Answer:
Record #1
Cash $500,000.00
Accounts Receivables $500,000.00
Sale $1,000,000.00
Record #2
Cost of Goods $1,000,000.00
Inventory $400,000.00
Gain on sales $600,000.00
Explanation:
The firm has a Gain on sales for $600,000.00 because of their inventory cost $400,000.00 but they sold it by $1,000,000.00
Answer: (B) Cost of equity
Explanation:
The cost of equity is basically refers to the return rate in an organization to the equity investors such as shareholders. The firms or organizations need to obtain the capital from he other firms for operating and the growth of an organization.
According to the question, the cost of equity is basically refers to the return that the individual wants to acquire on the investment when they purchased the common stock from the DL smith,Inc.
Therefore, Option (B) is correct answer.
The core product alludes to the overnight rental of a room. Its parts are benefited level, booking, nature of the procedure, and the client's part in the utilization of the room. Supplementary administrations incorporate things like stopping, room administration, reservations, and a breakfast buffet. Conveyance of both the center and the supplementary administrations is given electronically, by means of lodging worker, or by the client. Telephone utilize and pay TV are naturally charged to the room. Room administration and registration are given by an inn representative. Most breakfast buffets are self-benefit, requiring the client to make a move.
Answer: In an accumulated depreciation account, there is a normal credit balance.
Explanation:
Accumulated depreciation has a normal credit balance as a result of the aggregation of the amount of expenses on depreciation that is charged against the fixed assets. The accumulated depreciation account is matched together with the fixed assets on the balance sheet. This is done in order to know the remaining worth of the fixed assets.
The amount of the accumulated depreciation tend to increase as more depreciation is put against the fixed assets which results in a lower book value. On a balance sheet, fixed assets have a debit balance so the accumulated depreciation must be written on the credit balance so as to offset the fixed assets.
Why did the other office manager leave? On his/her own accord? Fired?
