Answer:
The correct answer is depository institutions.
Explanation:
We denominate Depository institution to financial entities that can legally receive and manage monetary deposits from costumers.
This institution serves as a way to keep a person's money securely, and thus achieve the physical security of the person who owns the money, since having a certain amount of money with himself can be dangerous.
A client will give his money to a depository institution, which also have several types of bank accounts, and when the client wishes, that money will be returned.
The depository Institution, while saving your money, can use it to make investments or to lend to other costumers.
Answer:
The provisions of the Mayflower Compact would influence later documents
like the Articles of Confederation. Which of the following is not a reason the
colonists created and signed the verry Mayflower Compact?
Explanation:
The provisions of the Mayflower Compact would influence later documents
like the Articles of Confederation. Which of the following is not a reason the
colonists created and signed the verry Mayflower Compact?
Answer:
b. It may be used to estimate inventories for interim statements.
Explanation:
As we know that
Gross profit = Sales - the cost of goods sold
By doing the inventory valuation through the gross profit method, it estimated inventories for interim statements as these statements are covering the financial information that is less than a year so that the proper analysis could be made and in this, no auditing is required.
Therefore, for interim statements, the gross profit method is required.
