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photoshop1234 [79]

3 years ago

7

an employee who has integrity is _____. a. ethical and friendly b. prompt and efficient c. focused and intelligent d. trustworth

y and honest

1 answer:

Tom [10]3 years ago

5 0

An employee who has integrity is ____. D. trustworthy and honesty. Hope this helps!

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gross domestic product understates the total production of final goods and services because of the omission of

Aleks04 [339]

90% sure that your answer is <em>(household production) </em>

<em></em>

<em>Hope this helps!</em>

5 0

2 years ago

A company: purchased 100 units for $20 each on January 31, purchased 100 units for $30 on February 28, and sold 150 units for $4

igomit [66]

Answer:

Ending inventory as at 31 December = $1500

Explanation:

First-In-First-Out is a method of inventory valuation whereby the stock that comes in first, is used first. This is common for inventory consisting of perishables, such as vegetables where if not used/sold soon, it would be wasted.

Jan 31: Purchases = $20 x 100 units = $2000

<em><u>Remaining inventory:</u></em>

$20 x 100 units = $2000

Feb 28: Purchases = $30 x 100 units = $3000

<em><u>Remaining inventory:</u></em>

$20 x 100 units = $2000

$30 x 100 units = $3000

<em><u>Sales = 150 units x $45:</u></em>

$20 x 100 units = $2000

$30 x 50 units = $1500

<em><u>Remaining inventory</u></em>

200 - 150 = 50 units x $30 = $1500

<em>Thus,</em>

Cost of Goods Sold = $3500 ($2000 + $1500)

Ending inventory as at 31 December = $1500

3 0

3 years ago

The question of when revenue should be recognized on the income statement according to GAAP is addressed by the:

sleet_krkn [62]

Answer:

a. Revenue recognition principle

Explanation:

The revenue recognition principle refers to the principle in which the revenues are recorded when it is realized or earned. It follows the accrual basis of accounting

It is not recorded when the cash is actually received.

When the sale is made, the same is to be shown in the books of accounts

Therefore as per the GAAP, the revenue should be addressed by revenue recognition

hence, the correct option is a.

4 0

2 years ago

Wright Company's cash account shows a $29,300 debit balance and its bank statement shows $27,600 on deposit at the close of busi

IgorLugansk [536]

Answer:

Bank Reconciliation Statement:

Calculation of Adjusted cash Balance on 31 May:

Cash Balance: $ 29,300

less: Bank Charges $ (190)

less: NSF Check <u> $ (420)</u>

Adjusted cash Book Balance $ 28,690

Add: Outstanding Checks $ 6,500

Less: Uncleared Checks <u>$ 7,100</u>

Revised Cash Book Balance (A) <u>$ 28,090</u>

Bank Statement Balance $ 27,600

Add: Error by Bank <u>$ 490 </u>

Adjusted Bank Balance (B) <u>$ 28,090</u>

Explanation:

Bank reconciliation is a company document prepared in order to reconcile difference between balance as per cash book and balance as per bank statement.

The difference arise because of two reasons:

Timing differences (Outstanding checks and Uncleared checks
Error and Omissions. (Bank charges -NSF)

6 0

2 years ago

Buying a new computer for which of these reasons is most likely a sound financial decision

Anna71 [15]

Answer:

The correct answer is "You need it to do your hw".

Explanation:

A computer today is more than just a piece of entertainment. Many professionals work from home with one of these and depending on the characteristics of the job they must evaluate which computer to buy. Thus, buying a new computer involves taking into account several factors that influence the decision financially.

Have a nice day!

3 0

2 years ago

Read 2 more answers