If the cpi was 95 in 1955 and is 475 today, then $100 today purchases the same amount of goods and services as

In September of Year 1, Hansen Company issued a note payable to borrow money from its bank. Principal and interest on the note w

Ghella [55]

Answer: True

Explanation:

As a result of the Accrual principle in accounting, transactions need to be recorded in the period that they occur in and not in the period they are paid for in.

The interest in Year 1 was incurred in year 1 and so will need to be recorded in year 1 for the period from issuance of the note to the last day of the accounting period.

This means that if the last day of the accounting period is December 31st, the interest for year 1 would have to be accrued from September to December of year 1 and recorded as year 1 interest.

4 0

4 years ago

Moira Company has just finished its first year of operations and must decide which method to use for adjusting inventory account

Scrat [10]

Answer:

The Cost of good sold will decrease by 10,000

The other accounts balance will be the same.

<em>Missing Information:</em>

Ending balances in the relevant accounts were:

Work-in-Process 40,000

Finished Goods 80,000

Cost of Goods Sold 680,000

Explanation:

The company applied overhead for the amount of 435,000

This was charged into finished good which latter become cost of goods sold.

Then, as the actual overhead was 425,000 we have to adjust for the over-applied overehad. We applied more than it cost so we have to reduce it.

435,000 - 425,000 = 10,000

<u>We will decrease our COGS against the factory overhead account.</u>

COGS 10,000 debit

factory overhead 10,000 credit

8 0

3 years ago

Real GDP ______. A. accurately measures leisure time and life expectancy comma but does not accurately measure the general heal

professor190 [17]

Answer:

B

Explanation:

Real GDP measure total economic output by an economy in a specific geographical boundary regardless of ownership of factors of production, within a year, ceteris paribus.

Real GDP is a good indicator but is not a perfect indicator as underground economy (private tuition whereby taxes and consumption of goods and services) are not accounted for.

Real GDP does not measure Non-Material standard of living like leisure hours, health and life expectancy... It needs other indicators.

Both B and D is a bit effy as:

For D, GDP does not even measure such Non-Material SOL

For B, GDP is not 100 percent accurate on measuring household production (local production? I believe there is no such phrasing as household production as by economics, household is involved in household spending, Contributing to Consumption expenditure in Aggregate Demand.) as there are other factors like presence of underground economy that is not accounted for.

However, B seems like the most accurate ans as it still measures national output.

5 0

3 years ago

According to the rule of 72, if you have $15,000 in an account that grows at the rate of 12 percent annually, it will take appro

yulyashka [42]

Answer:

true

Explanation:

7 0

3 years ago

BI represents a bold new paradigm in which the company's business strategy must be aligned to its business intelligence analysis

nikdorinn [45]

The answer is, False.

A collection of tools (technology, applications, etc.) known as business intelligence (BI) is used to enable better business decisions.
BI is a tool for achieving goals, not a goal in and of itself.
BI is a crucial tool since technology is advancing quickly and steadily.
For instance, it took Walmart several decades to overtake Sears as the leading retailer in the United States, but Amazon did so in only a few short years.
Our world has radically transformed as a result of new technology, and no organization can afford to fall behind.

<h3>What do you mean by business intelligence?</h3>

Business intelligence (BI) is a technology-driven method for data analysis and information delivery that aids managers, employees, and executives in making wise business decisions.

<h3>What is business intelligence give examples?</h3>

BI encourages the use of historical data to promote fact-based decision making as opposed to assumptions and intuition.
Data analysis is carried out by BI tools, which also produce reports, summaries, dashboards, maps, graphs, and charts to give users a thorough understanding of the nature of the business.

Learn more about business intelligence here:

brainly.com/question/13339276

#SPJ4

4 0

2 years ago