Answer:
Dr Owner capital account $275
Cr Drawings Account $275
Explanation:
The initial entry was:
Dr Drawings $275
Cr Inventory $275
And the closing entry is to close the drawing account which is done by crediting the whole balance left in the drawing account and charging it to owner capital account. By doing so the drawing shows lowers the profit as the owner has not paid any cash and the drawing account closes at zero balance at the end of the year.
The thing that would most likely be a principal immediate threat to this firm is<u> Rapidly advancing technology</u>
<h3>What is a Business?</h3>
This refers to the venture that is embarked on, primarily for the aim of making a profit.
Hence, we can see that The thing that would most likely be a principal immediate threat to this firm is<u> Rapidly advancing technology</u>
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This is because with advances in technology, there would be cheaper alternatives that are better to manufacture the clothing and she would be pushed out of business.
Read more about business here:
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Answer:
–$32
Explanation:
Rosnan Industries' 2013 free cash flow (FCF)
<u>Details $ </u>
Net income 713
Add Non-Cash Expenses:
Depreciation and amortization 100
(Increase) decrease in non-cash current assets:
Decrease in accounts receivable (300 - 275) 25
Increase inventories (375 - 250) (125)
Increase (decrease) in current liabilities:
Increase in total current liabilities (375 - 210) 165
Capital expenditure:
Increase in net plant and equipment (2,300 - 1,490) (810)
Depreciation and amortization <u> (100) </u>
Free cash flow <u> (32) </u>
Therefore, Rosnan's 2013 free cash flow (FCF) minus $32.
The answer to this statement is True goods and services can be easily balanced and purchased at certain prices and if needed the prices will increase
Answer:
a. A. Manufacturing overhead cost
b. B. Direct material cost
c. B. Direct labor cost
d. C. Period cost
Explanation:
Property taxes incurred on the factory ; Are included in manufacturing and product cost as a manufacturing overhead.
Materials to manufacture jeans : Are included in manufacturing and product cost as a direct materials cost.
Assembly line worker's wages : Are included in manufacturing and product cost as a direct labor cost
Depreciation on printers at sales office : Are expenses during the period.They are not included in product cost.
