Answer:
Option C (Precept............real world) is the right answer.
Explanation:
Laissez-faire economics seems to be a hypothesis that always constrains government interference.
- It maintains that perhaps the financial sector was indeed particularly strong since all the current regime was doing was safeguard the freedom of persons.
- Subsequently, free-market statisticians predicated on the premise of laissez-faire mostly as an approach to sustainable economic success, because while critics disparaged it for helping to promote unfairness.
The other actions taken are not connected to the circumstance in question. That would be the right response to the above.
Answer:
the cost of the merchandise sold for November if the company uses LIFO is c. $590
Explanation:
LIFO Inventory System sells the Inventory recently acquired first followed by the Older Inventory Acquired.
<u>Cost of the merchandise sold for November - Calculation</u>
November 4 : 10 units × $19 =$190
November 17 : 20 units × $20 =$400
Total =$590
Answer:
B) II and III.
Explanation:
Based on the information given the statement that are TRUE are II and III
II. The amount of $2,000($10,000-$12,000) which is the profit for the business will be given to the customer but the customer account will have to be frozen or put on hold for 90 days because the customer had not paid for the buy side before selling the shares for the amount of $12,000
III. In a situation where customer paid the amount for the buy side in full either before or after the fifth business day which is the day that follows the trading date, the customer account that had be frozen will be unfrozen or lifted because the buy side amount had be paid in full.
Answer:
times interest earned ratio = 4.21
Explanation:
times interest earned ratio = income before interest and taxes (EBIT) / interest expense
income before interest and taxes = $320,000
interest expense = $60,000 + $16,000 = $76,000
times interest earned ratio = $320,000 / $76,000 = 4.21