Answer:
<u>Perpetual Inventor System.</u>
<u> DR CR</u>
<u> $ $ </u>
March 2
(a) Accounts receivable $850,000
Revenue $850,000
Cost of goods sold $500,000
<u> Inventory $500,000</u>
March 6
(b) Inventory $60,000
Cost of goods sold $60,000
Revenue $100,000
<u>Accounts receivable $100,000 </u>
March 12
(c) Bank/Cash $850,000
<u> Accounts receivable $850,000 </u>
Explanation:
perpetual inventory system is an inventory system where inventory records are updated to reflect additions and subtractions inventory. Records will be made when inventories are received, goods are sold items returned, etc.
Answer:
decline in the health of many large financial firms and banks
Explanation:
During the Great Recession, a major financial crisis followed the collapse of housing prices, which led to the decline in the health of many large financial firms and banks. That is because too many individuals lost all of their money in investments which causes the banks to lose money as well on the loans that they provided to those individuals.
I'd say choice A is the most important because you want to seem like a good, responsible employee
Answer: $12,000
Explanation:
As no production has been started yet, no other costs have been incurred by Naples for the equipment other than the $12,000.
The lowest price that Tebit should offer therefore should be the price that the equipment was purchased for as the equipment has not not been used to produce anything and so has not incurred any variable costs or donated any incremental value that would decrease or increase its value.
