What Octavia should do is send a quick reply explaining that she needs more time to consider the question. Say the customer is asking asking something really complicated, the receiver will might need more time to answer than an easier question.
Answer and Explanation:
The correct way for putting this on expiration paper is as follows
Expiration date: 1/17/2017
Exp time: 4:00 AM
Preparation date: 12/3/2016
Preparation time: 4:00 AM
The above represents the correct way i.e to be putted on an expiration paper
Therefore we applied the given information to arrive at an answer
Answer:
$15,000
Explanation:
Year 2
Opening inventory = $8,000
Purchases = $10,000
Sales = $15,000 (cash received = $20,000)
Inventory count at year end = $1,000
Amount to be written to p/l = 8000 + 10000 - 1000
= $17,000
However, the cost of goods sold is $15,000 while the remaining $2,000 is recognized as inventory write down.
Net worth=total assets-total liabilities
Total assets
325,000+750+15,000+8,000+2,100
=350,850
Total liabilities
245,000+9,000
=254,000
Net worth
350,850−254,000
=96,850
Hope it helps!
