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3 years ago

The growth of the drug industry in canada represents which shift in organized crime? why is this important

1 answer:

8 0

As the drug industry in Canada grow, Drugs that usually could be obtained only through criminal organization now can be easily obtained over the counter (as long as the requirements are met)
This make many major criminal organizations to lose their power and profits from their operation in Canada

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Sussman Co. prepared cash-basis financial statements for the month ended January 31. A summary of Sussman's January activities f

coldgirl [10]

Answer:

An increase of $2,500

Explanation:

During cash-basis accounting method, all income and expenses that results to ACTUAL CASH INFLOW and OUTFLOW will be recorded. Thus, those income and expenses that applies for the period will not be recorded yet as long as there is no actual cash outflow. And all income made on account for the period will not be recognized unless there is an actual collection. Based on the stated facts, Sussman Co.,recorded $1,900 sales instead of the actual sales of $5,600 using accrual basis and has never been recorded the expenses incurred in the accrued salaries.

So, $5,600 less $1,900 cash collection which already have recorded on cash basis method, there will be an additional sales to be recorded at $3,700 less the salaries expense already incurred but not yet paid of $1,200. There will be an additional income of $2,500 after restatement.

5 0

3 years ago

Suppose the current reserve ratio is 25% and the level of checkable deposits represents total reserves. If the Federal Reserve l

pashok25 [27]

Answer:

Answer is $1,365.3 billion, 5.

Refer below.

Explanation:

Suppose the current reserve ratio is 25% and the level of checkable deposits represents total reserves. If the Federal Reserve lowered the reserve ratio to 20%, excess reserves are now $1,365.3 billion and the money multiplier is 5.

6 0

3 years ago

Which of the following helps to maintain the current level of nitrogen in Earth's atmosphere?

zepelin [54]

The answer for this question is a. lightning.

Lightning is an important phenomenon that plays a significant role in nitrogen fixation step in the nitrogen cycle. Lightning helps to "fix" the inert nitrogen present in the atmosphere by breaking nitrogen molecules and combining them with oxygen to form nitrogen oxides. The resulting compounds are then readily absorbed by rain then the soil.

4 0

2 years ago

ssume that Spacey Company uses a periodic inventory system and has these account balances: Purchases $404,000, Purchase Returns

tiny-mole [99]

Net purchases including Freight-in and cost of goods purchased were $3666,000.

calculation:-

Purchases $404,000

Purchase Returns and Allowances $13,000

Purchase Discounts of $9,000,

Freight-In $16,000.

Net purchases and cost of goods purchased = ( $404,000 - $13,000 -$9,000 - $16,000.)

Freight-in is the cost incurred to ship finished goods to a distributor or retailer. Freight-in is considered a selling expense and is expensed when incurred.

Freight-out is the cost of delivering finished goods to a customer. The cost of freight charges paid to ship goods sold to customers is called freight-out, and it is paid by the seller, not by the purchaser.

The shipping cost is to be paid by the buyer of merchandise purchased when the terms are FOB shipping point. Freight-in is considered to be part of the cost of the merchandise and should be included in inventory if the merchandise has not been sold. It is a direct expense and is thus debited to the trading account.

Learn more about Freight-In here:-brainly.com/question/24920251

#SPJ4

3 0

2 years ago

Sanders Inc. has applied $567,988 of overhead to jobs in the cost ledger. Actual overhead at the end of the year is $575,000. Th

lesya692 [45]

Answer:

option (c) $7,012 underapplied, increase Cost of Goods

Explanation:

Data provided in the problem:

Applied overhead to the job = $ 567,988

Actual overhead at the end of the year = $ 575,000

Since the actual overhead at the end of the year is more than the overhead applied.

thus, the overhead is underapplied i.e less than the required.

Now, the amount of underapplied overhead is calculated as

= actual overhead - applied overhead

= $ 575,000 - $ 567,988 = $ 7012

also, the underapplied overhead will lead to the increase in the cost of the goods.

Hence,

the correct answer is option (c) $7,012 underapplied, increase Cost of Goods

7 0

3 years ago