Answer: (B) Credit to Merchandise Inventory for $50
(C) Debit to Cost of Goods Sold for $50
We will make these 2 adjusting entries and the reason for that is because the inventory is decreasing by 50 and it is an asset and when asset decreases we credit it. Now that we know that inventory is 15,000 the other 50 must have been cost of goods sold, so cost of goods sold need to be increased by 50 and we will debit cost of good sold by 50 because it is an expense and whenever an expense increases we debit it.
Explanation:
Answer:
a bigger space
Explanation:
a bigger space because u have a alot to do. you can have more people working. or if it private then a room for secretary and your office in the business
This statement is false.
When an entrepreneur buys into a franchise they will always have franchise fees, even after their intial investment is paid for. The additional fees that they always pay include charges for things like marketing and royalties. These fees are normally based on a percentage of a business’s sales.
Answer:
the number of packs of cards sold is 810,000 units
Explanation:
The computation of the number of packs of cards sold is shown below:
Tax revenue = tax per good × goods
$48,600 = 0.06 × Q
Q =$48,600 ÷ 0.06
Q = 810,000
hence, the number of packs of cards sold is 810,000 units
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
$4,807.69
Explanation:
The first step is to calculate the requirement for coinsurance
= 80/100 × 130,000
= 0.8× 130,000
= 104,000
Therefore the amount in which the insurance person will pay can be calculated as follows
= 100,000/104,000 × 5000
= 0.96153×5000
= $4,807.69
