Answer:
Journal entry
Explanation:
The adjusting entry for the physical count is as follows
Cost of goods sold $2,370
To Inventory $2,370
(Being the adjusted balance is recorded)
The computation is shown below:
= Year end Inventory - physical count of inventory
= $14,550 - $12,180
= $2,370
We simply deducted the physical count of inventory from the year end inventory to find out the adjusted balance which is shown above
Answer: 6.81%
Explanation:
To calculate the growth rate, we'll use the formula:
Price = Expected Dividend / Discount - Growth rate
32.40 = 2.20 / 13.60% - Growth rate
13.6% - Growth rate = 2.20/32.40
Growth rate = 13.60% - 6.79%
Growth rate = 6.81%
Answer:
The answer is NO.
Explanation:
The answer is NO since the tax cut does not equate or rather would not be an effective stimulus due to the fact that debt reduction would not stimulate or increase consumption.
To properly understand the narrative of the question and the answer herein, let us define what effective stimulus is.
Effective stimulus or as preferably known as An economic stimulus is the utilization of funds or design of that helps agitate growth during downtime or recession in a country. The decision makers of a country mostly utilize the tactics of giving rebates and increasing government expenses to name a few.
Now relating it back to the question, since the intention of the rebate is to ease payment on tax does not equate to increase in consumption, the answer is a NO.
2. It engages in business activities from which it may earn revenues and incur expenses.
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
