Answer:
Debit: Shrinkage expense $300
Credit: Inventory $300
Explanation:
When your business experiences shrinkage, you must adjust your accounting books. Record inventory losses by increasing your Shrinkage Expense account and decreasing your Inventory account.
Debit your Shrinkage Expense account and credit your Inventory account.
To adjust for shrinkage, create a journal entry that looks like this:
Debit Shrinkage expense account by $300
Credit Inventory account $300
Answer:
hope it helps..
Explanation:
Automakers sold vehicles through department stores, by mail order and through the efforts of traveling sales representatives. The prevailing delivery system was direct-to-consumer sales.
This means that the original price is 60%, which we will use to calculate it.
299 (the discounted price) : x (the original price) = 60 % : 100 %
60x = 299 * 100
60x = 29900
x = 29900 / 60
<u>x = 498.33
</u><u />The cost of the Ipod is $498.33<u>
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Answer:
A. $ 748,714
Explanation:
This 10-year bond with semiannual coupon payment will have 20 coupon payments plus 1 par payment at maturity. The bond price issuing price is the present value of all coupon payments as well as par value. Let formulate the bond price as below:
Bond price = [(Coupon rate/2) x (Par value)]/[1 + (Market interest rate/2)] + [(Coupon rate/2) x (Par value)]/[1 + (Market interest rate/2)]^2 + ...+ (Coupon rate/2) x (Par value) + Par value]/[1 + (Market interest rate/2)]^20
Putting all the number together, we have:
Bond price = [(10%/2) x (950,000)]/[1 + (14%/2)] + [(10%/2) x (950,000)]/[1 + (14%/2)]^2 + ...+ (10%/2) x (950,000) + 950,000]/[1 + (14%/2)]^20 = 748,714
Answer:
The answer is: C) Resource scarcity
Explanation:
Scarcity can be defined as the gap between limited resources and theoretically unlimited needs and desires. A basic rule in business is that resources are finite, therefore given enough time resources will become scarce. This is why diamonds and gold are so valuable.
In Potanta's case, one key ingredient, aloe vera pulp, is becoming scarce. This is an example of a core competency, best selling aloe vera soap, becoming a core rigidity due to scarcity. The company must find a substitute for their product lineup.
