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3 years ago

The primary goal of the federal reserve system is to

2 answers:

8 0

In a sense, issue T-bonds (treasury bonds), CD's (certificate of deposits) And perform the regular jobs of much smaller banks
hope this helps ~Breezy. (FMOI:@fwbreezy)

torisob [31]3 years ago

3 0

I believe it would be stability in the financial system!

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An inventory error not only affects the current year's cost of goods sold, gross profit, net income, current assets and equity,

pychu [463]

The correct answer is "ending inventory of one period is the beginning inventory of the next period."

An inventory error not only affects the current year's cost of goods sold, gross profit, net income, current assets, and equity, but also the next period's statements because ending inventory of one period is the beginning inventory of the next period.

That is why the manager has to be strict regarding the inventory of a company. Inventory has a cost that can be translated into money. So accountants have to be perfect regarding the inventory. So yes, ann error in keeping the inventory affects the company in that the ending inventory of one period is the beginning inventory of the next period. An internal audit can reveal the mistakes in accurately keeping the inventory. So it is better to put extra attention in the process so nothing wrong would be revealed after the audit.

7 0

3 years ago

Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its

ololo11 [35]

Answer:

Allocated MOH= $165,240

Explanation:

Giving the following information:

Estimated manufacturing overhead $157,750

Estimated machine-hours 4,640

Actual manufacturing overhead $157,400

Actual machine-hours 4,860

First, we need to calculate the predetermined manufacturing overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 157,750/4,640= $34 per machine hour

Now, we can calculate the allocated overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 34*4,860= $165,240

5 0

3 years ago

Read 2 more answers

Mark, a newspaper editor, walks into the newsroom and announces to a group of five reporters: "I'll pay a $2,000 bonus to the fi

lions [1.4K]

Answer: Unilateral contract

Explanation: A Unilateral contract is a form of contract where a promise is made by one party to another, this contract is normally on a condition that the receiver of the promise in the contract would complete some task(s), in order to receive the promise.

Mark made a promise to his staffs in the newspaper newsroom to be fulfilled, if the task was accomplished by anyone. Of which Anna completed the task and claimed the promise by the editor.

3 0

4 years ago

The Xu Corporation uses a periodic inventory system. The company has a beginning inventory of 300 units at $5 each on January 1.

bogdanovich [222]

Answer:

Cost of goods sold is d. $1,600

Explanation:

The LIFO is a method used to account value for inventory. Under the method, the last item of inventory purchased is the first one sold.

1. January 1, Inventory 300 units, $5 per unit. Total $1,500

2. Purchasing:

In February, 500 units, $4 per unit. Total $2,000

In March, 200 units, $6 per unit. Total $1,200

The Xu Corporation uses a periodic inventory system and sells 300 units during the quarter.

Cost of goods sold = 200 x $6 + 100 x $4 = $1,200 + $400 = $1,600

3 0

3 years ago

Which consumer protection law requires that products be free of defects when sold?

sasho [114]

The uniform commercial code is a law that requires that products are free of defects when they are sold.

<h3>What is the uniform commercial code?</h3>

This is a term, that is used to refer to all of the commercial laws that are used to apply to the buying and the selling of goods in the US.

The law protects customers in such a way that the products are free of defects when they buy. The products can also be returned if they are not.

Raed more on the uniform commercial code here: brainly.com/question/15980446

4 0

3 years ago

Read 2 more answers