Answer:
On the balance sheet, the inventory would appear as:
Inventory $248,000
Explanation:
In the notes to the accounts, the method of determining the cost and the method of valuing the inventory would be disclosed. It is not disclosed on the balance sheet, but on the notes to the accounts.
It would make the balance sheet appear unorganized to include details that should have been included in the notes. The presentation of information is very important in order to ensure that those reading the information understand it. Understanding is not aided by including information that could be displayed elsewhere.
If college graduates typically earn more money than high school graduates, this would indicate that their level of education and income are positively correlated.
<h3>What is Graduation?</h3>
- Scale is the awarding of a parchment to a pupil by an educational institution.
- It may also relate to the form that's associated with it.
- The date of the scale form is frequently called scale day.
- The scale form is also occasionally called inception, convocation or incantation.
<h3>When a person is called a graduate?</h3>
- As a noun, the word graduate refers to “ a person who has entered a degree or parchment on completing a course of study. ”
- In other words, a graduate is someone who has completed a particular position of training or an educational program — a child who just finished kindergarten and a croaker who just completed.
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Answer:
Joint profits are maximized when Carnival picks $260 and Royal Caribbean picks <u>$260</u>.
Explanation:
Royal Caribbean
high price low price
$9,000 / $14,720 /
high price $9,000 $1,620
Carnival
low price $1,620 / <u>$8,320</u> /
$14,720 <u>$8,320</u>
Carnival's dominant strategy is to charge a low price ($260) because it yields the highest profits = $14,720 + $8,320 = $23,040.
Royal Caribbean's dominant strategy is to charge a low price ($260) because it yields the highest profits = $14,720 + $8,320 = $23,040.
Since both companies have the same dominant strategy, a Nash equilibrium exists when they both charge a low price ($260).
To reconcile for a bank service fee listed on the bank statement, <u>C. enter it</u> into your external register in the same manner as a withdrawal.
<h3>What are bank service fees?</h3>
Bank service fees are charges imposed by financial institutions on their personal and business customers for account set-up, maintenance, and minor transactional services.
During bank reconciliation, the correct procedure is to record this transaction in the books as a reduction of the bank balance.
Thus, to reconcile for a bank service fee listed on the bank statement, take Option C.
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Answer:
The double-entry model of accounting might be un-necessary in database frameworks could be valid as the sums identified with the exchange are gone into a database frameworks accurately, as it is put away just a single time and not twice. Information handling is adequately precise to make pointless the detailed arrangement of checks and twofold watches that describes the double-entry model.
Despite the fact that there are points of interest of double-entry accounting, in database frameworks it is superfluous as the database model handling get the job done these focal points.
Effect of database frameworks on bookkeeping and the AIS are robotization and smooth out reporting.It process, changes and creates an information and it is utilized for dynamic as it gives the opportune data as it is mechanized.
Solid interior controls are actualized in the framework with the goal that accounting frauds won't happen.
