Answer:<u><em> Cost of goods sold</em></u> would be a debit entry to eliminate the intra-entity transfer of inventory.
Cost of goods sold is known as the direct costs ascribable to the production of the commodity sold in a organization. This considers the cost of the materials that has been substantially used in making the commodity including the labor costs.
<u><em>Therefore, the correct option is (b)</em></u>
Answer:
Federal Trade Commission
Explanation:
The Federal Trade Commission was established in 1941 by the Federal trade commissions Act. Its mandate is the enforce laws that prohibit anti-competitive business activities and protect consumers from deceptive and unfair trade practices. The commission seeks to have better customer decisions by promoting consumer awareness on fair business competitive processes.
FTC also seeks to protect consumers from misleading or false business advertisements. It investigates consumer complaints and prosecutes traders believed to have broken the law.
Answer:
any program or number of programs designed for end-users. That’s it, in a nutshell. In that sense, any end user program can be called an “application.”
Answer:
increase in real wages, hiring less workers
Explanation:
In the case when the nominal wages are remain same but at the same time the level of the price should changed so if there is an decrease in the level of the price so that means there is an increased in the real wages as it is an inverse relationship between the real wages and the price level due to this the firm could hired less workers as the wages are increased
Answer:
The accounting equation states that "Assets=Capital Liabilities"
As a result, the equation here gives $11250 on both sides of the question.
The profit or loss statement gives net income of $11250 as well ,while the balance sheet has $11250 total as assets, the same as equity plus liabilities.
Finally,the statement of cash flow showed increase in cash and cash equivalent in the year as $9400.
The rent expense applicable to year 2 is the balance of prepaid rent which currently stood at $1850
Explanation:
Please find attached spreadsheet showing details regarding all the financial statements prepared in respect of Life Inc.
