Answer:
Cash account
debit credit
opening 70,000
2) 50,000
4) 230,000
<u>5) 175,000</u>
75,000
Accounts receivable account
debit credit
opening 53,000
3) 250,000
<u>4) 230,000</u>
73,000
Accounts payable account
debit credit
opening 32,000
1) 195,000
<u>5) 175,000 </u>
52,000
Merchandise inventory account
debit credit
1) 195,000
<u>3) 140,000</u>
55,000
Wages expense account
debit credit
2) 50,000
Sales revenue account
debit credit
3) 250,000
COGS account
debit credit
3) 140,000
The correct answer is "merchandise." "Merchandise" signifies the products that a company sells and that customers buy. Since the collective's focus is on which type of biscuit (not on the location of the store, or on the dog owners, or on the price of the biscuits), the retail strategy element concerns these products, or merchandise.
Answer:
A shortage, in economic terms, is a condition where the quantity demanded is greater than the quantity supplied at the market price. There are three main causes of shortage—increase in demand, decrease in supply, and government intervention
Answer:
96%
Explanation:
Value of the home: $412,000-Down Payment $16,480 = $395,520
Formula for LTV(Loan to Value Ratio): Loan Amount / Appraised Property Value
LTV: $395,520/$412,000 = 0.96 or 96%
They don't hit their break even point with all of the additional costs. They are still $11060 under the break even point at the end of the month
