balance related to the cost of the available goods and services and also the cost of the good and services that are sold.
The expenses will be debited to inventory account. In the example given Middleton company purchased an item of inventory for $130 and sold the item to a customer for $200. Using the perpetual inventory method the effect of sale on account of the company;s goods sold will be that The account will decrease by $130.
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Answer:
The answer is B. overestimate; underestimate
Explanation:
The geometric mean differs from the arithmetic average, or arithmetic mean, in how it's calculated because it takes into account the compounding that occurs from period to period.
Answer:
Cashflow from Operating Activities $
Net income 61,000
Add: items not involving movement of cash
Depreciation <u>76,000</u>
137,000
Changes in working capital:
Increase in prepaid rent (56,000)
Increase in accounts payable <u>11,000</u>
92,000
Less: Tax <u> 16,000</u>
Cashflow from operating activities <u> 76,000</u>
Explanation:
Cashflow from operaing activities using the indirect method equals net income plus depreciation minus increase in prepaid rent plus increase in accounts payable minus tax.
The answer is Country B
Comparative advantages can be described as a country's ability to product a certain product in higher quantities and lower price (efficiently) compared to another country.
In this case, Country A can product 100 CDs and only 100 DVDs, by while country B has the capacity to produce 50 CDs but 200 DVDs.
Clearly Country B has a better infrastructure to produce DVDs in bulk
The amount of net income is $50,158.93.
Given:
Debt ratio = 62%
Asset turnover = 1.24
Profit margin = 5.1%
Total equity = $489,600
Find the Total Debt:
Debt = debt ratio × total equity
Debt = 0.62 * 489,600
Debt = $303,552
Find the Total Assets:
Total assets = Total debt + Total equity
Total assets = $303,552 + $489,600
Total assets = $793,152.
Find Total Turnover:
Turnover = Total assets * Total asset turnover ratio
= $793,152. * 1.24
= $983,508.48
Now find the amount of Net Income:
Net Income = Turnover * Profit margin
Net Income = $983,508.48 * 5.1%
= $50,158.93
The amount of net income is $50,158.93.
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