Answer:
Depreciation
Explanation:
Depreciation is the systematic allocation of estimated cost to an asset. Methods include straight line, sum of the year digits, double declining etc. The entries for recognizing this cost are;
Debit depreciation expense
Credit Accumulated depreciation
Hence to account for this decrease in usefulness, the cost of fixed assets is systematically allocated to expense through a process called depreciation.
Answer:
b. the principle of rights.
Explanation:
Principle of rights in business considers if actions are ethical and how it will affect other's rights.
Principle of rights is a concept postulated by Immanuel Kant, and it is of the view that citizens trust the government to create favorable laws for their citizens. Government will not breach trust by drafting laws that will violate freedom of rights of the citizens.
The right intentions must be present when making decisions that affect people and their interest should not be violated.
Glenda believes everyone has fundamental human rights, and is practicing principle of rights.
Answer:
A. Wednesday
Explanation:
On which of the given days do you get a margin call? On Wednesday
Margin account will falls below the maintenance margin of $2,000 after the market close on Wednesday.
The margin call will be $2,000 - [2,700 - (100,000 - 97,843.72)] =$1,456.28.
The adjusted trial balance represents the cost of goods sold as well as total sales. Thus, option D is correct.
<h3>What is the cost of goods sold? </h3>
Cost of goods means the direct cost that is included in the making of the goods. The cost of goods is calculated by adding the purchase price of the commodity and deducting the closing inventory.
A report known as an adjusted trial balance lists all the debit and credit firm accounts exactly as they would appear on the accounting records after reconciliations have been made. Therefore, option D is the correct option.
Learn more about the cost of goods sold, here:
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Answer:
The closest answer is 49.
Explanation:
Given that,
Annual demand, D = 43,000 units
Ordering cost, O = $200
Per unit cost of the item = $50
Annual holding cost, H = annual holding rate × Per unit cost of the item
= 35% × $50
= $17.5
= 991.39
= 992 units
Therefore,
Number of orders per year = Annual demand ÷ EOQ
= 43,000 ÷ 992
= 43.34
Hence, the closest answer is 49 and this is not given in the question.
