Answer:
Refer explanation
Explanation:
1. Purchase of Inventory ($302000)
This transaction has occurred on account which means that payment was not made immediately but would be made at a future date, thus a creditor to the business.
Debit : Purchases account : $302000
Credit : Accounts Payables account : $302000
2. Sale of inventory ($504000)
The sale of inventory requires two separate transactions. The sale is accounted and along with this, the amount of inventory sold would also have to be accounted as an asset reduction.
A. To reduce inventory:
Debit : Cost of Sales account : $327000
Credit : Inventory account : $327000
B. Record the sale:
Debit : Accounts Receivables account : $504000
Credit : Sales account : $504000
This too is a sale on account which means that a debtor has been incurred who will pay for the sale at a later date.
<span>In the early days of it, the cio would report to the ____ as it was seen as a way to control costs. as technology has become more strategic and able to deliver a competitive advantage, cios now report directly to the ____.</span><span>
CFO; CEO</span>
Use
Substituting
F=1000, P=863.84, n=3
solve for i
solving for i
=>
=0.0500
Answer: the annual interest rate is 5%
Answer:
A. Partnership
Explanation:
Based on the description of this scenario it can be said that the best option for Mary would be a Partnership. This means that she will share ownership and profit with those involved but at the same time will also share the liabilities. This will make sure that the other tattoo artists will do their utmost best since they will have to deal with the consequences as well if they do not. Which in term protects Mary.
<span>Jeremy is working on a spreadsheet, the processing of the information processing cycle will justify Jeremy’s use of the spreadsheet and give the final output. </span><span>Applying instructions to data takes place during the </span>PROCESSING <span>stage of the information processing cycle.</span>
