Answer:
e.$7,200
Explanation:
For computing the closing stock under variable costing, first we have to determine the product cost per unit which is shown below:
= (Direct materials cost + direct labor cost + Variable factory overhead cost) ÷ (production units)
= ($25,000 + $35,000 + $12,000) ÷ (20,000 units)
= $3.6 per unit
Now the closing stock would be
= 2,000 units × 3.6 per unit
= $7,200
The ending inventory units would be
= 20,000 - $18,000
= 2,000
Answer:
The correct answer is: when buyers and sellers have influence on price.
Explanation:
The imperfect market situations exist when there are few buyers or sellers such that they are able to influence the market. For instance, in a perfectly competitive market, there is a large number of buyers and sellers. So, any single buyer or seller is not able to influence the market. The price and output are determined by the market forces.
In an imperfect market such as monopoly or oligopoly, few firms exist so they are able to fix output and price on their own.
The answer is <u>"B. Entrepreneurs often work long hours and must take on the financial responsibilities of the business."</u>
An entrepreneur is a person who, as opposed to functioning as a worker, establishes and maintains a private company, expecting every one of the dangers and prizes of the endeavor. The business visionary is generally observed as a pioneer, a wellspring of new thoughts, merchandise, administrations and business/or techniques.
Entrepreneurs assume a key role in any economy. These are the general population who have the right stuff and activity important to foresee present and future needs and put up great new thoughts for sale to the public.
The answer to your question is 5%. Hope this helped!!please give brainliest
Answer:
Cash account
debit credit
opening 70,000
2) 50,000
4) 230,000
<u>5) 175,000</u>
75,000
Accounts receivable account
debit credit
opening 53,000
3) 250,000
<u>4) 230,000</u>
73,000
Accounts payable account
debit credit
opening 32,000
1) 195,000
<u>5) 175,000 </u>
52,000
Merchandise inventory account
debit credit
1) 195,000
<u>3) 140,000</u>
55,000
Wages expense account
debit credit
2) 50,000
Sales revenue account
debit credit
3) 250,000
COGS account
debit credit
3) 140,000