Answer:
A) Finished Goods
Explanation:
Instead of finished goods it should be merchandise inventory or just inventory. Inventory is an asset account, and when it decreases it must be credited. In this case inventory decreases because the goods are shipped to the clients.
You should complete the journal entry with a debit to accounts receivable or cash, depending on the sales terms.
On a separate entry, you should credit sales revenue and debit cost of goods sold.
- Dr Cash / Accounts receivable
- Cr Finished Goods Inventory
- Dr Cost of Goods Sold
- Cr Sales Revenue
Answer:
$9,000
Explanation:
Last year, Raphael bought a bond for $10,000 that promises to pay him $900 per year
Interest rate = $900/$1000 * 100 = 9%
This year, he can buy a bond for $10,000 that promises to pay $1,000 per year.
Interest rate = 1,000/10000 * 100 = 10%
If Raphael wants to sell his old bond, he has to lower its price in order to compensate for rise in interest rate. The bond, which he would sell, should pay 10% interest PA
=>> 900/10% * 100 = $9,000
So, the bond price is likely to be $9,000
Answer:
Future value of the island = $90,173,767 (Approx)
Explanation:
Given:
Present value in 1626 = $24
Annual interest rate = 4% = 4 / 100 = 0.04
Number of year (1626 - 2012) = 386 years
Future value = ?
Computation of future value:
Future value of the island is $90,173,766.70
Future value of the island = $90,173,767 (Approx)
The grey lines are the boundaries between the Earth's tectonic plates, and the map shows the correlation between the two. Earthquakes occur due to plate movements. Friction prevents the plates moving past each other smoothly, and stresses build until they exceed the frictional force.
Hope this helps! : )
Answer: Young poultry is best for roasting, broiling, and frying. Older poultry requires braising or stewing methods. Either way, slow, even heat should be used for tender, juicy, evenly done poultry.