Answer:
$60000
Explanation:
Given: Sales = $300000.
Cost of goods available for sale= $270000.
The gross profit ratio= 30%
First finding the gross profit out of total sales.
Gross profit= 
Gross profit= 
∴ Cost of goods sold= 
Cost of goods sold= 
Cost of goods sold= 
Hence, cost of goods sold=
Now, finding estimated cost of the ending inventory.
Cost of ending inventory= 
⇒ Cost of ending inventory= 
∴ Cost of ending inventory= 
Hence, estimated cost of the ending inventory under the gross profit method would be $60000.
Answer:
Advantage
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question Deep Blue is attempting to gain a competitive Advantage by stealing it's competitor's key employees. This is because it is taking away trained employees from their competitors who now have to spend time and money hiring and training new employees for that position, which will take a long time since the new employees will probably not have the experience that Gina had.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
Explanation:
Any goal it's your opinion to be a successful person. Just never give then you will get it.
Answer: Law of demand
Explanation:
The law of demand is defined as when the quantity an the price of the products and the services are increased then the demand the the similar products get decreased as it is inversely proportional with each other.
The other factors or the conditional are become equal or constant and this is also known as the elastic demand. The law of demand is refers to the relationship between price and the quantity of products in the market.
Therefore, Law of demand is the correct answer.
Answer:
Correct option is (d)
Explanation:
Owners contribute to capital in cash or kind in exchange for shares. Sometimes, owners contribute land or building to the organization in exchange for shares. Here, Jose Garcia contributes land worth $10,000 in exchange for 200 shares at $10 per share. Value of shares is $2,000 (200×10)
Journal entry to record the same:
Particulars Debit Credit
Land $10,000
Common stock $2,000
Paid in capital in excess $8,000
of par value
(To record land received in exchange
for shares)
Paid in capital in excess of par value of shares is credited which is $8,000 ($10,000 - $2,000).
