Answer:
Cost of Merchandise sold: $11
Gross Profit: $17
Ending inventory: $22
Explanation:
STATEMENT SHOWING INVENTORY RECORD UNDER WEIGHTED AVERAGE METHOD
RECIEPTS COST OF GOODS SOLD BALANCE
DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $
balance
05-Oct 1 5 5
12-Oct 1 13 13
28-Oct 1 15 15
TOTAL 3 11 33 1 11 11 2 11 22
Gross Profit:
Sales revenue 28
Less: Cost of good sold 11
Gross Profit: 17
Answer:
see below
Explanation:
Liabilities are recorded on the left-hand side of the balance sheet. They are classified as current and long term liabilities. Current liabilities are due within one year, and long term liabilities are payable in future financial periods
Liabilities
Current liabilities
Accounts payable
Short term loans <u>$31.4</u>
Total current liabilities $31.4
Long liabilities
Long term debts <u>$9.2</u>
Total long liabilities $9.2
Total liabilities $40.6
QuickBooks balance sheet would be most useful to Cynthia.
<h3>What is a balance sheet account in QuickBooks?</h3>
You can simply run current balance sheet reports whenever you need them thanks to the way QuickBooks organizes your accounting data. For your accountant, print the required reports or save them as PDF files. A balance sheet report provides you with a financial overview of your business as of a particular date.
By deducting all of the money your firm owes (liabilities) from everything it has (assets), it determines how much your business is worth (your business's equity): Equity is equal to the difference between assets and liabilities. All of your transactions, both those you've reviewed and those you haven't, have an impact on your QuickBooks balance. While only the transactions recorded in the register are used to calculate the bank balance.
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During the off season, the Rues Hotel offers a 25% discount on its rooms to attract guests. The Rues Hotel is demonstrating the c. use of price as a promotional tool .
- A sales tactic known as promotional pricing involves brands temporarily lowering the price of a good or service in order to draw potential clients and buyers.
- A brand can artificially raise the value of a good or service by temporarily decreasing the price and fostering a sense of scarcity.
- Buy one, get one free, seasonal sales promotions, discounts, and flash sales are some of the most popular promotional pricing models.
- You may also want to take into account multi-buys, loyalty programs, conditional offers, free delivery, or gifts depending on your individual price targets and business strategy.
<h3>What is the purpose of promotional pricing?</h3>
- Promotional pricing is a technique for increasing consumer interest in particular goods or services that people or companies offer to the general public.
- This is accomplished by using a promotional price tag, which entitles a customer to full access to a good or service for less money than it would normally cost.
Learn more about promotional pricing
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Answer:
$ 10,000 USD
Explanation:
Insurance companies are obliged to report to the federal government through form 8300 about transactions that exceed $ 10,000 or even transactions of a lower value that for some reason arouse the impression of suspicious activity; since criminals are normally aware of this rule and try to avoid the law as much as possible. This arrangement has been proposed by the government to control illicit activity and to comply with the anti money laundering program.