Answer: $920,000
Explanation:
Given the following :
Beginning balance = $800,000
Brown's earning = $600,000
Casg Dividend = $200,000
Dexter's portion of brown's outstanding shares = 3000/ 10000 = 0.3
Therefore, Dexter's investment account is as follows :
Beginning balance + (earning × 0.3) - (Dividend × 0.3)
$800,000 + ($600,000 × 0.3) - ($200,000 × 0.3)
$800,000 + $180,000 - $60,000
$980000 - $60000 = 920000
A. allows you to diversify as opportunities develop.
Answer:
Sales Returns and Allowances $140 and Accounts Receivable $140
Explanation:
When goods are returned, the sales revenue decreases through Sales Returns and Allowances which is an expense so it is debited and the goods sold on account so the Accounts Receivable which is an asset decreases so it is credited.
Date Account Titles and Explanations Debit Credit
Sales Returns and Allowances $140
Accounts Receivable $140
(To record sales returns)
Answer:
The average inventory if they order at the optimal order quantity is 1.335
Explanation:
Accordin to the formula
Optimal order quantity = 
=
= 2670
Average inventory = Optimal order quantity / 2 = 1335.
