Answer:
Inventory Balance to be reported at year end is C. $135,000
Explanation:
Ending Inventory = Opening Inventory + Purchases - Sales
<u>Calculation of Inventory Balance to be reported at year end</u>
Opening Inventory $9,000
<em>Add</em> Purchases of Inventory $180,000
<em>Less </em>Sales at cost of Inventory ($54,000)
Ending Inventory $135,000
A credit to a liability account would happen upon the sale of a product because the Merchandise that was sold is subject to state sales tax.
<h3>What do credit do to liabilities?</h3>
In accounting, a credit is always been positioned on the right side of an entry and it effect is that it increases liability, revenue or equity accounts and decreases asset or expense accounts.
Because the state sales tax is seen as expenses, then, a credit to a liability account would happen upon the sale of a product because the Merchandise that was sold is subject to state sales tax.
Read more about liability account
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Answer:
a. My question will be to ask them "do you have life insurance?"
Life insurance is defined as a form of indemnity against a future occurrence on the life of an individual . In any case of death, the insurance policy pays a sum of money to the beneficiary.
b. The answer i will be looking for in a skydiving mate will be an individual that has life insurance. This is because an individual with life insurance will be more careful.
Answer: Surplus
Explanation: Surplus or as commonly referred to producer surplus is the amount of utility satisfaction that a producer gets in making a sale of a good or service produced. It is calculated by subtracting the price that a producer is willing to accept from the price he or she actually receives in exchange for that commodity from the consumers.
Answer:
The correct answer is C
Explanation:
Execution phase of the project is generally the longest phase in the life cycle of project management and also consumes the energy as well as resources. These process help in managing the issues, time, cost, change and quality.
The execution phase is the phase which has long time duration and it develop or create the team of project for the product or service and then present the final or finished product to the customer.
Therefore, in this case, is the execution stage the person is assisting.
