Answer: The correct answer is to safeguard the inventory and reporting the inventory on the financial statements.
Explanation: One of the primary objectives of control over inventory is to safeguard the inventory from damage or theft. The second objective is to report the inventory on the financial statements.
Answer:
50K in 2018 means that 50,000 dollars were earned in the year 2018, so this could refer to the annual income of a person or a household.
This would be equivalent to a monthly wage of 4,166 dollars each month, because 50,000 / 12 = 4,166.
This wage would be very close to the median wage in the United States.
Ben's job is a Technology Solutions Project Manager. His job is to provide or give consultation on technology related conditions of businesses. He implements it through different projects at hand and ensures that it would help troubleshoot problems and make projects go on smoothly.
Answer:
Spreading the Word
Connecting People
Explanation:
Social media has given a platform to many people to be able to share their likes, wants, and, in this case, their needs. People were able to spread the word that they needed something and created a larger audience.
Through social media you are also able to communicate about things. Ex: With instagram's many updates you are able to purchase things, sell things, and DM others for communication and buying things needed.
Answer:
Depreciation Expense for the year 1 is $40,000.
Explanation:
The depreciation expense can be calculated using the double declining balance formula which is as under:
Double declining depreciation expense = Cost / Useful life * 2
By putting the values, we have:
Double declining depreciation expense = $100,000 / 5 years * 2
Double declining depreciation expense = $40,000
The depreciation expense for the first year is $40,000.