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3 years ago

Choose all that apply. Reliable financial information includes _____.

1 answer:

6 0

Hello,

Here is your answer:

The proper answers to your question is options A,B, and D (information from experts in the field, information from recognized and reputable organizations, and information that can be verified by other sources!

Your answers are A, B, and C!

If you need anymore help feel free to ask me!

Hope this helps!

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Dole Company uses the periodic inventory system. At the end of the accounting period, ending inventory is $10,000 and beginnin

Troyanec [42]

Answer:

The one entry is recorded

Explanation:

The journal entry is shown below:

Inventory A/c Dr (Ending inventory) $10,000

Cost of goods sold A/c Dr (Balancing figure) $94,000

To Inventory A/c Dr (Beginning inventory) $5,000

To Purchase account $99,000

In mathematically,

Cost of goods sold = Beginning inventory + purchase - ending inventory

= $5,000 + $99,000 - $10,000

= $94,000

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3 years ago

Turnbull Corporation is constructing an office building that it will use in its business. Construction of the building started i

Scorpion4ik [409]

Answer: $12000

Explanation:

The amount of interest should Turnbull include in the cost of the building from the current period will be calculated as the outstanding debt multiplied by the interest rate. This will be:

= $200,000 × 6%

= $200,000 × 6/100

= $200,000 × 0.06

= $12,000

Therefore, the correct option is C.

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3 years ago

Cyclical unemployment is BEST described as unemployment arising from

Ira Lisetskai [31]

Answer:

Contraction cycle or Recession

Explanation:

The cyclical unemployment is due to the cycles of economy ( expantion:Grow and contraction: recession) Under these circumstances unemployment is considered normal as the economy cannot sustain itself always in an expansion cycle.

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3 years ago

Presented below are the ending balances of accounts for the Kansas Instruments Corporation at December 31, 2021.

dedylja [7]

Solution :

Current Assets

Cash $ 20,000

Accounts receivable $ 1,30,000

Less: Allowance for uncollectible accounts - $ 13,000

Note receivable $ 100,000

Interest receivable $ 3,000

Marketable securities $ 32,000

Raw materials $ 24,000

Work in process $ 42,000

Finished goods $ 89,000

Prepaid Rent(Half of $ 60,000) $ 30,000

Total current assets $ 4,57,000

Current Liabilities

Deferred revenue ($36,000/2) $ 18,000

Accounts payable $ 1,80,000

Interest payable $ 5000

Total current liabilities $ 2,03,000

Working capital (4,57,000 - 2,03,000) $ 2,54,000

8 0

3 years ago

Suppose the company that owns the vending machines on your campus has doubled the price of a can of soda. if they then still sel

Ierofanga [76]

The answer would be that there are few other places to purchase soda on campus; competition (or lack thereof) can play a big factor in determining price elasticity.

While nutrition information can shift consumers' preferences, we have no indication within the question of whether or not the students are well-informed of the impact of their drinking choices.

As for the third option, we are not given any information on the students' budgets, and no information with which to infer this, either. We only have information on their spending as it is related to soda, not as compared to other purchases.

Finally, given that the quantity sold does not change much despite the change in price, we can conclude that this price curve is relatively inelastic, in which case the price elasticity of demand would be closer to zero than one. This effectively rules out the last answer.

8 0

3 years ago