If prices are rising, which inventory cost flow method will produce the lowest amount of cost of goods sold?.

When it comes to managing a corporation, the corporation relies on its board of directors and officers.

Wewaii [24]

It's true that when it comes to managing a corporation, the corporation relies on its board of directors and officers.

<h3>What defines corporation ?</h3>

An organization called a corporation is one whose shareholders choose a board of directors to manage its operations. The corporation, not the shareholders, is responsible for the operations and financial health of the company.

<h3>What is a corporation in business?</h3>

A corporation, also referred to as a C corp, is a separate legal entity from its owners. Corporations are able to generate revenue, pay taxes, and face legal consequences. The strongest protection against personal liability is provided to owners by corporations, although forming a corporation is more expensive than creating other types of entities.

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7 0

1 year ago

On her way to a concert, Hermione stopped at a restaurant for dinner. In her purse, she had 12 bills worth a total of $40. She h

katovenus [111]

The correct statement will be that the maximum number of $5 bills that can be in Hermione's purse will be 7. So, the correct option that matches the statement is D.

The number of bills of $5 are seven, as Hermione also has at least one bill of $1.

<h3>Calculation of bills. </h3>

Considering Hermione has at least one bill of $1, then the computation of total bills out $40 can be shown as below,

$40= 1+x$

where <em>x </em>is the number of $5 bills

So we know that the maximum number of bills of $5 that can be kept by Hermione is 7 as $35 is the nearest number possible and seven bills of $5 will constitute $35.

Hence, it can be concluded that option D is correct that there are seven bills of $5 in the purse of Hermione and hence there will be five bills of $1 in her purse.

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3 0

2 years ago

Question 2

Gnesinka [82]

Answer:

Check the explanation

Explanation:

S.no. Date Particulars Debit ($) Credit($)

1. 31.03.2020 Bank A/c Dr 2800000

To Equity Share Application A/c Cr 2800000

(Being Application Money received on Shares)

2. 01.04.2020 Equity Share Application A/c2800000

To Share Capital A/c Cr 2000000

To Share Allotment A/c Cr 800000

(Being allotment made to shareholders)

3. 01.04.2020 Equity Share Allotment A/c 2000000

To Equity Share Capital A/c Cr 2000000

(Being allotment amount transfer to capital account)

4. 01.04.2020 Bank A/c Dr 1200000

To Equity Share Allotment A/c Cr 1200000

(Being Balance allotment amount received)

5. 01.04.2020 Share Issue Expenses A/c Dr 10000

To Bank A/c Cr 10000

(Being Share issue Expenses paid)

6. 30.06.2020 Bank A/c Dr 450000

To Share Capital A/c Cr 450000

(Being Right Share Issued)

7. 01.10.2020 Bank A/c Dr 250000

To Share Capital A/c Cr 250000

(Being Options given to shareholders)

8. 01.10.2020 Share Expenses A/c Dr. 50000

To Bank A/c Cr. 50000

(Being Option cost 50cents per share paid)

9. 30.11.2020 Interim Dividend A/c Dr 120000

To Bank A/c Cr 120000

(Being Interim Dividend Paid)

3 0

3 years ago

McGinnis Construction is a cash-basis company with a fiscal year-end of June 30. McGinnis’ employees earn a normal weekly wage o

viva [34]

Answer:

As a result of operations, there will be an understatement of McGinnis’ net income for the most recent fiscal year of 30900

Explanation:

Services 40900

Weekly wage 10000

FY end on June 30900

The cash basis is a method of recording accounting transactions for revenue and expenses only when the corresponding cash is received or payments are made. Thus, you record revenue only when a customer pays for a billed product or service, and you record a payable only when it is paid by the company

5 0

2 years ago

Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..

Aneli [31]

Answer:

The letter A is the right one.

Explanation:

By promoting deserving employees, Jeffrey will create an environment where employees who act correctly, integrate and present high levels of professionals receive good promotions and will raise their status in the company. This shows that acting in a moral, responsible and ethical manner is rewarding and that is why everyone should follow this level of work that encourages morality and good work.

4 0

2 years ago