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Elden [556K]
3 years ago
9

At the end of the year, Marline Corporation determines that its ending inventory has a cost of $2,000 and a net realizable value

of $1,900. What would be the effect of the adjustment to write down inventory to net realizable value
Business
1 answer:
Rufina [12.5K]3 years ago
6 0

Answer:

The answer is explained below;

Explanation:

  Inventory Cost                   ($2,000)

  Net Realizable Value          $1,900

  Amount written off                ($100)

This $100 amount will decrease our  net income on first instance and will also decrease our inventory.As a result of decrease in net income, the retained earnings will also get decreased and decrease in inventory will also decrease total assets in balance sheet.

The journal entry for this will be

Net Income             Dr.$100

Inventory                 Cr.$100                          

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On July​ 1, 2018, Mason​ & Beech Services issued $ 44 comma 000 of 11​% bonds that mature in five years. They were issued at
My name is Ann [436]

Answer:

The total amount paid to​ bondholders is $2,420.

Explanation:

Bonds are long-term liability or debt, usually issued at face value, discount or premium.

The total amount paid to bondholders on December​ 31, 2018 will be the semiannual interest payments, calculated as follows: Face value of the bond x Period interest rate (semi-annual).

Total payment: $44,000 x 11% / 2 = $2,420

8 0
3 years ago
A market development strategy may involve creating new uses for old products to stimulate additional sales among existing custom
maria [59]

Answer:

The correct answer is A. True.

Explanation:

Yes, it is a valid and accepted practice in macroeconomic terms. The basic premise of the goods and services market is to attract more buyers in order to maximize profits, and offering new products is an action that leads to that purpose.

4 0
3 years ago
Please please please help me please I don’t know how to do it please help me
Brilliant_brown [7]

Answer:

11) 9 cantaloupes

The answer would be 9 because three cantaloupes cost 7 dollars. And 7 times 3 equals 21. Then we would need to multiply the three cantaloupes by three to get the total amount if she has 21 dollars.

12) 20 Dirhams

The answer would be 20 Dirhams because 4 of them would cost 1 dollar. And if we add 4 more dollars it would equal 5. hen we would need to multiply 4 five times to get the total amount of Dirhams with the exchange of 5 dollars.

13) 8 Bunches of fennel

The answer would be 8 bunches of fennel because it cost 9 dollars for one bunch. And if we multiply it by two then we will get 18. Then if we get 18 we will need to multiply the four bunches by 2 since one bunch cost 9 dollars and two bunches cost 18.

14) Two fruit baskets

The answer would be 2 fruit baskets because if we were to buy on fruit basket it would cost 30 dollars. And we we would buy two it would cost 60 because 30 times 2 is 60.

15) 21 dollars

If I multiply 11.1 by 4 then I would get 44.4. Then I would need to multiply 5.30 dollars by 4 too and I would get 21.2 and round it up I get 21 dollars.

16) 40 peso

If I divide 121.10 by 3 then I would get 40.36... Then I would round the number to the nearest tenth and get 40 pesos.

17) 46 in width

The height / tall of the painting would not be affected because we didn't change the tall only the width. The width however would be 46.2 rounded down to 46. Because if I add 3.3 to 42.9 then I would get 46 as the width.

18) 16 cabbage

I divided 28.80 from 1.80 and get 16.

8 0
4 years ago
Bill and Sally have been tired of the corporate rat race. They leave their investment banking positions in New York, move to Col
Sveta_85 [38]

Answer:

Corporate dropouts

Explanation:

People become entrepreneurs for various reasons. Some have the internal drive to create something or provide a service and become entrepreneurs from a young age.

<u>Some others work for a period of time in an organization and due to certain factors, decide to quit their jobs to become entrepreneurs</u>. Such entrepreneurs are <u>corporate dropouts</u>.

They usually have some experience from their previous jobs that may be useful to them as entrepreneurs.

Billy and Sally are examples of entrepreneurs who are corporate dropouts.

5 0
4 years ago
Costco wants to know how to stock their warehouses for a future pandemic and are using current sales data to help them project t
erastovalidia [21]

Answer:

Predictive analytics.

Explanation:

Predictive analytics can be defined as a statistical approach which typically involves the use of past and present data ( factual informations) in order to determine unknown events or future performances of a business firm or organization. It is focused on determining what is likely to happen in the future.

In this scenario, Costco wants to know how to stock their warehouses for a future pandemic and are using current sales data to help them project the needs.

Hence, the kind of analytical technique Costco are using is predictive analytics.

8 0
3 years ago
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