Answer:
A
Explanation:
owners equity=assets-liablility
Answer:
Value of ending inventory = $960.4
Explanation:
To value inventory, The weighted average inventory method uses the value of weighted average price of all the batches purchased till date. The weighted average price is re-computed whenever a new batch of stock is received.
Step 1
<em>Calculate the weighted average price</em>
For Glasgow, we can work out the weighted average price as follows:
The total value = (65 × $3.40) +( 310× $3.90) +( 145 × $4.00) + ( 60 × $4.40)
= $2,274
The total quantity purchased before sales
= 65 + 310 + 145 + 60
= 580 units
Weighted average price
= $2,274/ 580 units = $3.92
Step 2
<em>Calculate the closing inventory units</em>
<em>Closing inventory = opening inventory + purchases - sales</em>
= 65 + 310 + 145 + 60 - 335
= 245 units
Step 3
<em>Value the closing inventory</em>
= 245 × $3.92
= $960.4
Value of ending inventory = $960.4
Answer:
Debit notes Payable $6,900
Debit interest expense $69
Credit cash $6,969
Explanation:
The interest amount payable on maturity is $6900*6%*2/12=$69
The actual principal remains at $6900
The appropriate entries would to debit notes payable with $6,900 and interest expense with $69 while the credit of $6969 goes to cash account representing an outflow to settle the obligation.
The rationale for this is that settle of an obligation would require debit the payable account.
Answer:
b)31.7%
Explanation:
The number of types of complaints is given below;
Offensive racially/ethnically 15 Demeaning to men 13
Demeaning to women 19
Ad is incomprehensible 8
Other 5
Total=15+13+19+8+5=60
(a)See Attached Diagram for Pareto Chart
(b)The Most Prevalent Complaint is that the Ad is Demeaning to Women. The frequency=19
Total=60
Percentage of Most Prevalent Complaint=(19/60)*100=31.7%
Answer:
False
Used item clothings aren't included in GDP.
The GDP includes only items produced in a given year. The items would have been included in the year they were produced and adding them to GDP again would be double counting
Explanation:
Gross domestic product is the sum of final goods and services produced in an economy within a given period which is usually a year.
GDP calculated using the expenditure approach = Consumption spending + Investment spending by businesses + Government Spending + Net Export
I hope my answer helps you