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andriy [413]
1 year ago
9

Inventories held for sale in the normal course of business are classified in the balance sheet as?

Business
1 answer:
Iteru [2.4K]1 year ago
4 0

Inventories held for sale in the normal course of business are classified in the balance sheet as Current liabilities.

<h3>What is meant by current liability?</h3>

This is the term that is used to refer to all of the financial obligations that the customer would have to have due to themselves in the long run. These are the liabilities that are known to be dropped in the current assets and would then be settled in the course of a year.

Hence we can say that Inventories held for sale in the normal course of business are classified in the balance sheet as Current liabilities.

Read more on Current liabilities here: brainly.com/question/28039459

#SPJ1

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The 1803 decision of the United States Supreme Court in the case of Marbury v. Madison established
Darina [25.2K]

Answer:

c). the power of judicial

Explanation:

This was the first time such power was wielded by the Court.

3 0
2 years ago
If overhead is applied to individual jobs at a rate of 50% of direct labor costs incurred per job, and $50,000 in direct materia
barxatty [35]

The total cost applied to the job is $87,500 when the direct materials are $50,000, the cost of direct labor is $25,000 and the overhead cost is 50 % of direct labor.

<h3>What is meant by total cost?</h3>

Total cost means the combined cost of materials, human labor, and the overheads incurred in the process of production.

Given values:

Cost of direct materials: $50,000

Cost of direct labor: $25,000

Cost of overheads: $12,500 ($25,000 X 50%)

Computation of total job cost:

\rm Total \rm\ Job \rm\ Cost=\rm\ Cost \rm\ of \rm\ Direct \rm\ Materials+\rm\ Cost \rm\ of \rm\ Direct \rm\ Labor+\rm\ Cost \rm\ of \rm\ Overheads\\\rm Total \rm\ Job \rm\ Cost=\$50,000 + \$25,000 + \$12,500\\\rm Total \rm\ Job \rm\ Cost=\$87,500

Therefore, when the direct materials are $50,000, the direct labor is $25,000 and the overhead cost is $12,500, then the total cost of the job is $87,500.

Learn more about the overhead cost in the related link:

brainly.com/question/14545063

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4 0
1 year ago
What is the difference between sole proprietor and partnership?
sveticcg [70]

Answer:

A sole proprietorship is a person who owns the business and is personally responsible for its debts. It is not a legal entity.

A partnership partnership shares the responsibilities, resources, and losses

Explanation:

3 0
3 years ago
decides to use the needs approach to determine how much life insurance to buy. Her cash needs are $30,000; her income needs are
nadya68 [22]

Answer:

$130,000

Explanation:

For determining the additional life insurance required first we need to follow some steps which are shown below:-

Step 1

Total needs = Cash needs + Income needs + Special needs

= $30,000 + $140,000 + $100,000

= $270,000

Step 2

Total assets held = Bank accounts + Retirement plans + Investment accounts

= $20,000 + $30,000 + $40,000

= $90,000

Step 3

Total amount of life = $270,000 - $90,000

= $180,000

and finally

Additional life insurance required =

The Total amount of life - Life insurance provided by the employer

= $180,000 - $50,000

= $130,000

3 0
3 years ago
A personal trainer is advising a client on caloric distribution. Which of the following falls within the Acceptable Macronutrien
Aleonysh [2.5K]

Answer: C. 0.3

Explanation: The Acceptable Macronutrient Distribution Range (AMDR) usually expressed as percentage of total daily intake of energy is defined as the range of intakes for a particular energy source (protein, fat, carbohydrate etc) that is associated with reduced risk of chronic disease while providing adequate intakes of essential nutrients required by the body. For proteins this is within the range of 10 to 35%, expressed as fraction, 0.1 to 0.35. Option C falls within this range and therefore is the correct answer.

8 0
2 years ago
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