Answer:
it expexts that this will increase sales and profits
Explanation:
Answer:
B) Accounts Receivable
Explanation:
Based on the information provided within the question it can be said that as of December 31st the account that should appear on the balance sheet are accounts receivable. These are claims for a payment for goods or services provided by the firm, and are usually sent in the form of invoices to the customer that needs to pay them in a given amount of time.
The correct choice would be that Carina should have subtracted 3.40 from 5.27 which lead to wrong further calculation. So, the correct option from the quoted statement is B.
The calculation can be done to find the value of <em>x </em>after quoting the correct equation and solving by further using the simplification method.
<h3>Simplification of mathematical equation. </h3>
- The computation of the amount of tomatoes can be done after assuming that the initial equation given is right.
- With the given information, we can simplify further to find that,
- So, it is clear that Carina bought tomatoes worth 2.2USD
Hence, the correct choice is B, that Carina should have subtracted 3.40 from 5.27 to find the value of tomatoes bought.
Learn more about Simplification of equations here:
brainly.com/question/2495843
Answer: D) It increases liabilities and decreases stockholders' equity by $1.2 million each.
Explanation:
Even though the company has not paid for the advertisement, the expense has already been incurred and by the Accrual principle of accounting it needs to be recorded.
It will therefore be recorded as an expense which will reduce the Income for the year which is a Stockholder equity account so therefore it will reduce the Stockholder account by $1.2 million.
Because the company has not yet paid for the advert, the amount have to be recorded as a liability to the company so liabilities will increase by $1.2 million.
Answer:
The answer is "present value= 9952.87"
Explanation:
Given value:
Using formula: