Answer:
The adjusting entry is shown below.
Explanation:
According to the scenario, the given data are as follows:
Estimated depreciation for year = $4,300
So, the adjusting entry for depreciation is shown below:
Adjusting Entry
Dec.31
Depreciation expense A/c Dr. $4,300
To Accumulated Depreciation-Equipment A/c $4,300
(Being the Depreciation expense is recorded)
There can be a lot of ways. But here are 4 of it.
- Talk to the person and try to compromise to his complains.
- Give him or her the chance to hold accountability.
- Boost his or her confidence to be able to stand up next time on his own.
- Do not be too much available for them to depend.
Answer:
2. Only counting final goods
Explanation:
When defining national income accounting and terminolgies, emphasis is always laid on "...total value of FINAL goods...". This is as a result of avoiding double counting. If intermediate goods were counted alongside final goods, it would be double counting because intermediate goods are used in producing those final goods. Final goods are good meant for final consumption. The other method used in avoiding double counting ( counting of the value of the same product more than once) apart from counting final gooda is Value added approach.
Is there anymore answers so i can help u? but i feel like it would be sense of humor.
Answer:
The correct option is a) Gross profit and ending inventory.
Explanation:
The inventory technique is a method of accounting for calculating the value of an inventory. The approach calculates the ending inventory balance by comparing the inventory cost to the merchandise price.
There are three methods for valuing inventory whic are FIFO (First In, First Out), LIFO (Last In, First Out), and WAC (Weighted Average Cost) (Weighted Average Cost). The gross profit and ending inventory are affected differently by each of these costing methods.
This implies that the selected inventory costing method impacts gross profit and ending inventory.
Therefore, the correct option is a) Gross profit and ending inventory.
