Answer:
The ending merchandise inventory is $ 100
Explanation:
Computation of ending merchandise inventory
March 01 Opening inventory 25 units @ $ 20
March 15 Purchases 10 units @ $ 22
March 31 Sales (30) units
Units on hand 5 units
Under the LIFO inventory method, the units sold are from the last purchases and then the opening inventory.
In this case, the 5 units in inventory are valued from the opening inventory
Value of ending inventory 5 units @ $ 20 = $ 100
Answer:
Interest receivable A/c Dr $225
To Interest revenue A/c $225
(Being the accrued interest is recorded)
Explanation:
The journal entry to record accrued interest is shown below:
On December 31
Interest receivable A/c Dr $225
To Interest revenue A/c $225
(Being the accrued interest is recorded)
For recording this transaction we debited the interest receivable as it reflect in current asset and credited the interest revenue for $225 as it depict income
Fayol's function of management which means pulling organizational elements toward common goal objection is COORDINATING.
Fayol proposed that all managers perform the same basic functions, which are five in number, they are: planning, organizing, commanding, coordinating and controlling.
Answer:
Option B.
Explanation:
Unemployment is the situation in which people above eligible work age and who are available to work, have no form of paid employment, or are not self employed.
Therefore, in order to calculate unemployment rate, it must be noted that unemployed people are those who are out of work and actively looking for a job.
We can calculate the unemployment rate by first; dividing the number of unemployed people by the total number in the labor force, and then multiplying by 100.
Unemployment rate = unemployed people/total labour force X 100
This is the same as option B above.