On April 1, Robert LLC purchased two units of inventory, A and B. The cost of unit A was $655, and the cost of unit B was $575. On April 30, Robert LLC had not sold the inventory. The net realizable value of unit A was now $675 while the net realizable value of unit B was $505. The adjustment associated with the lower of cost and net realizable value on April 30 will be:Cost of Goods Sold 70 Inventory 70Inventory 70 Cost of Goods Sold 70Cost of Goods Sold 85 Inventory 85Inventory 85
Cost of Goods Sold 85

Answers

Answer 1

Answer:

Answer:

Cost of Goods Sold 70 Inventory 70

Explanation:

For recording the inventory in the book of accounts, we consider the cost or net realizable value whichever is lower

According to the question, the inventory unit for A would be recorded at $655, and the inventory unit for B would be recorded at $505 as these reflect the lower cost.

The journal entry is shown below:

Cost of goods sold A/c $70 ($575- $505)

To Inventory A/c $70

(Being adjusted entry recorded)

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70 is 350% of what number choose the correct solution A.350/100 B.1/5 C.70/20 D.70/245

Answers

Answer:

they are correct

Explanation:

You plan to number each account in your chart of accounts you want to have major categories and two levels of sub categories each level of category will be represented by a digit you want to have a room in your numbering for at least 10 accounts within the lowest level of subcategories how many digits do you need in your account numbers

Answers

Answer:

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A sales tax is a type of progressive tax. indirect tax. proportional tax. direct tax.

Answers

A sales tax is a type of "indirect tax".

Indirect taxes are fundamentally imposes that can be passed on to another substance or person. It is generally forced on a maker or provider who at that point passes on the duty to the customer.

Sales tax refers to the utilization charge required on products and ventures obtained at the retail level, paid by the customer and put together by the retailer to the overseeing charge authority. Whenever individuals go to the shopping centers or retail chains to shop, they are now going to make good on roundabout regulatory expenses. Goods , for example, family unit things, garments, and other essential wares are liable to such sort of taxes.

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Chung manages his employees by carefully monitoring their production, comparing what they do to predicted schedules and desired budgets. Chung can best be described as a ________ leader. A. servant
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E. charismatic

Answers

Answer: Task oriented

Explanation:

Chung is a task oriented leader who judges his subordinates performance based on their results. A task oriented leader is majorly concerned about his workers output and that majorly forms the basis of his workers assessment.

Answer:

B. Task-oriented leader

Explanation:

Task and Relationship Oriented Leadership

Forsyth describes a model of leadership that is based on the performance or relationship maintenance behaviour of the leader. A leader who is more interested in performance maintenance is a task oriented leader while one interested in building relationships is a relationship-oriented leader

Task Oriented Leaders

The focus of these leaders is to get tasks accomplished to foster the achievement of set out goals. Their goal orientation as leaders supersedes their concern for employee welfare. Their analytical and problem-solving and strategic focus is to come up with ways and solutions to company goal and objectives.

Task oriented leaders effectively define tasks, structures, they organise and ensure they monitor the activities of their team members in order to achieve desired outcomes.

Chung carefully monitors the goals of organisation by comparing the production or output of his employees with their predicted budgets and schedules. Chung is a task-oriented leader.

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Answers

"Economic growth" is a situation in which the economy produces more goods and services than it did they year before.

Economic growth is an increase in the production of products and enterprises over a particular period. To be most precise, the estimation must evacuate the impacts of inflation.

Economic growth makes more benefit for organizations. Subsequently, stock costs rise. That gives organizations money to contribute and contract more workers. As more occupations are made, salaries rise.

I believe the answer is D, because the economy was growing/producing more than it had. Sorry if it is wrong, but pretty sure it is right.

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Answers

Answer:

taxes, principal interest, homeowner´s insurance.

Explanation:

Mortgage payments include four parts called PITI, Principal, which is the normal payment of the loan, or the payment needed that is debited to the loan, then the taxes, the interests, and the homeowners insurance, this 4 elements make up for the main monthly payments.

The right answer for the question that is being asked and shown above is that: "taxes; principal interest; homeowner’s insurance" The mortgage payment includes taxes; principal interest; homeowner’s insurance

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