Answer:
No entry required
However, the balance sheet must be adjusted to represent both, the 4,000,000 inventory and the 4,000,000 accounts payable
Explanation:
As the account involved:
Inventory and accounts payable are permanent account do not alter the net income for the year ended December 31th 2020.
Also as no cash is involve the cash statement is not affected too.
This delay on recording generate no problem for the accounting.
Answer:
a. Profit margin = Operating income/Sales x 100
= $56,496/$470,800 x 100
= 12%
b. Investment turnover = Turnover/Investment
= $470,800/$214,000
= 2.2 times
c. Return on investment(ROI) = Profit margin x Investment turnover
= 12 x 2.2
= 26.4%
Explanation:
Profit margin is the relationship between operating income and sales.
Investment turnover is the relationship between sales(turnover) and investment.
Return on investment is the product of profit margin and investment turnover.
Answer:
The correct answer is: differentiated oligopoly.
Explanation:
The consumer wi-fi service provider's market is a differentiated oligopoly. There are few firms in the market, these firms provide differentiated wi-fi plans.
The firms are interdependent on each other and the market decision of each firm affects its rivals. There is a high degree of competition in the market. The firms are price makers and face a downward sloping curve.
The entry to record this cash receipt include <u>Credit to Unearned Paving Fees.</u>
A credit score is a trust which permits one party to offer money or assets to every other celebration in which the second birthday party no longer reimburses the primary party at once, but guarantees both to pay off or go back the one's sources at a later date.
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A credit bureau maintains a month-on-month document of your payments toward your bills and loan compensation equated monthly installments for the beyond few years. normally by collating previous years' price history records, the credit bureau calculates your credit score rating.
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