Answer:
merchandise inventory
Merchandise inventory
Merchandise inventory
Merchandise inventory
Merchandise inventory
Merchandise inventory
Explanation:
When the perpetual inventory method is being used, the accountant debits <u>merchandise inventory </u>and credits Accounts Payable (or Cash) when goods are purchased and debits Cost of Goods Sold and credits <u>merchandise inventor</u>y when gods are sold, along with the proper sales entry.
When the perpetual inventory method is being used, the accountant debits <u>merchandise inventory </u>and credits Accounts Payable (or Cash) when goods are purchased and debits Cost of Goods Sold and credits <u>merchandise inventor</u>y when gods are sold, along with the proper sales entry.
When the perpetual inventory method is being used, the accountant debits <u>merchandise inventory </u>and credits Accounts Payable (or Cash) when goods are purchased and debits Cost of Goods Sold and credits <u>merchandise inventor</u>y when gods are sold, along with the proper sales entry.
The cost of each sale transaction ensures that the merchandise inventory account under a perpetual inventory system reflects the updated cost of merchandise available for sale.
The answer for this question is: Stabilize the reaction
Chemicals with highly energetic reaction will have more risk to create high-energy force if we somehow fail to contain it safely.
When you need to evacuate, this type of reaction could create an explosion, so it's really advised to stabilize the reaction first.
Answer:
LeCompte Corp.
The profit margin that LeCompte Corp. would need in order to achieve the 15% ROE, holding everything else constant is:
A) 7.57%.
Explanation:
a) Data and Calculations:
Assets = $312,900
Common Equity = Assets = $312,900
Sales for the last year = $620,000
Net income after taxes = $24,655
Expected return on equity (ROE) = 15%
ROE (in amount) = $312,900 * 15% = $46,935
Profit margin = Returns on Equity/ Sales * 100
= $46,935/$620,000 * 100
= 7.57%
b) The expected returns on equity in dollars is equal to the net income. Therefore, we can use the ROE to calculate the profit margin. The profit margin expresses the relationship between sales and profit. It shows the profit made from each dollar sales.
Answer:
It will purchase three.
Explanation:
the return will be:
income / investment
1ST rug cleaners: 200/500 = 40% return
2 rug cleaners: 150/500 = 30% return
3 rug cleaners: 75/500 = 15% return
4 rug cleaners: 20/500 = 4% return
As the current market rate is 12% if the forth rug cleaner is pruchased it will not turn out profitable.
Answer:
Case 1 = $9,420
Case 2 = 0
Explanation:
Determining the amount of impairment loss is given below:-
Case 1
Impairment loss = Amortized cost - Fair value
= $41,640 - $32,220
= $9,420
Case 2
Impairment loss = Amortized cost - Fair value
= 91,800 - $102,220
= 0
Since, the fair value is higher than Amortized cost so the value of Impairment loss in case 2 is 0.
