Explanation:
The interest = PTR/100
So, here P = Principcal
T = time
R = Rate of interest
= 14000 x 6 x 1 / 100 = 840
So interest = 840
So, The amount at the end = Principcal + Interest
= 14000 + 840 = 14840
Answer: Debit: Cost of goods sold $1400
Credit: Inventory $1400
Explanation: The lower of cost or LCM rule indicates that a company needs to value it's inventory at the end of the year at whatever cost is lower, between the actual cost of the inventory or its market price currently. This is in accordance with US GAAP.
In Mariah Company the historical cost, which is the actual cost of the inventory and thus what it is valued at in the books, is $74000. Replacement cost, which is how much it would cost to replace an asset based on market rates, is only $72600. The replacement cost is thus lower. Since the inventory is still valued at historical cost in the books, it will have to been written down to the replacement cost value. To do this the difference between both costs will need to be deduced. Difference is thus: $74000 - $72600 =$1400.
When write down occurs, this is expensed to cost of goods sold. This is because there is a decrease in closing inventories. If there is a decrease in this figure then it will lead to a subsequent increase in cost of goods sold, leading to it being debited to show this increase (remember the formula to calculate cost of goods sold). Inventory is credited as the value of this inventory has decreased, and inventories decrease on the credit side.
Answer:
yes an organization/ job will always exist even if no one wanted the job or no one presented because its part of a buissness requirement
hope this helps!
Correct Question: A type of coverage with a small face amount, typically purchased to pay the burial expenses of the insured, is called a(n) _________ plan:
A. Family
B. Industrial
C. Interment
D. Annuity
Answer:
B. Industrial
Explanation:
Also called a pre need insurance, industrial insurance is the type of insurance that is procured to take care of future occurrence such as burial.
If you're interested in a career's long-term growth and stability, you should investigate what the average wage is. Thus, option (C) is correct.
<h3>What is the investigation?</h3>
A detective's job is to conduct investigations. Private investigators conduct investigations. A criminal investigation is the study of facts used to track down an alleged criminal and establish his or her guilt. The division of the British Police responsible for criminal investigations is where plainclothes detectives work.
The average pay, on the other hand, is calculated by dividing the total number of salaries by the total number of salaries. For illustration, let's take a look at three employees with wages of $20,000, $30,000, and $50,000 each. Currently, the average pay is 33,333 and the median wage is 30,000.
Therefore, Thus, option (C) is correct.
Learn more about the investigation here:
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