Answer:
Option (a) is correct.
Explanation:
For February,
Opening inventory would have been:
= 25% of February
= (25% × $89,000)
= $22,250
Ending inventory would have been:
= 25% of March
= (25% × $59,000)
= $14,750
Hence,
Cost of goods sold = Opening inventory + Purchases - Ending inventory
$89,000 = $22,250 + Purchases - $14,750
Purchases = $89,000 + $14,750 - $22,250
= $81,500
Therefore, the budgeted purchases of inventory in February Year 2 would be $81,500.
Answer:
D. Recommendation to buy life insurance does not make the investment advice any less objective.
Explanation:
investment adviser representative are also regarded as financial planner are advisers that gives advice in term of financial service to firms or individual or his/ her customer
In the situation described in the question whereby, the agent recommends that a customer sell a mutual fund holding and use the proceeds to buy life insurance, then these information are needed to be disclosed to the customer
✓. Sale of the mutual fund mayor is alt in a taxable event to the customer
✓Recommendation to purchase life insurance is in no way connected to the services offered by the advisory firm
✓Agent will earn a commission on the life insurance purchased by the customer
Answer:
See below
Explanation:
Raw materials purchased is computed as;
Raw material purchase = Ending inventory + required for production - beginning inventory
= 50,000 + ((80,000 + 770,000 - 30,000) × 3) - 60,000
= 50,000 + 2,460,000 - 60,000
= 2,450,000 grams
<span>True. Vertical space can be used for more storage space, however in most storage units only fifty percent of the total storage is not utilized. Using vertical space will increase the storage space</span>
