Answer:
4,000 units
Explanation:
Given that
Sales volume = 60,000 units
Budgeted production = 54,000 units
Beginning finished goods = 10,000 units
The computation of units for ending finished goods inventory is computed below:-
Budgeted production = Ending finished goods + Sales volume - Beginning finished goods
54,000 = Ending finished goods + 60,000 - 10,000
54,000 = Ending finished goods + 50,000
= 4,000 units
Answer:
See explanation
Explanation:
Since X-Mart company uses perpetual inventory system, the inventory system shows the real-time selling of inventories. Purchasing merchandise on account means no cash has been paid and a liability is existed. To record the transaction, the following journal entry will require in the book of X-Mart-
Debit Merchandise Inventory $300
Credit Accounts payable $300
Answer:
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position, and cash flows. Accounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks.
Explanation:
Jason, your client, is developing a subdivision of 140 houses. He may place deed restrictions on as many as 140 (100%) properties.
<h3>What is a deed restriction?</h3>
This is the term that is used to refer to the written agreements that are done in order to restrict and limit activities that may go on in a property.
These are private agreements that are made. It has to be 100 percent on the properties.
Read more on deed restrictions here:
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