Answer and Explanation:
The journal entries are shown below:
1. Accounts receivable a/c Dr $1,840
To Sales revenue a/c Cr $1,840
(Being the sales is recorded)
2. Cost of goods sold a/c Dr $1,170
To Inventory a/c Cr $1,170
(Being the cost of goods sold is recorded)
3. Cash a/c Dr $1,840
To Accounts receivable a/c Cr $1,840
(Being the payment received is recorded)
Only these three entries are recorded
The statement, inventory can be calculated by dividing the total number of customers that arrived during a period of time by the length of that period of time, is false.
Inventory cannot be calculated by dividing the total number of customers which arrived during a period of time by the length of that period of time because that is how you calculate average flow rate.
First in calculating inventory, you will need to know the inventory levels on the first day of the accounting period. Then the inventory values must be multiplied by the number of items on hand with the unit price of the items.
Hence, one determines the total costs of goods available in that period to calculate inventory.
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Answer:
A. We can use Modigliani and Miller's first proposition to derive an explicit relationship between leverage and the equity cost of capital.
Explanation:
Their main conclusions can be summarized as: In the absence of taxes, firm capital structure is irrelevant. With taxes, a firm's cost of capital can be lowered through issuing debt. This highlights the importance of debt as a tax shield.
Modigliani and Miller's conclusion went against the common view that even with perfect capital markets, leverage would affect a firm's value.
A period of economic growth (fast growth in GDP) continually ends in inflation with diverse monetary charges. This inflationary increase tends to be unsustainable and ends in a bust (recession). The most important problem of the enterprise cycle is that a recession represents a huge wastage of sources.
Business cycles are the "ups and downs" in financial activity, described in phrases of durations of enlargement or recession. Throughout expansions, the financial system, measured via indicators like jobs, production, and sales, is developing--in actual terms, with the exception of the results of inflation.
The business cycles generated through fluctuations in inventories are referred to as minor or short business cycles. these durations, which generally close about two to 4 years, are now and again additionally called inventory cycles.
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Based on gdp the us economy has declined due to a number of reasons; the first one is because of the pheasant industry and it's decline in the perfect execution of pheasants.