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2 years ago

Compared to the other classifications of consumer products, shopping products are:_________

1 answer:

8 0

Compared to the other classifications of consumer products, shopping products are: widely available. This is further explained below.

<h3>What are consumer products?</h3>

Generally, Examples of things that fall under the category of consumer goods include food, clothing, and jewelry. Because they must first undergo processing before they can be deemed consumer goods, fundamental or raw elements like copper are not included in this category.

In conclusion, When compared to the other categories of consumer goods, shopping items have the following characteristic: they are easily accessible.

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A seller hired broker N under the terms of an open listing. While that listing was still in effect, the seller without informing

ludmilkaskok [199]

Answer:

commission to both brokers N and K.

Explanation:

Broker N is entitled to a sales commission because he/she sold the property. But broker K is also entitled to a commission because an exclusive right-to-sell agreement allows him/her to collect a commission no matter who sells the property. The only exception to the agreement would be if the seller himself/herself sold the property, but that is not the case here.

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3 years ago

Knowledge Check 01 On January 1, Year 1, Abbott Company granted 92,000 stock options to certain executives. The options are exer

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Answer:

$153,333

Explanation:

Calculation to determine What amount should Olympic recognize as compensation expense for 2016

Using this formula

Compensation expense =Total compensation/Vesting period

Let plug in the formula

Compensation expense=($5 x 92,000)/3 years

Compensation expense=$460,000/3 years

Compensation expense=$153,333

Therefore What amount should Olympic recognize as compensation expense for 2016 is $153,333

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2 years ago

For each error below, indicate:

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Answer:

1. Inventory account will be affected and assertions of accuracy and valuation will be violated.

2. Assets are overstated and assertion classification is violated.

3. Liability is understated and assertions of accuracy is violated.

4. No impact.

Explanation:

Assertions are certain claims of a business which a business must fulfill in order to make its financial statements reliable. A company has to record the expense when it is incurred in order to provide accuracy in valuation. In the given cases the assertions are violated which impact business accounts.

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2 years ago

The major parts of the Stockholders' Equity section of the balance sheet are

torisob [31]

The correct answer is choice D.

The Stockholders’ Equity section of the balance sheet includes stock, paid-iin capital and retained earnings.

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3 years ago

Rick's Internet Corporation's balance in Retained Earnings is $30,000. The board of directors directs that $15,000 be appropriat

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<u>Answer</u> is D. remain at $30,000.

<u>Explanation:</u>

Rick's Internet Corporation balance in retained earnings = $30,000

Appropriated earning for future business expansion = $15,000

This appropriated earning set for future use will have no effect on the total retained earnings, because for appropriate retained earnings, the entry is to debit the retained earnings account.

Also, it would be board's decision if they want to use the money from the retained earnings or add more capital to it.

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3 years ago