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Ann [662]
3 years ago
13

Dave has forty acres where he grows corn and soybeans. he also has five milk cows and some chickens. dave sells organic milk and

eggs at the local farmers' market. he also drives a school bus. most years, about 70% of dave's income is from his agricultural activities and 30% is from his school bus-driving job. if dave declares bankruptcy, he will file under:_______. a. chapter 13.b. chapter 12.c. chapter 1.d. chapter 7.
Business
1 answer:
laila [671]3 years ago
3 0

Answer:

B) chapter 12

Explanation:

Chapter 12 bankruptcy is a special reorganization bankruptcy procedure that applies for family farmers and fisherman only. It is very similar to chapter 13  bankruptcy but provides several additional benefits aimed at helping the farmers and fishermen restructure their debts to avoid foreclosures or liquidations.

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On March 1, Retro Inc. reported a balance in Supplies onf $200. During March, the company purchased supplies for $950 and consum
-BARSIC- [3]

Answer:

stockholer's equity will be overstated by $800.

Explanation:

The adjustment required is to record $800 of supplies used as an expense, hence, by carrying out the adjustment, net income is overstated by $800 so also retained earnings and shareholders' equity.

In other words,the balance that would be left in supplies is opening balance of $200 plus purchase of supplies which is $950 minus the supplies used.

balance of supplies=$200+$950-$800=$350

Option B is wrong the balance expected is $350 and the balance without adjustment is $200,that is $150 understatement not $350

4 0
3 years ago
A couple is going through a divorce. Which of the following phrases represents how both sides want to reach agreement?
natulia [17]
Problem there is no following phrases
7 0
3 years ago
During a sales presentation, the salesperson, Clara, listens to her customer rather than describing her product to the customer.
aleksklad [387]

Answer:

The correct answer is letter "C": engaging in active listening.

Explanation:

Active listening is the activity by which an individual pays attention to whatever the person he is interacting with is saying. The individual might use certain phrases or gestures in between segments to let the other person know he or she is paying attention.

When it comes to sales, <em>clerks need to listen to what consumers say to find out what product better matches the clients' needs and preferences.</em>

6 0
3 years ago
Presented below are definitions of certain terms. Select the appropriate term from the dropdown list. Definitions 1. Quantity of
MatroZZZ [7]

Answer:

1. Ideal standard

2. Management by exception

3. Standard cost card

4. Standard cost

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

In Financial accounting, a direct cost can be defined as any expense which can easily be connected to a specific cost object such as a department, project or product. Some examples of direct costs are cost of raw materials, machineries or equipments.

On the other hand, any cost associated with the running, operations and maintenance of a company refers to indirect costs. Some examples of indirect costs are utility bill, office accessories, diesel etc.

1. Ideal standard: quantity of input required if a production process is 100% efficient.

2. Management by exception: Managing by focusing on large differences from standard costs.

3. Standard cost card: record that accumulates standard cost information.

4. Standard cost: preset cost for delivering a product or service under normal conditions.

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4 years ago
When the weighted average cost method is used in a perpetual inventory system, a weighted average unit cost for each item is com
Julli [10]
D. >each time a purchase is a made
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2 years ago
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