Answer:
a. Accounts Payable—Smith Co.; Merchandise Inventory
Explanation:
We assume that Jones Co. purchased merchandise on account.
In order to record the purchase returns we do the following,
Smith Co, debit, since this is a payable account and credit by nature, we debit it to reduce the balance payable amount by the amount of inventory returned.
We also credit out merchandise inventory, since it is reduced and no longer has the returns accumulated.
Option A is the right answer.
Hope that helps.
Answer:
- Someone who combines the factors of production into a business
- -Someone willing to risk loss and failure for profit.
Explanation:
An entrepreneur is a person who starts and sets up their business.
Characteristics of Entrepreneurs
- Entrepreneurs have Self-Motivation and effective communication skills.
- They are natural managers with the capability to motivate, encourage and inspire people in their team.
- They have Money management and handling skills.
- They are prepared to take a risk for profit.
- They take big decisions very carefully.
- They are confident,creative and Open-Minded.
THE PROGRAM MANAGER will approve the realignment. The program manager is able to approve this realignment because a reprogramming action is not required. If a reprogramming action is required, that meas the change will be substantial, in this case the program manager will not be qualified to approve the realignment.
Ellie would have annual expenses of $15000+$3000+$1000+$1200+$35000=$55,200. If she cashed in her $20.000 deposit then her balance owing would be $35,200 so she would have to make at least this much or preferably the $55,200 to break even.,
I think it'd be E. I hope that helps!
