The beginning inventory of SoCal Wholesalers was $121,000, and the ending inventory is $116,500. What entries are needed at the end of the fiscal period to adjust Merchandise Inventory?

Answers

Answer 1

Answer and Explanation:

The journal entries that are required to adjust merchandise inventory is given below:

Income Summary  $121,000

        To Inventory $121,000

 (Being eliminate Beginning inventory balance is recorded)

Inventory $116,500

      To Income Summary $116,500

(Being the cost of ending inventory is recorded)  

These two entries should be recorded for adjusting merchandise inventory


Related Questions

Anandi has been working with Excel to record data from an extensive physics experiment at her university. She
hundreds of columns representing different trials, and many rows showing different pieces of data from each trial
handful of cells have data that stand out, so she needs to show them to her professor, even though these cells ar
hundreds of columns apart.
If Anandi has written down the names of those cells, what is the fastest way to get to these cells while in Excel?
O dragging the scroll box and trying to find the needed cells
O pressing the arrow keys until each appropriate cell is active
O holding the shift key while typing in the addresses of all cells
pressing Control + G and typing in the address of each needed cell

Answers

Answer: pressing Control + G and typing in the address of each needed cell

Explanation:

Assuming Anandi has written down the names of the cells, the fastest way to get to these cells while in Excel will be for him to press Control + G and type in the address of each needed cell.

It should be noted that Control + G refers to a keyboard shortcut that is used when one wants to move to a particular line in a spreadsheet or document or advance through the Find results.

By pressing Control + G and typing in the address of each needed cell, thus will take Anandi to the required cell faster.

PLEASE HELP!! I WILL GIVE YOU 100 POINTS
Review Questions
Please give an example of a career that fits into each of the following four pathways and briefly describe what a person in this career would do:
Law, public safety, corrections, and safety
Government and public administration
Human services
Education and training
What does it mean to be a diplomat? Please give two examples of responsibilities a diplomat would have in their job with your answer.
In the health-care field, there are face-to-face types of jobs and behind-the-scenes jobs. What is the difference between the two? Please give an example of each with your answer.
Careers in the Public Service cluster can help make a difference in the world but they can be tough careers to work in. Describe what a person who would love working in this field may be like.
What would be some of the responsibilities of a documentary film editor? Please list at least two responsibilities and also give an example of a personality type a person could have that would make them a good documentary film editor.
Critical Thinking Questions
What are some personality characteristics that may be important for someone to have when choosing a career in Health Services? Why?
What are some of the challenges that you think come with being in the entertainment industry? Explain.
A large part of the Communication and Information career cluster probably didn’t exist 100 years ago—which part in particular and why? Why might this aspect of the career cluster be one of the most important today?
The unit discusses the word ‘holistic’ in relation to childbirth. Can you think of any other areas of health and wellness that might have holistic approaches? Why might someone want to try a holistic approach?
People who work in insurance claims or in a research lab work behind the scenes of healthcare and make so much possible for patients without getting much credit. Can you think of another career cluster or industry that also has people working behind the scenes without getting much credit? Why would someone choose to work behind the scenes?

Answers

Answer:

Explanation:

Examples of jobs in

Law, public safety, corrections, and safety  - lawyer, police and jail officer

Government and public administration  - county clerk and city manager

Human services  - HR manager

Education and training  - teacher and trainer

What does it mean to be a diplomat? Please give two examples of responsibilities a diplomat would have in their job.

A diplomat represents a country in dealing with foreign countries. Examples of responsibilities include issue VISA to foreign tourists and review asylum request.

In the health-care field, there are face-to-face types of jobs and behind-the-scenes jobs. What is the difference between the two? Please give an example of each.

Health-care face-to-face jobs deal directly with sick people such as doctors and nurses. Behind-the-scenes health-care jobs include medical researchers.

Answer:

Explanation:

Careers in the Public Service cluster can help make a difference in the world but they can be tough careers to work in. Describe what a person who would love working in this field may be like.

Public Service does not pay as well as private sectors but person who love working enjoy the public service aspect of it. They like to provide service to the public and help people.

What would be some of the responsibilities of a documentary film editor? Please list at least two responsibilities and also give an example of a personality type a person could have that would make them a good documentary film editor.

Documentary film editor needs to find an interesting topic for filming and present the topic in a film. Person doing this must be sensitive to what is interesting and creative to make a film.

Anna is 88 years old and under the court-appointed guardianship of her daughter. One day Anna receives a telephone call from a health insurance salesman and purchases a $400-a-month Medigap insurance policy. This contract is:

Answers

Answer:

c. This contract is void.

Explanation:

Since in the question it is mentioned that one day Anna received a phone call from the health insurance salesman and she purchase a $400 medigap insurance policy so the contract should be void in the eyes of law as it is not valid in terms of law plus nothing is specified for whom she purchased the policy for $400

Therefore the correct option is c.

What are the six basic step of the problem solving process?

Answers

Answer:

1. Identify The Problem

2. Analyze The Problem

3. Develop The Solutions

4. Implement A Solution

5. Evaluate The Results

6. Standardize The Solution

Explanation:

The six basic steps in problem solving involves Identification, generating possible solutions, evaluating alternatives, deciding on a solution, implementing the solution and evaluating the outcome.

What is Problem Solving?

Problem solving involves the process of providing a viable solution to a problem.

The process of providing this solution follows a series of steps which ensure that the best possible solution to the problem is implemented.

This also gives a step by step analysis of how future problems which may relate to the present situation can be solved.

Learn more about Problem Solving at https://brainly.com/question/23945932

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The typical person has the time and financial resources for how many children?

3–4
0–1
1–2

Answers

Answer:

1 to 2

Explanation: children are EXPENSIVE and it depends  on what you think is the right time/money so it could be wrong

Which of the following is the best summary of the parol evidence rule?
A. Oral evidence is never allowable in interpreting the meaning of
contracts
B. Oral evidence can only be used to interpret contract meanings in
certain situations
C. A written contract is assumed to contain all the terms and
conditions of an agreement unless otherwise stated.
OD. Oral evidence is always valuable and useful in clarifying the
meaning and intent of written contracts.

Answers

Answer:

C. A written contract is assumed to contain all the terms and

Answer:

oral evidence can only be used to interpret contract meanings in certain situations

Explanation:

a p e x

You bought 100 shares of stock at $15 per share. You sold your 100 shares at $21.75 per share. Calculate your percentage of gain. a) 18% b) 21% c) 31% d) 45%

Answers

Answer:

45%

Explanation:

2175-1500=675

675/1500=.45 or 45%

How do you do the buss it challenge

Answers

Answer:

buss it. .

Explanation:

just buss it :)

You install Tiktok, you open it then make an account, then search up
"Buss it challenge"
Select one of the videos and tap on the bottom right corner.
It should look like a disc.
Then tap the red camera shaped button and get yourself ready. Play until the song starts to fade out then quickly pause the video.
Change the location of your cam then Buss it until the end.

Discuss reasons why communication may break down between co-workers regarding work matters, (4) Discuss how technology can be helpful in maintaining a healthy financial life.

Answers

Answer: 1) Lack of communication plan; this is a situation where the organization doesn't provide adequate training and orientation on how workers should communicate amongst each other.

2) Toxic and Stressful work environment; a toxic and stressful work environment can affect communication in a work environment. For people to communicate very well there have to be a great atmosphere for that and not that filled with hatred or so much work load.

Explanation:

Challenges in work environment is something that's inevitable sometimes, here are the following reasons why communication may break down between co-workers regarding work matters;

1) Lack of communication plan; this is a situation where the organization doesn't provide adequate training and orientation on how workers should communicate amongst each other.

2) Toxic and Stressful work environment; a toxic and stressful work environment can affect communication in a work environment. For people to communicate very well there have to be a great atmosphere for that and not that filled with hatred or so much work load.

3) Partial judgement; this could be defined as a situation where either the management staff has a bias concerning some workers over the others or the workers have some form of bias against themselves which clouds their judgement

Technology can be helpful in maintaining a healthy financial plan by helping you plan your savings and investment. Today we have many firms who came up with plans technology-wise on how individuals can save some amount of their money and get reasonable interest rate. They're other platforms where investments are been born out of through technology. The main purpose is that they help you keep a healthy financial plan both by saving and investments.

Bristol Company's contribution margin income statement is presented below. Sales for the current period consisted of 7,500 units. Compute the company's break-even point in (a) units, and (b) dollars Compute the margin of safety in (c) dollars and (d) percent. Bristol Company Contribution Margin Income Statement $225,000 Sales Variable costs Contribution margin Fixed costs Net income 90,000

Answers

Answer and Explanation:

The computation is shown below:

The Selling price per unit = $225,000 ÷ 7500 = $30

ANd,  

Variable cost per unit = $135,000 ÷ 7500 = $18

a) Breakeven point = Fixed cost ÷ Contribution margin per unit

= $48,000 ÷ ($30 - $18)

= 4000 units

b) Breakeven dollars = Breakeven point × selling price per unit

= 4000 × 30

= $120,000

C) Margin of Safety in dollars = Sales Revenue - Breakeven dollars

= $225,000 - $120,000

= $105,000

d) Margin of Safety in percent

= $105,000 ÷ $225,000

= 46.67%

Vermilion Inc., a manufacturer of high-technology medical devices, has its product development centers located in the United States and South Korea. The manufacturing units are located in China and the Philippines to benefit from low-labor costs and access to original equipment manufacturers. This allows the company to competitively price its devices. Also, the various phone models sold by the company are uniform in all the foreign markets it operates in. In this scenario, which of the following strategies does Vermilion most likely pursue?
A) international strategy
B) multidomestic strategy
C) global-standardization strategy
D) transnational strategy

Answers

Answer: Global-standardization strategy

Explanation:

Global-standardization strategy could be defined as using a model to market a product globally. It's the scenario where an organization uses the same marketing strategy of a product across various countries. The advantage of this is that it results in global brand coverage and makes reduction for cost.

Vermilion Inc. has her product produced in various countries but uses the same marketing model or strategy to sell globally, this method is known as Global-standardization strategy

Question 7 of 10 What is a typical benefit of working for a non-profit organization? A. Higher job satisfaction than other industry jobs B. Higher salaries than other industry jobs C. Lower education requirements than other industry jobs D. Longer working hours than other industry jobs​

Answers

Answer: b. Higher job satisfaction than other industry jobs

Explanation:

Maurice does not know what kind of career he would like. He knows he likes animals but does not know if he would enjoy working with animals. Which of the following actions would best help him to decide if a career involving animals would be a good fit for him?
A.
volunteering at the animal shelter
B.
taking a job at the local ice cream parlor
C.
researching what education is required to work at a zoo
D.
deciding how much money he would like to make

Answers

Answer:

Option A

Explanation:

In simple words, Maurice is confused that if he should work with animals or not. Working voluntary in an animal shelter would give him a first hand experience and will definitely clarify his doubts to a very good extent.

The ice cream parlor option do not provide him with any exposure. And researching is baseless s he is not sure if he even wants to work with animals. Last question is also incorrect as the case did not given any fact about his Monterey ambitions.

Which of the following is NOT a travel, hospitality, and tourism career?

A. Chef

B. Pilot

C. Curator

D. Truck Driver

Answers

chef is not a travel,hospitality, and tourism career

Answer:

Truck driver. that is the only one that doesn’t effect personal travel, vacations, etc

Explanation:

Robi works in natural resources. He digs for coal, which is a fossil fuel that has weathered for many years in the rock and soil. Robi most likely works in a

greenhouse.
slaughterhouse.
mine.
laboratory.

Answers

Answer: c. mine

Explanation: just did the assignment on e2020 and got it right

One disadvantage of using a company’s tuition reimbursement program is that _______. a. You may have to extend your contract with the company b. Your ongoing education costs will rise considerably c. It may decrease your job satisfaction if you become more skilled d. Ongoing education has been proven to decrease worker motivation Please select the best answer from the choices provided A B C D

Answers

Answer:

a.

You may have to extend your contract with the company

Explanation:

.

5. Groceries are considered what type of an expense?

Answers

Answer:

Fixed

Explanation:

Answer:

Necessary expense

Explanation:

You kinda need food to live

A callable bond:
A. would usually have a lower yield than a similar non-callable bond.
B. is attractive to the buyer because the immediate receipt of principal and premium usually produces a higher return.
C. is more apt to be called when interest rates are high because the interest savings will be greater.
D. generally has a higher credit rating than a similar non-callable bond.
E. is attractive to the issuer because it allows the issuer to prepay outstanding debt if new debt can be issued at lower rates.

Answers

Answer:

cookies

Explanation:

no reason

Multiple choice!
How is it determined how much social security money a person gets?

Group of answer choices

Sales tax collected over past ten years

Average monthly wage when working

Number of children and grandchildren that an individual supports

Cost of living in the person's community

Answers

Answer:

I believe it’s the average monthly wage when working

Explanation:

Your friend Eetu says he has no forms of investment in his life; however, you can prove him wrong. What form of investment has Eetu made without even realizing it was an investment? A. He leased a car. B. He rented an apartment. C. He bought a house. D. He inherited a boat.

Answers

Answer:he bought a house

Explanation:

Your friend Eetu says he has no forms of investment in his life; however, you can prove him wrong. The form of an investment has Eetu made without even realizing it was an investment as he rented an apartment. (B)

What is an investment?

Investment is the dedication of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort.

What is a profit?

Profit, in accounting, is an income distributed to the owner in a profitable market production process.

Why do people invest?

Investing is an effective way to put your money to work and potentially build wealth.

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Describe international events that could affect the number and types of jobs in a country

Answers

Answer and Explanation:

The international events that can affect the number and type of employment in a country are:

International crises: Crisis in the financial sector of partner countries can affect the availability of employment in another country in a very intense way. As we know, countries need to export products to each other, when one of the importers suffers a financial crisis and stops importing, there may be a decrease in the commercial production of the exporting country, which may close factories and stop the production of products as a result.

Political instability: It can cause the same as international crises, mainly due to the devaluation of the currency that occurs in countries with instability.

Partnerships and political conflicts: Partnerships between countries promote great trade between them. This will mean that countries need to produce products and services in greater quantity and therefore hire more people. Political conflicts, however, can have the opposite effect. In addition, political conflicts between two countries may cause other countries to stop exporting products in support of the allied country.

Economic sanctions: These are impositions that the most powerful countries impose on the least powerful countries, preventing a certain product from being produced or exported. Without exports, the production of the product falls. This affects the number of producing companies and the number of job openings.

The policy of the Japanese that most closely paralleled the conditions described in the passage was
a) forcing conquered peoples into deadly coerced labor programs
b) engaging in surprise military attacks, such as the one on Pearl Harbor
c) attempting to liberate the people of Asia from Western imperialism
d) invading Manchuria after an attack on a Japanese railway station there

Answers

Answer:

A

Explanation:

forcing conquered peoples into deadly coerced labor programs

this type of business allows an individual to operate under the name and guidelines of a company that is already fully established​

Answers

Answer:

franchises

Explanation:

A franchise is a method of distributing products or services involving a franchisor, who establishes the brand's trademark .

Someone who diversifies investments is more likely to

Answers

Answer:

offset their losses with gains.

Explanation:

Answer:

offset their losses with gains.

Explanation:

paid Rs 1,00,000 to so Mrs Shakya as an advance to purchase office furniture.


It's journal voucher.....​

Answers

Answer:

Dr. BE Mrs shakya, advance for furniture and fixtures

Cr. NRB

write two differences between simple clock and atomic clock​

Answers

Answer:

Simple clocks measure time by counting, quartz crystal vibrations or mechanical pendulum oscillations. Atomic clocks measure the oscillations in electron transitions by the radiation emitted in the form of microwave or higher frequency electro magnetic waves.

hope it helps.

what does the abbreviation of CD stand for. (this is financial i put it under business because it is the closest thing to financial literacy)
A. certificate of disposal
B.certificate of interest
C.credit of deferral
D.certificate of deposit

Answers

Answer:

D) certificate of deposit.

Explanation:

Can someone help me??

Answers

Answer:

Accuracy and attention to detail, Problem solving and critical thinking skills, Knowledge of programming language .

Explanation:

Hooe it helps..


Match each type of tax with an example of its use.
Capital gains tax=15% charged on profits from selling commodities.
Sales tax= 8% charged on purchases of luxury goods.
Excise tax=20% tax charged on each pack of cigarettes

Those are the answers I just did the test and got it right

Answers

Hey how you doing lollipop you doing hope answer 20%

Answer: That is the correct answer for APΕX                                                Explanation:

Which aspect can help employees experience job satisfaction and self-esteem? Through good _____ , employees can experience increased job satisfaction levels, better self-esteem, and improved communication skills.

Answers

Answer: Communication skills

Explanation:

Communication is vital in working in any organization. Good communication would help anyone who is employed to easily adapt to the working environment and begin to create impact immediately, while when there is no good communication it would limit how well an individual works in an organization. Good communication would also help him interact and express his skills better, same as opinions and suggestion, which could move the organization to greater heights.

Answer:

Through good attitude,

Explanation:

I'm working on the Personal Qualities and Interpersonal Skills: Mastery Test on edmentum/plato and got a 5/5 with this answer

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Someone help plsssssWhat is the correct Order of Operations? What do you have to remember aboutthe Multiplication/Division & Addition/Subtraction Steps? (Total possible points =10 points applied to Module 6) *Your answer Please help!!Im so confused And please dont use the link joke two possible reasons for unemployment What happened to john F. Kennedy on November 22nd , 1963 How many shoes should Rick's Running Shoe Company produce in order to have a maximuprofit? State if the triangles in each pair are similar. If so, state how you know they are similarAnd complete the similarity statement. Find the term indicated in the expansion.(x + 2y)*; fourth termHelppppppp 1. What is the function of the circulatory system? * 10 points A. Provide blood with oxygen from the air, & to get rid of carbon dioxide B. Carry oxygen, nutrients, waste, & to fight pathogens C. Secrete hormones to regulate the body and maintain homeostasis D. Produce red blood cells, white blood cells, & platelets can someone help? NO LINKS OR IM REPORTING What's the first thing you need to do to prepare for an exam?A. Learn the materialB. Understand how responses are writtenC. Set aside a lot of time the night before D. Use the process of eliminationif you're right I'll mark brainliest Can someone help me with this question please (Will Give Brainliest) What is the slope of the line? 4x + 7 = 2y 3 What Is entered into the system as input? Brainliest goes to whoever answers/explains this correctly How did President Nixon show he was ready to deal with China?A. He held a meeting with Fidel Castro.B. CambodiaC. He removed American ships from the coast of Taiwan.D. He sent more troops to Vietnam. Laura is an 18-year-old student. She is going to open a checking account with an initial deposit of $100. She plans to then have a $300 average daily balance each month. The cost of checking accounts at several financial institutions is shown in the table below. Based on the information in the table, which financial institution would be the better choice for Laura when opening a checking account? which excerpt shows PLEASE HELP!! I WILL GIVE YOU 100 POINTSReview QuestionsPlease give an example of a career that fits into each of the following four pathways and briefly describe what a person in this career would do:Law, public safety, corrections, and safetyGovernment and public administrationHuman servicesEducation and trainingWhat does it mean to be a diplomat? Please give two examples of responsibilities a diplomat would have in their job with your answer.In the health-care field, there are face-to-face types of jobs and behind-the-scenes jobs. What is the difference between the two? Please give an example of each with your answer.Careers in the Public Service cluster can help make a difference in the world but they can be tough careers to work in. Describe what a person who would love working in this field may be like.What would be some of the responsibilities of a documentary film editor? Please list at least two responsibilities and also give an example of a personality type a person could have that would make them a good documentary film editor.Critical Thinking QuestionsWhat are some personality characteristics that may be important for someone to have when choosing a career in Health Services? Why?What are some of the challenges that you think come with being in the entertainment industry? Explain.A large part of the Communication and Information career cluster probably didnt exist 100 years agowhich part in particular and why? Why might this aspect of the career cluster be one of the most important today?The unit discusses the word holistic in relation to childbirth. Can you think of any other areas of health and wellness that might have holistic approaches? Why might someone want to try a holistic approach?People who work in insurance claims or in a research lab work behind the scenes of healthcare and make so much possible for patients without getting much credit. Can you think of another career cluster or industry that also has people working behind the scenes without getting much credit? Why would someone choose to work behind the scenes? Help help help help please!!!! Compare John Brown to Harriet Beecher Stowe. Be sure to address their feelings about slavery.