Answer:
cash 50 debit
unearned revenue 50 credit
Explanation:
The sale of the gitf card is done in january. The information of February's transaction is not relevant to decide how to record this sale.
The sales was in cash, so the company receive cash, this account will increase by 50.
Also the company will recognize the unearned revenue, this is not earned yet. It will be earned when redeemed.
Answer:
the entry to report this accounting change is in the attachment.
Explanation:
By moving from LIFO to FIFO, there's is going to be an increase in the value of inventory from of 30,000. That is $380,000 - $350,000.
The answer to this question is to make a journal entry. I have done this in the attachment.
Explanation:
The concept of 'informed consent' is a key principle within ethics, referring to permission granted in the full knowledge of the likely consequences.
Answer: The correct answer is the TECHNICAL DEVELOPMENT PHASE
Explanation: The new product process refers to the next product in a company's product line. It is a product that adopts or replacea an existing product. This process goes through different stages.
The technical development phase is however the phase during which the item acquires finite form - a tangible good or a specific sequence of resources and activities that will perform an intangible service.
Answer:
Future Value formula = Amount * ( 1 + r) ^ no.of periods
a. Future Value = 130 * ( 1 + 7%) ^ 10
= $255.7296
= $255.73
b. Future Value = 130 * ( 1 + 7%) ^ 20
= $503.05898
= $503.06
c. Future Value = 130 * ( 1 + 3%) ^ 10
= $174.709
= $174.71
d. Future Value = 130 * ( 1 + 3%) ^ 20
= $234.794
= $234.79