Answer:
Purchased calculators from Dragoo Co. at a total cost of $1,650:
- Dr Inventory 1650
- Cr Accounts Payable 1650
Paid freight of $60 on calculators:
- Dr Inventory 60
- Cr Cash 60
Returned calculators to Dragoo Co. for $52:
- Dr Accounts Payable 52
- Cr Inventory 52
Sold calculators costing $580 for $760 to Fryer Book Store:
- Dr Accounts Receivable 760
- Cr Sales Revenue 760
- Dr COGS 580
- Cr Inventory 580
Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $32.20
- Dr Sales Returns and Allowance 45
- Cr Accounts Receivable 45
- Dr Inventory 32.20
- Cr COGS 32.20
Sold calculators costing $650 for $800 to Heasley Card Shop:
- Dr Accounts Receivable 800
- Cr Sales Revenue 800
- Dr COGS 650
- Cr Inventory 650
Answer:
b. decreased.
Explanation:
The price of silver increased by $1. The overall price increased by 5% = 1.05 × $30 = $31.50.
Therefore, the price of silver should be $31.50 but it is $31. This indicates that the real price of silver fell.
I hope my answer helps you
Answer:
Yes it is True that Internal equity is cheaper than external equity.
Explanation:
Internal equity compares the pay rates between colleagues in the same firm. It is used as standard to ensure fairness. It is the net income realized after subtracting tax and liabilities as well as expenses incurred.
External equity on the other hand is comparing the pay workers in different organizations. It helps to set a benchmark for payment of staff at the same grade level in different companies. It can be used as a yardstick to measure whether a particular company's pay rate competes favorably with other companies.
Internal equity also called retained earnings is generally less expensive than external equity for tax reasons among others.
Hello beauty! The answers would be increase and decrease :)
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