<h2>Cost:</h2>
Costs are the expenses incurred by a company or an individual in<u> order to</u> produce goods and deliver services or buy products.
<h3>The computation:</h3>
× 
Therefore, the birthday party will cost $97.5 if 15 guests are<u> invited.</u>
<u />
For more information regarding the sums, refer below:
brainly.com/question/14107176
The correct answer should be <span>Yes, because though most Governance employees have a bachelor’s degree, it is not required.
A formal education degree is not necessary for getting a position in a governing office. His military career can be helpful since many military generals have been involved in politics because of their high rank, and he wouldn't be the first or the last military general that became a leader of a country due to their experience. He obviously has experience in the field and in working with people and if he is high ranked that also means that he can manage organizations well, so he can become an officer in a governing position if he desires to.</span><span />
Answer:
A. Dr Petty cash fund $500
Cr Cash $500
B. Dr Office supplies expenses $212
Dr miscellaneous selling expense $156
Dr miscellaneous administrative expense $61
Dr Cash short and over 31
Cr Petty cash fund $460
Dr Petty cash fund $460
Cr Cash $460
Explanation:
A. Preparation of the journal entry to establish the petty cash fund.
Dr Petty cash fund $500
Cr Cash $500
(To establish the petty cash fund)
B. Preparation of the journal entry to replenish the petty cash fund.
Dr Office supplies expenses $212
Dr miscellaneous selling expense $156
Dr miscellaneous administrative expense $61
Dr Cash short and over 31
($500-$212+$156+61+$40)
Cr Petty cash fund $460
($212+$156+$61+$31)
(To replenish the petty cash fund)
Dr Petty cash fund $460
($212+$156+$61+$31)
Cr Cash $460
Answer: Debit: Cost of goods sold $1400
Credit: Inventory $1400
Explanation: The lower of cost or LCM rule indicates that a company needs to value it's inventory at the end of the year at whatever cost is lower, between the actual cost of the inventory or its market price currently. This is in accordance with US GAAP.
In Mariah Company the historical cost, which is the actual cost of the inventory and thus what it is valued at in the books, is $74000. Replacement cost, which is how much it would cost to replace an asset based on market rates, is only $72600. The replacement cost is thus lower. Since the inventory is still valued at historical cost in the books, it will have to been written down to the replacement cost value. To do this the difference between both costs will need to be deduced. Difference is thus: $74000 - $72600 =$1400.
When write down occurs, this is expensed to cost of goods sold. This is because there is a decrease in closing inventories. If there is a decrease in this figure then it will lead to a subsequent increase in cost of goods sold, leading to it being debited to show this increase (remember the formula to calculate cost of goods sold). Inventory is credited as the value of this inventory has decreased, and inventories decrease on the credit side.
