Answer:
The balance in the raw materials inventory account on May 30 was $ 7,950.
Explanation:
This question requires us to calculate the balance in the raw materials inventory account on May 30. The detail about inventory purchase during the period, inventory consumed in production and opening inventory balance is given in the problem. We can easily calculate closing balance using following equation.
opening inventory + purchase = closing balance + inventory cosumed
9,250 + 38,750 = closing balance + 40,050
closing balance = $ 7,950
Answer:
The answer is: E) Market development strategy
Explanation:
A market development strategy involves selling your current products in new markets.
In this case, Quitman Enterprises will sell their language dictionary (current product) to international students abroad (new market).
They will seek to expand their potential market through new users of the same product.
Answer:
The correct answer is B. can use different depreciation methods for tax and financial reporting purposes.
Explanation:
Corporations are allowed to use various depreciation methods (in a straight line, double decreasing balance and the sum of the digits of the years). For fiscal purposes, using the MACRS recovery periods, the assets of the first four classes of property are depreciated using the double declining balance method.
She would have to pay back for the more expensive interest than the less expensive interest which will be calculated in the form of simple interest and compound interest .
Simple interest
10000 x .07 = 700
700 x 5 = 3500
total 13500
Compund interest
10000(1.06)^5 = 13382.26
13500 - 13382.26 = 117.74
118 rounded
Learn more about simple interest and compound interest here :
brainly.com/question/25663053
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Answer:
Current ratio- 2.03 2.33 1.73 and Acid-test ratio- 0.98 0.43 0.60
Explanation:
Attach is the table of given cases
Acid test ratio= 
Now, solving for acid test ratio.
<u>Case x</u>
⇒ Acid test ratio= 
⇒ Acid test ratio= 
∴ Acid test ratio= 
<u>Case y</u>
⇒ Acid test ratio= 
⇒ Acid test ratio= 
∴ Acid test ratio=
<u></u>
<u>Case Z</u>
⇒ Acid test ratio= 
⇒ Acid test ratio= 
∴ Acid test ratio= 
Next solving for current ratio.
We know, current ratio= 
<u>Case x</u>
⇒ current ratio= 
∴ current ratio= 
<u>Case y</u>
⇒ current ratio= 
∴ current ratio= 
<u>Case Z</u>
⇒ current ratio= 
∴ current ratio= 
Hence, Current ratio- 2.03 2.33 1.73 and Acid-test ratio- 0.98 0.43 0.60