Answer:
1. Yes; Journal entry
2. Debit- Printing & Stationery Expense $160 (value for 8 boxes)
Credit- Cost of goods sold or Trading account A/c $160
3. Leaves to the cost of goods sold account
Explanation to:
1. Mackalaya used inventory. Remember, inventory is a term used to refer to all the merchandise (goods or products) a company has at the moment in stock.
2. The Journal entry to be made would be
Debit- Printing & Stationery Expense $160 and Credit this value to Cost of goods sold or Trading account A/c section of the Journal entry.
3. Remember, the cost of goods sold cares for all inventory sales, therefore it would be credited with value of the inventory item sold by the company.
A antonym for delicate could be firm
Answer:Flint corporation journal $
Date
1. Bank account Dr 7800
Common stock Or. 7800
Narration. Issuance of 700 ordinary stock for $7800 .
2. Bank account Dr 7800
Common stock Cr. 1400
Share premium. 6400
Narration. Issuance of 700 ordinary at $7800 at a premium.
Explanation:
Shares can be issued at par, premium or discount. When it's issued at it's nominal value it's said to be issued at par, when it's issued above it's nominal value it's said to be issued at a premium and when it's issued below par it's said to issued at a discount.
Answer:
$415,000
Explanation:
Following is the formula for cash flow:
<em>Ending Cash Balance = CFO + CFI + CFF + Beginning Cash Balance</em>
<em>CFO = Cash flow from operating activities</em>
<em>CFI = Cash flow from investing activities</em>
<em>CFF = Cash flow from financing activities</em>
We can easily rearrange the formula to find CFO
<em>Ending Cash Balance - CFI - CFF - Beginning Cash Balance = CFO </em>
<em>or </em>
<em>CFO = Ending Cash Balance - CFI - CFF - Beginning Cash Balance</em>
<u>Solution</u>
<em>CFO = $415,000</em>
Answer: advertising, publicity, and personal selling- that stimulates interest, trail or purchase by final customers or others in the channel.
Explanation: Sales promotion are promotional activities used to stimulate consumers into purchasing a certain product. Sales promotion usually takes the form of giving discounted prices to customers, giving out extra incentive or gift items, freebies, voucher cards, coupon and other promotional offers which gives consumers extra material benefit when they purchase an item. Promotional offers are usually made during certain periods such as festive seasons, company anniversary or occasionally in other to drive sales or to wow customers.
