Answer:
The answer is D, there are no requirements in the Illinois Real Estate License Act when a broker sells their property "For Sale by Owner"
Explanation:
Refering back to the question, every statement listed in the option of answers are correct except for D, because in respect to Illinois real estate, Licensees that that are issued licensed as a Managing Broker but are not the Managing Broker of the property with the IDFPR may not advertise themselves as a "Managing Broker" in all ads including business cards
Answer:
COGS= $16,732.5
Explanation:
Giving the following information:
Mar. 1 Beginning Inventory 1,000 $7.20
Mar. 10 Purchase 600 7.25
Mar. 16 Purchase 800 7.30
Mar. 23 Purchase 600 7.35
Marvin sold 2,300 units of inventory during the month.
<u>First, we need to calculate the weighted average price per unit:</u>
Weighted-average cost per unit= (7.2 + 7.25 + 7.3 + 7.35) / 4
Weighted-average cost per unit= $7.275
<u>Now, the cost of goods sold:</u>
COGS= 7.275*2,300
COGS= $16,732.5
Answer:
A. Debiting Cost of Goods Sold $7,000
Explanation:
The LIFO is a method used to account value for inventory. Under the method, the last item of inventory purchased is the first one sold.
At year-end, the perpetual inventory records of Anderson Co. indicate 60 units of a particular product in inventory, but a physical inventory taken at year-end indicates only 50 units of this product actually are on hand. So 10 units of the product was shrinkage.
The company should debit Cost of Goods Sold to record this inventory shrinkage.
Anderson Co. use LIFO method, the amount shrinkage product:
10 x $700 = $7,000
Answer:
1) The cost of something is what you give up to get it
Explanation:
As it can be seen that for opting one service the person should leave the other activity that we called as an opportunity cost
In the given situation, since it is mentioned that Janet can earn $10 per hour and for pool she has to pay $4 as an entrance fee
So here the sacrifice is made with respect if one activity is selected
Therefore the option 1 is correct
