Answer:
Under the cost of good sold method no journal entry will be required. The entries will constitute adjusted along with the sales.
Under the loss method we immediately pass a debit charge to cost of goods sold in the P&L, not awaiting its sales happening.
This makes the net income in that year lower. And makes the costs of goods sold method give a higher net income.
Explanation:
Answer:
$110,000 on maturity
Interest of $6,050 semiannually
Explanation:
Jordan will pay $110,000 at maturity date with 20 payments of $6050 as interest
11% bonds at par value = $110,000
Interest paid = Semiannually
Market rate = 10%
At maturity, the par value will be paid as the par value of Jordan issued bonds is 110,000, therefore, Jordan will pay 110,000 on the maturity date.
As the bonds are issued for 10 years with semiannual payments that will be like 20 payments of $6,050 (110,000 x 10% x 6/12)
Answer:
$3,750
Explanation:
The computation of the annual holding cost is shown below:
= Economic order quantity ÷ 2 × holding cost per box per year
where,
Economic order quantity = 500 boxes
And, the holding cost per box per year is $15
Now putting the values to the above formula
The annual holding cost is
= 500 boxes ÷ 2 × $15 per box per year
= 250 boxes × $15 per box per year
= $3,750
Answer:
The days' inventory outstanding was 107.35 days
Explanation:
The days' inventory outstanding indicates how many days on average a company turns its inventory into sales. Days' inventory outstanding is calculated by using the following formula:
Days' inventory outstanding = (Average inventory / Cost of goods sold) x 365 days
In there,
Average inventory = (Beginning Inventory for the year + Ending Inventory for the year)
/2
In Carey's Department Store,
Average inventory = ($4,000,000 + $6,000,000)/2 = $5,000,000
Days' inventory outstanding = ($5,000,000/$17,000,000)x365 = 107.35 days
A completely new business solution to solve marine pollution (which is caused by climate change is the production of a new organic material that can be used to clean marine bodies.
<h3>How will this organic material look like?</h3>
Chemicals and debris, the majority of which originates on land and is dumped or blown into the water, make up marine pollution. This pollution harms the ecosystem, the health of all living things, and global economic institutions.
Therefore, the organic material will be a combination of:
- Oysters
- Plants materials such as leaves, root or stems
- Coconut, etc.
Note that by working on the materials above, one can create an organic material that when scattered or place on top of water bodies, it will make all the pollutant to float upward and then they can be taken out of the water and also it can be taken by man as food as it is organic and would not be harmful to the body.
Learn more about marine pollution from
brainly.com/question/8565110
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