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Colt1911 [192]
4 years ago
10

A company purchased a computer, office furniture, and office supplies by issuing a check for $5,000 and a note payable for $19,5

00. The market value of the items was $26,300. The total recorded value of the items is ________
Business
1 answer:
Morgarella [4.7K]4 years ago
4 0

Answer:

The total recorded value of the items is 24,500

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the inventory method that will always produce the same amount for the cost of goods sold in a periodic invenotry system as
liraira [26]

Answer:

FIFO.

Explanation:

Note: This question is not complete. The complete question is therefore given before answering the question as follows:

The inventory method that will always produce the same amount for cost of goods sold in a periodic inventory system as in a perpetual inventory system would be:

FIFO.

LIFO.

Weighted average.

None of these answer choices is correct.

The explanation to the answer is now given as follows:

First-in, first-out (FIFO) is an inventory method under which the oldest inventory items are recorded in the account as being issued or sold first.

A periodic inventory system refers to an inventory valuation method under which there is an update to the inventory account at the end of an accounting period instead of after every sale and purchase of inventory items.

A perpetual inventory system to an inventory valuation method under which there is an update to the inventory account after every sale and purchase of inventory items. This is done by using computer softwares such as computerized point-of-sale systems and enterprise asset management software.

When FIFO inventory method is being used, both the periodic inventory system and perpetual inventory system will always produce the same amount for cost of goods sold.

Based this explanation, the correct option for this question is FIFO.

4 0
4 years ago
one theory behind ____ is that the best outcome to civil ______ is a _____ and that parties will move toward agreement if they u
Leviafan [203]

Answer:

The correct answers that fills the gaps are: discovery, litigation, negotiated settlement, examine, evidence.

Explanation:

The litigation is a conflict of interest qualified and elevated to a jurisdictional authority, by a subject of law, with an intention or claim against another that manifests a resistance or that opposes the approach of the former, as Francisco Carnal suggests.

Some authors consider that the concept of litigation only applies to civil proceedings in contractual disputes, and that the term controversy should be used in criminal proceedings. However, progress has been made regarding this idea, because now, in criminal proceedings, civil action or damages are usually used, which gives rise to extra contractual liability.

5 0
4 years ago
Susan is working with the management team in her company to classify data in an attempt to apply extra security controls that wi
Olegator [25]

Answer:

C. Confidentiality

Explanation:

Confidentiality involves actions taken to protect the clients or someone information from the public, this could be private informations, and it is in accordance to law of the land.

Therefore, from this question the principle of information security is Susan trying to enforce is Confidentiality.

7 0
3 years ago
Nêu mối quan hệ giữa các chức năng của tài chính. Liên hệ các chức năng đó vào hoạt động của một doanh nghiệp.
lapo4ka [179]
Tui kbt đâu cảm ơn hjhjj
5 0
3 years ago
A manufacturer of flashlights wants to know how well one of their newer styles is selling in a chain of large home-improvement s
notsponge [240]

A. This study that the manufacturer is carrying out meets the necessary conditions for constructing a C.I.

<h3>The conditions for a confidence interval in a random sample.</h3>
  • It is random given that it is a simple random sample
  • It is independent given that it can be assumed that 20 is less than 10 percent of the chain of stores.
  • 20<30

b. Changing from a 95 percent CI to 98% C.I would make it more possible for us to capture the value so this means it would be wider.

c. A larger sample is going to make \frac{s}{\sqrt{n} } to be smaller. This is due to the fact that the value we are dividing with has become larger. So the sample would get to be narrower.

Read more on Confidence interval here:

brainly.com/question/15712887

5 0
3 years ago
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