Answer:
D. Debit to Accounts Receivable
Explanation:
Transaction of sale in Perpetual Inventory system will be recorded as follow:
Dr. Cr.
Account Receivable xxx
Sales xxx
Cost of Goods Sold xxx
Merchandise Inventory xxx
There is no entry to purchases, cost of goods sold is debited and inventory is credited. So, the only correct option which is dealt in above transactions.
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Answer:
The 1-year HPR for the first stock is 16.18%
Explanation:
The computation is shown below:
For investment 1 -
The formula is shown below:
= (Income × quarter ) +Value at the end - Value at the beginning ÷ (Value at the beginning) × 100
= {($0.38 × 2) + $29.25 - $25.83} ÷ ($25.83) × 100
= ($0.76 + $29.25 - $25.83) ÷ ($25.83) × 100
= ($4.18 ÷ $25.83) × 100
= 16.18%
Answer:
A. $119,000
B. 10%
C.$11,900
Explanation:
Deprecation is a method used in expensing the cost of an asset.
The depreciable cost = Cost of asset - Salvage value = $123,800 - $4,800 = $119,000
The straight line rate = 1/10= 0.1 = 10%
annual straight-line depreciation = depreciable cost × straight line rate = $119,000 × 0.1 = $11,900
I hope my answer helps you
Answer:
It is not efficiently using all of its resources.
Explanation:
PPC is the graphical representation of product combinations that an economy can produce, given resources & technology.
- Points on PPC reflect the best potential production of economy, by best efficient utilisation of available resources & technology.
- Any point under PPC reflects production under best potential of economy, by inefficient utilisation of resources.
- Points beyond PPC are unattainable, unless growth in either resources/ technology shifts the PPC curve outwards.
