Answer:
$24,000
Explanation:
According to the consignment accounting, it States that any inventory sent on consignment by the consignor to the consignee, belongs to the consignor until the inventory is sold by the consignee.
Regarding the above, Mogu company sent inventory costing $100,000 and out of this, only $76,000 has been sold. The remaining inventory still belongs to the consignor and the amount of this inventory is;
$100,000 - $76,000 = $24,000
Therefore, Mogul would report $24,000 worth of inventories at year end.
Answer:
Cost the lower the demand
Answer:
The correct word for the blank space is: Sociocultural.
Explanation:
Sociocultural forces refer to all cultural features a society possesses such as <em>language, values, </em>and <em>customs</em>. In business, sociocultural features can be an opportunity or a threat firms must identify while promoting or introducing a product into a foreign market. Companies must make sure that the introduction of those goods or services is as smooth as possible for the association to achieve its goals.
Answer:
the answers are given below;
Explanation:
A) February 1,
Bad Debt Expense Dr.$6,800
A/R-Oakley Co. Cr.$900
A/R-Brookes Co. Cr.$5,900
B) June 5,
A/R-Oakley Co. Dr.$900
Bad Debt Expense/Retained Earnings Cr.$900
Cash Dr.$900
A/R-Oakley Cr.$900
