Answer:
Assets would be increased by $15,000 while owner's equity will also increase by $15,000.
Explanation:
The accounting equation shows the relationship between the elements of a balance sheet which are assets, liabilities and owner's equity.
it is given as
Assets = Liabilities + Owners equity
When a business owner invests an amount into a business, it means money is available for the business to operate hence cash is recognized as an asset. However, the owners equity also goes up by the amount invested.
Answer:
USING LIFO METHOD
Nov 1 Opening inventory 20 [email protected]$19 = 380
Nov 4 Sales 10 [email protected]$19 = (190)
Nov 10 Purchases 30 [email protected]$20 = 600
Nov 17 Sales 20 [email protected]$20 = (400)
Nov 30 Purchases 10 [email protected]$21 = <u>210</u>
Cost of merchandise sold <u> 600 </u>
The correct answer is B
Explanation:
In LIFO method of inventory valuation, most recent stocks are issued first. For instance, sales of 10 units in November 4 will be issued from the November 1 opening inventory and valued at the price of opening inventory.November 17 sales will be issued from November 10 purchases and valued at the price of November 10 purchases.
Answer:
<h2>Just as in any market, the price of labor, the wage rate, is determined by the intersection of supply and demand. When the supply of labor increases the equilibrium price falls, and when the demand for labor increases the equilibrium price rises.</h2>