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irina1246 [14]
3 years ago
5

How are issues such as customer theft and spoilage addressed at year-end?

Business
1 answer:
forsale [732]3 years ago
7 0
In accounting, the inventory is always done annually so inventory must always be accounted for at the year end. In order to address issues such as customer theft or spoilage, you have to minus (it's market value) from the beginning inventory. 
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economic systems from the most government involvement in the economy to least government involvement.
Mademuasel [1]

Explanation:

In a command economy, the system is controlled by the government. A mixed economy is partly run by the government and partly as a free market economy, which is an economic system that includes no government intervention and is mainly driven by the law of supply and demand.

5 0
3 years ago
Which of the following is incorrect regarding the basic accounting equation?
tekilochka [14]

Considering you accidently messed up the question, Could you give me a brainliest?

3 0
3 years ago
Select the type of assessment that best fits the sentence.
grandymaker [24]
Jeff's financial needs are quite simple. He only wants to open a basic savings account. Let's look at the first three options:
a) Financial Services Company
b) Commercial Bank
c)Insurance Company
d) Trust Company

A Financial Services Company will often offer services such as financial advising and will even manage your funds for you, investing them based on your investment goals. This is a bit more than Jeff needs, and will likely involve heavier fees. 
B) A commercial Bank exists for providing financial services to the general public, and includes a wide range of services from basic to more complex. This is the best institution for Jeff's savings account.
C) An insurance company likely will not offer the service Jeff needs.
D)Trust Company: A Trust Company takes charge of a set of assets, often an estate or large sum of money, due to a potential conflict of interest or a temporary period of uncertainty regarding who is entitled to the assets.

As for the second list:

Investment banks and asset management companies take a more active role in investing the funds. Typically there is a significant minimum investment, some higher fees, and more exposure to risk. These are not ideal options for Jeff's basic savings account.
A credit union offers savings account, and is a viable option for Jeff. However, the best option of this list is a savings and loan association, as they specialize in this service. 

6 0
3 years ago
Read 2 more answers
Regarding municipal premium bonds, which statements are TRUE? I Municipal original issue premium bonds must be amortized II Muni
stich3 [128]

Answer:

I and III are true

Explanation:

A premium municipal bond is a security that is purchased at a price that exceeds its par value and with a coupon rate that is greater than the market interest rate. Municipal bonds are issued at premium prices to guard against taxes. In a situation where the bond pays tax exempt interest, the bond investor must amortize the bond premium

From the question, Municipal original issue premium bonds must be amortized and Municipal market premium bonds must be amortized are the correct answer options.

7 0
4 years ago
How do the income statement and the balance sheet help management make good decisions?
IgorC [24]
Financial accounting is a way for businesses to keep track of their operations, but also to provide a snapshot of their financial health.
8 0
3 years ago
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