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3 years ago

What is the main function of unions (money 101)

Business

1 answer:

Semenov [28]3 years ago

8 0

Answer:

A union is a formal group that consists of individuals in a same field or similar professions that are united for their common interests and for protection.

The idea is that a union is more effective than seperate individuals when it comes to Organizational and institutional matters.

So we can say that the main function of unions is to promote the interest of its members and to make certain that the voice of its members is heard in matters where the individuals cannot work separately and alone.

Explanation:

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When does the cost of inventory become an expense? A. When cash is collected from the customer B. When inventory is purchased f

borishaifa [10]

Answer:

C. When inventory is delivered to a customer

Explanation:

As we know that the inventory is good that the company sold to the customers. Through these goods, the company can able to generate huge profits and gain a competitive advantage in the market

But when we talk about the inventory cost that converted into an expense is when we delivered the product to the customer. It would be represented in the company books as an expense. Until sold, it cannot be converted

5 0

3 years ago

On January 1, 2019, Commercial Equipment Sales issued $ 29 comma 000 in bonds for $ 21 comma 700. These are sixminusyear bonds

maxonik [38]

Answer:

$2,058.33

Explanation:

bond's face value = $29,000

bond's market value = $21,700

interest rate = 10%

n = 6 x 2 coupons = 12

discount on bonds payable = $29,000 - $21,700 = $7,300

discount amortized per coupon payment = $7,300 / 12 = $608.33

total interest expense = ($29,000 x 10% x 1/2) + $608.33 = $1,450 + $608.33 = $2,058.33

the journal entry to record the coupon payment in June 30,2019:

Dr Interest expense 2,058.33

Cr Cash 1,450

Cr Discount on bonds payable 608.33

8 0

3 years ago

Both dual enrollment and AP courses offer the following possibilities except that

Artemon [7]

AP gives you a higher grade point average. Although, Duel Enrollment just requires you to pass the class but AP requires the test to be taken and passed to count towards college education.

6 0

3 years ago

Cleftell Inc., a coal mining company in the United States, is the only supplier of coal in its area. The company is backed by th

Katarina [22]

Answer:

Oligopoly

Explanation:

Oligopoly - it is referred to as a marketing structure in which there are few suppliers in the market and every supplier has its own unique function and unique control over the market.

In the given question, cleftell Inc is also one of that firm which has its own control over the market that is why government back them so that they will supply the coal in discounted rate as before

3 0

3 years ago

Andy Company had a cash balance on May 1 of $ 30,000. At the end of May, the cash balance has increased to $ 33,000. During the

PIT_PIT [208]

Answer:

The correct answer is A

Explanation:

The Cash payments for the month of may is computed as:

Cash payment = Cash balance on May 1 + Cash received during the month - Cash balance increased

where

Cash balance on May 1 is $30,000

Cash received during the month is $47,000

Cash balance increased is $33,000

Putting the values above:

Cash payments = $30,000 + $47,000 - $33,000

= $77,000 - $33,000

= $44,000

4 0

3 years ago