Answer:
The answer is D. Accumulated depreciation
Explanation:
Accumulated depreciation is the sum total of the depreciation recorded for certain assets.
Answer:
The expected cost of goods sold for the month of October would be $9700
Explanation:
Formula for taking out cost of goods sold (October) -
BEGINNING INVENTORY
+
PURCHASING MADE
+
ENDING INVENTORY
Available information - beginning inventory = $2300
purchase = $8700
ending inventory = $1300
Putting the values in the formula -
= $2300 + $8700 - $1300
= $9700
Answer:
C. Statute of limitations.
Explanation:
Statute of limitations are laws which states the time limit of when legal proceedings must be initiated between concerned parties from the date in which alleged offence was perpetrated.
In statue of limitations, the time limit for somebody is wronged to initiate legal action is not fixed in all jurisdiction. It means that depending on the nature of the alleged offense under statute of limitation, time allowed to institute legal actions varies.
Example of statue of limitation is that for certain states, the time limit to initiate legal case say on fraud is two years. It means that one must bring up the case in a court of law within the stipulated two years period. Once the two year grace elapse, one can no longer sue for fraud in the court of law.
Although there is no time limit for certain offence like murder case, sex offence with minor etc.
As in the case above, the judge threw away the case because according to the law of statute of limitation, a party that is wronged can only sue the wrong doer within the stipulated time as spelt out within the jurisdiction where the alleged offence was committed.
Answer: Capital structure
Explanation: In simple words, capital structure refers to the proportion of different securities that an organisation uses as a combination to fund its operations. In other words, the amount of debt and equity in total capital in hand of the business is termed as capital structure.
Capital structure is of high importance to the investors as it directly impacts the liquidity and profitability of the organisation.
The ability of a company to bear its short term obligation is called liquidity and the ability to generate profit with given amount of resources is called profitability.
Answer:
Total amount collected = $94,400
Explanation:
Given:
1st investment = $25,000
2nd Investment = $35,000
3rd investment = $45,000
Computation of total amount:
Total amount collected = $94,400
