Answer:
The correct answer is A.
Explanation:
Giving the following information:
July 1: Beginning Inventory 31 units at $16 $496
July 7: Purchases 109 units at $16 $1744
July 22: Purchases 16 units at $17 $272
A physical count of merchandise inventory on July 30 reveals that there are 39 units on hand.
FIFO (first-in, first-out)
Units sold= (31 + 109 + 16) - 39= 117
COGS= 31*16 + 86*16= $1,872
Increased presence of visitor spending
I hope that helped
Answer:
December 31
- Dr Equity Investments account (Blue Mission) 34,000
-
Cr Revenue from Investments account 34,000
Explanation:
Since Base owns 34% of Blue, they should record 34% of Blue's net income = $100,000 x 34% = $34,000
December 31
Dr Equity Investments account (Blue Mission) 34,000
Cr Revenue from Investments account 34,000
Equity investments account is an asset account and it increases, therefore it should be debited.
Revenue from investments is a revenue account and all revenue is credited.
Answer:
Product
Explanation:
Marketing mix involves four elements
a. product
b. price
c. place
d. promotion
The statement given indicates that the recipe of cookies focuses on the product element of marketing mix.