Answer:
The activities are:
1. Transport
In the cutting edge times there is a tremendous distance between places of creation and the places of utilization. This trouble is eliminated by a significant guide to exchange known as Transport.Transport makes place utility.
2. Communication
Communication implies sending or trade of data starting with one individual then onto the next.
Communication can be oral or recorded as a hard copy. It is important to impart data starting with one then onto the next to finish and settle the terms of deals, for example, costs of products, markdown permitted, the office of credit, and so forth
3. Banking
Banking tackles the issue of money. Finance managers get cash and furthermore pays cash in huge sums. It is unsafe to convey a lot of money starting with one spot then onto the next. Here comes Banking as an answer. Banking and monetary organizations take care of the issue of installment and encourage a smooth trade among purchaser and dealer. The finance managers may likewise require present moment and long haul reserves. Banks give such account to money managers.
4. Advertising
Advertising fills the information hole and it unravels the trouble of data. Trade of merchandise and ventures conceivable just if makers can carry the items to the customers. Advertising and exposure are significant media of mass correspondence. Advertising encourages buyers to think about the different brands fabricated by a few makers. The media used to publicize items are Radio, Papers, Magazines, television, the Web, Bulletin, and so on
Explanation:
Trade of products includes a few challenges, which are eliminated by helpers or strengthening underpins known as Aids to Trade.
Here, guides to exchange alludes to every one of those elaborate exercises, which straightforwardly or in a roundabout way encourages smooth trade of merchandise and enterprises.
A s<span>tockbroker</span> is a registered representative acting as an intermediary to buy and sell securities for clients.
Answer:
Find in the excel file attached detailed adjusting entries required for all transactions in the question.
Explanation:
Please note the analysis of each transaction done under the heading "particulars".
Answer:
The Cost of good sold will decrease by 10,000
The other accounts balance will be the same.
<em>Missing Information:</em>
Ending balances in the relevant accounts were:
Work-in-Process 40,000
Finished Goods 80,000
Cost of Goods Sold 680,000
Explanation:
The company applied overhead for the amount of 435,000
This was charged into finished good which latter become cost of goods sold.
Then, as the actual overhead was 425,000 we have to adjust for the over-applied overehad. We applied more than it cost so we have to reduce it.
435,000 - 425,000 = 10,000
<u>We will decrease our COGS against the factory overhead account.</u>
COGS 10,000 debit
factory overhead 10,000 credit
Answer:
The correct word for the blank space is: equity.
Explanation:
People expect the government to implement policies that will boost the overall economy and that will provide equal opportunities. Though, sometimes certain criteria must be met so those policies can apply. This causes people who are not eligible to access the policies' benefits to believing the regulation itself does not have an equity principle.
