Answer:
A) Debit retained earnings and credit inventory for $2 million
Explanation:
Since Robinson's inventory was overstated by $2 million (= $22 million - $20 million) because of the previous inventory method (FIFO), when the new method, average cost, starts to be used the inventory must decrease by $2 million and retained earnings as well.
Retained earnings is an equity account and it decreases, therefore it should be debited.
Inventory is an asset account and it decreases, therefore it should be credited.
Answer:
Interpersonal roles
Explanation:
Interpersonal roles spread the connections that a supervisor must have with others. The three jobs inside this class are nonentity, pioneer and contact. Administrators need to gather, scatter and transmit data and have three comparing.
It spread the connections that a supervisor must have with others. The three jobs inside this class are nonentity, pioneer and contact.
Answer:
read explanation
Explanation:
It is true that in many organization marketing does not have a place of importance in the organizational hierarchy as spending on marking cuts on their profit making. These firms need no marketing strategies as they are on regional or street or local level. Theses are small business. The customer base of these firms is near by public. These firms don’t work to reach far away customers
Answer:
14%
Explanation:
Net cash flow = $120,000
Annual Depreciation = [(Cost + Salvage value) / Useful life]
Annual Depreciation = [($400000 + 80000) / 8 years]
Annual Depreciation = $64,000
Net Income = Net cash flows - Annual Depreciation
Net Income = $56,000
Investment amount = $400,000
Accounting rate of return = Net Income / Investment amount
Accounting rate of return = $56,000 / $400,000
Accounting rate of return = 14%
Space X a domestic corporation is in Delaware
<h3>What is
Space X ?</h3>
Space Exploration Technologies Corp., headquartered in Hawthorne, California, is an American spacecraft manufacturer, space launch provider, and satellite communications corporation. Elon Musk founded SpaceX in 2002 with the goal of lowering space transportation costs in order to enable Mars colonization.
SpaceX is a private spaceflight company that launches satellites and astronauts to the International Space Station (ISS). Elon Musk, the company's founder, is also developing and testing a Starship system for lunar landings and, he hopes, future crewed Mars missions.
SpaceX is an American aerospace company founded by Elon Musk in 2002 that helped usher in the age of commercial spaceflight. Space Exploration Technologies Corporation is its full name.
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