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3 years ago

- QI- State 2 reasons why it is necessary to prepare financial statements at regular intervals

Business

1 answer:

Liono4ka [1.6K]3 years ago

5 0

Answer:

-Better decision making

-Can prevent costly mistakes and helps in tax period

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On May 1, Shilling Company sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10, n/30. The cost of the

Arada [10]

Answer:

The correct answer is:

Debit: Account receivable $5,800

Credit: Sales revenue $5,800

Debit: Cost of goods sold $4,000

Credit: Merchandise inventory $4,000

Explanation:

On 1st May

Upon sale of inventory on credit

Debit: Account receivable $5,800

Credit: Sales revenue $5,800

On 1st May

To record cost of goods sold of merchandise inventory:

Debit: Cost of goods sold $4,000

Credit: Merchandise inventory $4,000

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4 years ago

When horizontally scaling, the allocation of resources is referred to as __________________ and the releasing of resources is re

stiv31 [10]

When horizontally scaling, the allocation of resources is referred to as scaling out and the releasing of resources is referred to as scaling in. Scaling is a term used regarding IT departments and how little or often the resources are needed with usage of the cloud web. There are two types of scaling and they are horizontal and vertical. Depending on the usage needed and what is being stored will determine the release of scaling and which way they go, out, in, up or down.

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4 years ago

nformation for firm ABC: Inventory at the end of April, 2008: 200 units Expected demand during April, 2008: 50 units Production

OverLord2011 [107]

Answer:

Inventory at the end of march 2008 = 150 units

Explanation:

The closing inventory at the end of a particular period will be opening inventory at the beginning of the following period.

Note that the inventory at the end of March 2008 will be the opening inventory at the beginning of April 2008.

The production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories.

Production = Sales volume + closing inventory - opening inventory

100 = 50 + 200 - X

X = 50 + 200 -100

X = 150 units

Inventory at the end of march 2008 = 150 units

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4 years ago

Which of the following types of insurance do businesses frequently offer as part

aev [14]

Answer:

i think is B correct me if i wrong

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3 years ago

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What do you think would make women's contributions to entrepreneurship more visible and less surprising to people?

ohaa [14]

Answer: They must continue with their work, which goes beyond being housewives.

Explanation: Today women have achieved a lot to be seen as beings who have the ability to undertake large-scale projects. Women should continue working, positioning themselves in direct positions, undertaking, and above all, supporting each other. Women must continue to demonstrate that they too are capable of occupying positions that have been seen only for men. Today we have women presidents of nations, CEOs and giving more contributions to society.

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3 years ago

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