Answer:
Specialization is when a country or producer limits the types of goods they make to specialize in one item and make so much of it that they can send it to other countries. For example, USA specializes in corn becuase we can easily make it so we send it to other countries all over the world.
Perpetuity is a stream of cash flows
Answer:
Cost of goods sold = $95,000
Explanation:
<em>Cost of goods sold</em><em> is computed as</em>
Opening stock + purchases - closing inventory
<em>The figure is always subtracted from the sales revenue to degtremine the gross profit</em>
So we compute same for Gabrio Inc
Cost of goods sold = 19,000 + 87,000 - 11,000
= $95,000
Cost of goods sold = $95,000
Answer:
a) Sales returns and allowances $600
Accounts receivable $600
b) Merchandise inventory $350
Cost of goods sold $350
Explanation:
The Journal entry and their narrations are shown below:-
a. Sales Returns and Allowances Dr, $600
To Accounts Receivable $600
(Being sales return is recorded)
b. Merchandise Inventory Dr, $350
To Cost of Goods Sold $350
(Being merchandise inventory is recorded)
Answer:
The correct answer is letter "A": Demonstrate a commitment to ethical decision making.
Explanation:
If managers of companies desire their employees to adopt certain behavior -regardless of what behavior it is, they must set the example. In the case of ethics, executives should <em>commit to and promote fairness</em> among the institution so employees can correspond to that behavior in the same way.