Because the consumers are losing jobs, which leads to less purchases. Hope this helps!
Answer:
Debit equipment for the amount of $140,000
Explanation:
Based on the information we were told that the industries purchased an equipment for the amount of $140,000 in which the equipment is expected to be use over the next 10 years which means that Recording this transaction would include a DEBIT to equipment for the amount of $140,000 which is the amount that was used to purchased the equipment.
Hence, we are going to Dr Equipment for $140,000
Two acts that the TUMI manufacturers comply with are:
- Environmental regulations
- labor and employment act
<h3>The corporate responsibility of this organization</h3>
As a result of the corporate responsibility of this business group, they are known to respect environmental laws.
This law requires them to avoid the use of chemicals and substances that are harmful to the environment.
Also the business has to comply with laws that concerns labor and employment.
Read more on corporate social responsibility here:
brainly.com/question/1373962
Answer:
If LIFO inventory at the end of 2016 would have been $80,000 higher using FIFO, it means that when using FIFO the cost of goods sold would have been 80,000 lower.
Which would mean that the reproted retained earnings would have been 1,750,000+ 80,000=1,830,000
Debit Credit
Inventory 80,000
Costs of good sold 80,000
Explanation: