What is the purpose of the required reserve ratio?

What types of serches and seizures are protected against under the fourth amendment to the u.S. Constitution

melisa1 [442]

Home raids, Car searches, Phone searches. Anything that the government or the authorities do not have a warrent to look through, they cannot lawfully look through it.

5 0

3 years ago

Read 2 more answers

Aquatic Equipment Corporation decided to switch from the LIFO method of costing inventories to the FIFO method at the beginning

spayn [35]

Answer and Explanation:

The computation is shown below

1. The adjusted balance in the retained earning is shown below:

= beginning balance of retained earning + adjusted net income

where,

beginning balance of retained earning is $860,000

And, the adjusted net income is

= $68,000 × (1 - 0.35)

= $44,200

So, the adjusted balance in the retained earning is

= $860,000 + $44,200

= $904,200

2. Now the journal entry is

Inventory $68,000

To Retained earning $44,200

To Tax payable $23,800 ($68,000 × 35%)

(Being the adjustment of ending inventory is recorded)

It increased the inventory and along with it it also increased the equity and liabilities so the respective account is debited and credited

6 0

3 years ago

The primary benefit of a MINIMAX objective function is

sladkih [1.3K]

Answer:

The correct answer is letter "C": it yields a larger variety of solutions than generally available using an LP method.

Explanation:

In Goal Programming (GP), the MINIMAX objective aims to minimize the maximum deviation from any type of objective. This approach carries a larger number of solutions compared to the Linear Programming (LP) method which mainly focuses on assigning more weight to each goal in the objective function.

4 0

3 years ago

_____ data is defined as data that has been previously collected for any purpose other than the one at hand. select one:

bekas [8.4K]

The answer is b, Secondary data

7 0

3 years ago

Sunland Company began operations in July 2019. At the end of the month, the company prepares monthly financial statements. It ha

DIA [1.3K]

Answer:

July 31, 2019

Dr Salaries and Wages Expense $1,800

Cr Salaries and Wages Payable $1,800

Dr Interest Expense 320

Cr Interested Payable 320

Dr Accounts Receivable $2,600

Cr Service Revenue $2,600

Explanation:

Preparation of the adjusting entries needed at July 31, 2019

July 31, 2019

Dr Salaries and Wages Expense $1,800

Cr Salaries and Wages Payable $1,800

Dr Interest Expense 320

Cr Interested Payable 320

[$32,000*12%-($32,000*12%*11/12)]

Dr Accounts Receivable $2,600

Cr Service Revenue $2,600

5 0

3 years ago