Under the perpetual inventory system, when a wholesaler returns goods purchased on account, the <u>Merchandise Inventory</u> account is credited.
Merchandise inventory incorporates the goods that outlets and resellers have purchased with the rationale to promote to clients. products stock is categorized as a current asset on the organization's balance sheet. For some stores, it is their biggest asset.
Let's consider a fixtures shop buys desks with the intention to be bought immediately to the give up a customer. The store additionally buys computers for personnel to apply frequently. here, the desks may be categorized as products stock, but no longer the computers.
Inside accounting, products are taken into consideration as present-day assets because it's commonly anticipated to be liquidated (sold, become cash) within a yr. while bought, merchandise should be debited to the inventory account and credited to cash or accounts payable, depending on how the products were paid for.
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Answer:
change in output of +3%
Explanation:
Economic Growth is the increase in level of economic activity, increase in level of goods & services produced in an economy.
So, the best example of economic growth is 'change in output of +3%' as it illustrates the case given in above statement.
Consumption proportion, movement towards ppc origin (better efficient resource utilisation), better capacity & employment - are not the direct parameters of economic growth.
Answer:
Present value of annuity P = $137,639.05 (Approx)
Explanation:
Given:
Amount withdraw A = $12,000
Number of year n = 20
Rate r = 6%
Find:
Present value of annuity P
Computation:
P = A[1-(1+r)⁻ⁿ]/r
P = 12,000[1-(1.06)⁻²⁰]/0.06
P = 12,000 x 11.46992122
P = 137,639.05 (Approx)
Present value of annuity P = $137,639.05 (Approx)
<span>When government sets a price for a good above equilibrium, there will be a surplus. The other choices in the question are incorrect. The correct option among all the options that are given in the question is the fourth option or the last option. I hope that this is the answer that has helped you.</span>
Answer:
$40,000
Explanation:
Cash flow from financing activities; Amount in $
Issuance of common stock 247,000
Retirement of bonds (100,000)
Payment of interest on debt (12,000)
Cash dividend paid (95,000)
Net cash flows 40,000
Dividends received are shown in operating cash flows where as capital assets are shown in investing activities.
