Answer:
Debit cost of goods sold $40,000
Explanation:
As with the details of inventory we have:
Opening value of inventory = $50,000
Purchases = $100,000
Thus, total inventory = $150,000
On the closing date we have the balance of inventory in hand = $110,000
Therefore, cost of goods sold = Total inventory - Closing
= $150,000 - $110,000 = $40,000
Cost of goods sold is an expense, and shall be debited.
Answer:
Amount Debit($) Credit($)
Assets
Cash 37,641
Office Supplies 890
Prepaid Insurance 4,600
Office Equipment 12,900
Liabilities
Accounts Payable 12,900
Equity
Y. Min, Capital 18,000
Y. Min, Withdrawals 3,329
Revenue
Engineering Fees Earned 36,000
Expenses
Rent Expense <u>7,540</u>
Total 66,900 66,900
Explanation:
Trial Balance sheet includes all the accounts available in ledger.
Assets, Liabilities, Equity Revenue and expenses are added, however they are not given in our case
Amount Debit($) Credit($)
Assets
Cash 37,641
Office Supplies 890
Prepaid Insurance 4,600
Office Equipment 12,900
Liabilities
Accounts Payable 12,900
Equity
Y. Min, Capital 18,000
Y. Min, Withdrawals 3,329
Revenue
Engineering Fees Earned 36,000
Expenses
Rent Expense <u>7,540</u>
Total 66,900 66,900
Answer:
$12
Explanation:
Calculation to determine the lowest acceptable transfer price from the perspective of selling division
Using this formula
Lowest Transfer Price = Variable Costs per unit - Internal Savings + Opportunity Cost
Where,
Variable Costs per unit = $12
Internal Savings = $0
Opportunity Cost = $0
Let plug in the formula
Lowest Transfer Price = $12-$0+$0
Lowest Transfer Price = $12
Therefore the lowest acceptable transfer price from the perspective of selling division is $12
Answer: The correct answer is False.
Explanation: Long term bonds are riskier than short term bonds, making the answer False.
The longer the time period for bonds, the greater probability that interest rates will rise (and negatively affect a bond's market price). Investors often buy bonds and then resell them as an investment. If they attempt to sell them before maturity they may be faced with a deeply discounted market price. Short term bonds are more stable because it is probable that the investor will keep the bond for the entire life of bond. This eliminates the risk of resale, with the investor cashing in their bond at the predetermined rate on the predetermined date.
Answer:
<em>Punctuated Equilibrium theory</em>
Explanation:
As stated by the "theory of Punctuated Equilibrium", <em>the organization often experience both dynamic as well as external environments and also goes by long and periods which are simple related to environmental balance and as well as continued by short. </em>
For example: United States airline industry. e.t.c.
<u>Punctuated Equilibrium theory is</u> basically a theory which is related to understanding as well as analyzing the process of change.
