Answer:
$111
Explanation:
Purchases;
A-G 7*7.5 $52.5
H-L 5*9.5 $47.5
M-R 6*10.5 $63
Total Purchases $163
Less;Sales
A,D,E 3*7.5 ($22.5)
H,J 2*9.5 ($19)
N 1*10.5 ($10.5)
Total Sales ($52)
Ending Inventory Cost =(purchases-sales)=$163-$52=$111
Klippert is best described as a SOLE PROPRIETORSHIP.
A sole proprietorship business is also called a one man business. In this kind of business formation, the owner of the business is responsible for starting the business and getting it ruining. The owner draws up the business plan, get the capital and see to the day to day activities of the business.
Pauly and ......................... leading to REDUCTION IN PRICE RESPONSIVENESS, WHICH ULTIMATELY LEADS TO INCREASE IN PRICE.
When the level of information that is available to the consumers is reduced, they will lack information about better alternative goods with cheaper price in the market, this will ensure that they pay the price that is been levied on a particular product, and this in turn can leads the producer to increase the price they charge for their products or services. Thus, reduced information gives individual firms some additional monopoly power
The borrower pays the proper amount due to the seller Cash 3270
<h3>Briefing:-</h3>
1. Interest income of $3000 X (0.18) = 540
2. $540 over six or twelve months equals 270.
3. Journal Entry 3,000 Notes Receivable Interest Revenue 270 Cash 3270
<h3>Interest income is it income?</h3>
Interest income is the profit made from lending money to other organizations. The phrase is typically used in the income statement of the company to describe the interest received on cash held in savings accounts, certificates of deposits, or other investments.
<h3>What do journal entries entail?</h3>
A firm keeps a journal, which is a succinct record of all transactions; journal entries describe how transactions influence accounts and balances.
The information in journal entries serves as the foundation for all financial reporting, and there are several versions to suit different corporate requirements.
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Answer:
Gross Profit = $5,172
Explanation:
For the information provided,
Manufacturing overhead at an activity level of 10,000 machine hours = $400,000
Thus, overhead per hour = $400,000/10,000 = $40 per hour
Direct material = $1,000
Direct labor cost = $1,500
Total manufacturing cost allotted = $40 
23 = $920
Total direct cost = $1,000 + $1,500 + $920 = $3,420
Sales revenue = $716 12 = $8,592
Gross profit = Sales - Cost = $8,592 - $3,420 = $5,172
