Answer and explanation:
Democracy is the state in which individuals of a community make decisions collectively being the interest of most people prioritized. A pure form of democracy is difficult to find even in countries that highly promote equal rights such as the United States.
The Democracy Index is a composite that measures democracies in 167 countries scoring them from 1 to 10 (10 is the highest grade). In 2019, The U.S. was positioned in the 25th place in the list of most democratic countries. <em>Norway </em>is placed in the first place followed by <em>Iceland</em>.
In such a case, <em>we should recommend our friend to take a look at the Democracy Index where he or she will find out that the U.S. is not one of the fairest nations in the world. Its government functioning and political participation are aspects where the U.S. needs improvement.</em>
Answer:
B) It accumulates product costs by production departments.
Explanation:
Process cost is used to ascertain the cost of a product at all stages of production. Total cost is an addition of all the individual process costs. Usually this is used in companies that produce homogeneous goods.
For example manufacturers for processed foods, and chemicals.
Answer:
$10,070
Explanation:
The true cash balance is the balance having considered the effect of the transactions that have happened but are yet to be captured in the books.
Reviewing the transactions,
- bank service charges of $50 - This will be deducted from the book balance
- Two credit memos are included in the bank statement: one for $940, which represents a collection that the bank made for Owen, and one for $60, which represents the amount of interest that Owen had earned on its interest-bearing account in June - Both will be added to the book balance
Hence the true cash balance
= $9,120 - $50 + $940 + $60
= $10,070
