Answer:
The correct answer is B
Explanation:
Holding inventory is the term which is defined as the costs which is linked with storing or keeping the inventory that remains unsold with the seller. These costs are one of the vital component of the aggregate inventory costs, along with the shortage costs and the ordering costs.
The reason for holding the inventory could be require protection from uncertainties, enable the firm in accomplishing the economies of scale, act as buffer among the channel of distribution and critical interfaces and enable the specialization in production.
Answer:
The answer to this question can be described as follows:
Explanation:
The beginning expenses relate to the costs incurred in starting of the company. Once starting Activities lead to successful trade, instead of investment amounts. It can be removed throughout the taxable income for the company will be the year of graduation. In this question two blank is available, which can be described as follows:
- Expenditures payment of living for the new company.
- Rs 5000 reduced by half the start-up expenses surpass 50,000 as far as the new company.
The Acid-test ratio of Blushing Co,. is 1.25.
Acid-test ratio is also known as the quick ratio. It is the ratio of a firm's current assets to its current liabilities. It is a type of liquidity ratio. Liquidity ratio measures the ability of a firm to meet its short term obligation. The higher the acid-test ratio, the higher the liquidity of the firm.
Acid test ratio = (current asset - inventory) / current liabilities
- Current assets - inventory = $105,000 - $60,000 = $45,000
- Current liabilities = $60,000
- Acid-test ratio = $45,000 / $60,000 = 0.75
A similar question was answered here: brainly.com/question/13972407
Personal goal: A personal goal I have is to be and active citizen to my community. Help others, pick up trash.
High school Goal: My high school goal is to graduate, so I can get into and Ivy League school.
Financial goal: My goal is to have enough money for my college tuition.
Answer:
1. 210.000
2. 140.000
3. No entral journey is required.
Explanation:
- To calculate the accumulated depreciation of the equipment:
Accumulated depreciation = depreciation expected for 1 year * 3 years
= (Cost of the asset - Residual Value)/Life of the asset * 3 years
= ((350.000 - 0) / 5) * 3
= 210.000
2. Calculate the amount to be adjusted to the retained earnings as show below:
Amount to be adjusted = Expense Wrongly debited - depreciation expense for 3 years.
= 350.000 - 210.000
=140.000
3. No journal entry is required to record in the books of accounts because the equipment will not have any value after 2019.
Thus, no journal entry is required.
