The adjusting entry to decrease the merchandise inventory under <em>the lower of cost or market value computations</em> includes a debit to the Cost of Goods Sold and a credit to the Merchandise Inventory.
The <em>Lower of Cost or Market Value</em> determines the value of inventory based on either the cost of the item or the market value, whichever is lower.
Thus, since the merchandise inventory decreases by the entry, the cost must be higher than the market value.
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Answer:
D) Higher taxes
Explanation:
By increasing the taxes and reducing the spending it will reduce the demand in the economy (the goverment spending will be lower wehile the indivbiduals will have less disposable income as taxes increase)
If the economy was healty enought will lead to economic growth and reduce inflationary pressures.
If the country face a high inflation and negative growth, would end up with lower income and higher unemployment. Thus damaging to the economy without solving the inflation problem.
You can delete a slide from a presentation by hitting the backspace key
A slide refers to a single page in the presentation. A group of slides is also known as a slide deck.
<h2>Further Explanation</h2>
In a presentation, a slide show can be described as a presentation of different slides on a projector.
Before the emergence of a laptop or personal computer, the size of a presentation slide used to be 35 mm and it is always viewed with a projector.
In the modern age, a slide can now be created by using different presentation programs which include:
- Microsoft PowerPoint
- Apache OpenOffice
- Apple keynote
A slide can also be developed by using a document markup language.
However, a presentation can be described as the process of presenting a topic to the audience. The presentation can be to lecture, inspire, motivate or to introduce a new product to the audience.
However, some of the software popular for producing slides is as follows
- PowerPoint: it is the commonly used software and by far the most popular
- Google slide: this software is mostly used to market new product to customers
- Prezi: it was created by Peter Arvai in 2009 and the software has over 40 million users worldwide
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Answer: $49,000
Explanation:
Total Revenue:
= cash revenue + increase In accounts receivables + decrease in accrued liability
= $72,000 + $4,000 + $1,000
= $77,000
Net income accrual method:
= Total Revenue - cash expenses - depreciation expense - decrease in prepaid expenses
= $77,000 - $21,000 - $5,000 - $2,000
= $49,000
Answer:
Information and communication
Explanation:
Internal control refers to the management procedures in place used to accomplish the objectives such as promote efficient and effective operations, ensure the reliability and integrity of financial information, safeguard the organisation's assets, etc. A good system of internal control is essential to the availability of information and a clear and obvious strategy for communicating obligations and expectations.
