Answer:
Explanation:
Question 27
If Wheat Company had used the FIFO inventory method, income before income taxes would have been $75,000 higher in the current year. As inventory is an asset to the company. Therefore the $75,000 in inventory would have increased the company's asset and increasing the income before taxes.
Question 28
Other things held constant, which of the following will NOT affect the current ratio, assuming an initial Not yet current ratio greater than 1.0?
C. Accounts receivable are collected in cash.
Current ratio measures a company's ability to pay short-term obligations as at when due. It indicates that a company can manage its debts and other payable when their current assets is well managed.
It is calculated as Current Asset/ Current Liability. A ratio of 1 and above is the best meaning that a company an manage its debts obligations well.
Answer:
Implied-in-fact-contract.
Explanation:
The mentioned elements are a part of Implied-in-fact-contract.
Implied-in-fact-contract is a form of implied contract formed by non-verbal conduct, rather than by explicit words. Supreme Court of USA has defined Implied-in-fact-contract as "an agreement 'implied in fact'" as "discovered when a meeting of minds, which, although not embodied in an express contract, is inferred, as a fact, from conduct of the parties showing, in the light of the surrounding circumstances, and their tacit understanding
Answer:
a.True
Explanation:
The objecting of creating a portfolio is to diversify the investment as the proverb says, "do not put all the eggs in the same basket."
When a portfolio is created, rather than putting all the money in a single stock, stocks of different companies or industries can be purchased wherein the chances of earning a higher return increase and at the same time, the risk is spread over several securities.
It means if one stock incurs a loss it can be offset by profit from another stock which reduces the risk an investor is exposed to.
Thus, the given statement is true.
Answer:
I think Miguel should chose "b"
Explanation:
Reason is because he saving up to buy a car and probably won't be saving after he buys it
<span>The above process is known as Peer Review. This Process is used by most of the scientific journals.Peer review process are to help keep up norms and guarantee that the detailing of research work is as honest and very precise and accurate also.The result of the peer review process the authors want to add the number of subjects and results.</span>
