The Paleoanthropologists would have a greater interest in
the origin of the human ancestors because they focus on studying about the
ancestors of the humans with the distant past and they trace it back one by one
in order to find out an origin.
Answer:
The amount of the cost of goods sold for this sale is $98.4
Explanation:
Marquis Company uses a weighted-average perpetual inventory system
August 2, 22 units were purchased at $3 per unit,
Total cost = $3 x 22 = $66
Average cost per unit: $3
August 18, 27 units were purchased at $5 per unit
Total inventory = $66 + $5 x 27 = $201
Average cost per unit = $201/(22+27) = $4.1
August 29, 24 units were sold
Cost of goods sold = 24 x $4.1 = $98.4
Answer:
A. Unaffected
B. Unaffected
C. Understated
D. Overstated
Explanation:
C. Understated.
Understated balance is one that is reported as having a lesser balance than it actually does. example of what could cause the situation in which cash is understated is that when check is written on the disbursing bank on the last day of December with a credit to cash, and an associated debit to some expense account so as to decrease reported profits and taxes be it (direct or indirect tjaxes) for the year.
Another example is when a utility bill that is suppose to be paid by the last day of the month but failed to record the expenses, under the accrual basis of accounting, the company should recognize the expenses now even though the bill is not yet due. Until the bill is recorded, the utilities payable is understated
d. Overstated.
An overstated balance is an account balance that is reported as having a greater balance than it actually does, example of such situation is that in which an employee has misappropriated funds during the year, and draw a check transferring funds to the account with the shortage so as to cover the shortage. As of December 31, the shortage is replaced, with no reduction as yet recorded in the account on which it is drawn.
In second example of understated, expense account is understated and because of this net income is overstated.
Answer:
A safety protection clause in a listing agreement entitles the real estate broker or agent to a commission after the listing expires or is canceled. This applies when the final buyer was brought to the deal by the broker.
Answer: d.the holders must have acted honestly and observed all reasonable commercial standards of fair dealing.
Explanation:
For an instrument to be negotiable, it should be noted that the UCC requires that such instrument have to be signed by the maker or the drawer.
The UCC requires that HDCs take instruments in good faith. This means that the holders must have acted honestly and observed all reasonable commercial standards of fair dealing.
